Medicare advantage premiums to remain stable this year

Jul 31, 2017

State Treasurer Dale Folwell announced Wednesday that thanks to renegotiation with United HealthCare, Medicare Advantage plan premiums will not increase in the coming year. Premiums were scheduled to increase as much as 25 percent.

The state will actually save money, around $1.2 million, in the deal. Though the state pays premiums for retirees, members who cover dependents may also see a small savings. This is contrary to a national trend where rate increases are the norm with the current uncertainty in the health insurance market.

SEANC Director of Operations Chuck Stone applauded the work of the Treasurer, United and the state employees who work at the State Health Plan for the renegotiation. Watch the press conference here: