Ohio Public Employee Retirees are about to be cut…

…and cut deep.  In 2022, to keep the health insurance funds afloat, the OPERS board has decided to make necessary cuts to its employees and current retirees. The percentage of decrease will depend on the number of years employed as well as their status with Medicare. Those retirees who are not eligible will have their health care coverage eliminated entirely. The board, however, has decided to provide an undetermined amount to shop the individual market for coverage.

Sounds like a broken record, and this song and dance is getting old. “The basic problem is we have no money to fund health care,” OPERS Executive Director Karen Carraher said. The 9-2 vote has board members wagering against hope that something will change.  It is time to take action.

But the good news, the Dental and Medicare Part A coverage is untouched… So far.