ERS reduces premium rates for Medicare retirees Image

ERS reduces premium rates for Medicare retirees

by TPEA | September 15, 2020

The Employees Retirement System (ERS) Board adopted significantly reduced rates for Medicare retirees at its . For retiree and spouse coverage, the out-of-pocket premium payment effective January 1, 2021 will drop from the current $151+ per month to $89 monthly, a savings of $62 per month or $744 per year. Surviving spouses will see their monthly premium payment drop from $303 monthly to $179, a $124 reduction.

This is a considerable relief for the budgets of the almost 67,000 Medicare retirees and 17,000 eligible dependents participating in the ERS health plan. TPEA applauds ERS and its newly chosen Medicare Advantage administrator, Sierra Health (a United Health entity) for generating these substantial savings.

Share:
RECENT POSTS
How to Tell the Difference Between Muscle Soreness or Injury
How to Tell the Difference Between Muscle Soreness or Injury

A little bit of muscle soreness after a workout is your body’s natural reaction to exercise. In fact, a little bit of


Read More

The 4 Most Common Holiday Accidents
The 4 Most Common Holiday Accidents

The holidays are a time to take a vacation, relax, and spend quality time with loved ones. However, frequently, it’s also


Read More

Their Bodies Age, But Older People Have Higher Emotional Well-Being – Here’s Why
Their Bodies Age, But Older People Have Higher Emotional Well-Being – Here’s Why

Bodies sometimes lose their vigor with the passing of the years, but in emotional well-being, older people seem to rule


Read More

Here’s Some Not-So-Sweet News: Sugar-Free Drinks Can Damage Your Teeth
Here’s Some Not-So-Sweet News: Sugar-Free Drinks Can Damage Your Teeth

It’s well known that sugar-filled sodas, sports drinks, and juices can be bad for your teeth. Now, a new study shows that


Read More

Stay up-to-date on state employee news

Subscribe >

©2020 Texas Public Employees Association. All Right Reserved.