Arkansas State Board of Finance Backs Health Insurance Plan, Offers Reduced Rates for State Employees and Slight Increase for Retirees

On May 22, 2024, at 7:46 p.m., Michael R. Wickline of the Arkansas Democrat-Gazette shared information about proposed changes to the state’s health insurance plan for employees and retirees for calendar year 2025. The changes were endorsed by the state Board of Finance and are set to take effect soon.

The proposed changes indicate that most current employees in the state’s health insurance plan will pay less than they currently do. On the other hand, most retirees will see a slight increase in what they have to pay for their health insurance coverage. These changes aim to provide a more balanced and fair approach to health insurance costs for employees and retirees of the state.

The endorsement of the proposed changes by the state Board of Finance signals a step towards implementing new policies that benefit the majority of employees and retirees in the state’s health insurance plan. By carefully considering the financial impact on both groups, the changes seek to create a more equitable system for health insurance coverage.