LITTLE ROCK, Ark. (AP) – A consulting firm has says Arkansas state employee
health insurance costs are set to rise dramatically in 2020 unless the state
steps in to offset the increase.
An actuary for a financial consulting firm told the State and Public School
Life and Health Insurance Board Tuesday health care funding for about 26,000
state workers will fall around $27 million short.
The Arkansas Democrat-Gazette reports the firm told the board employees’
contributions will need to increase by 27 percent next year, the benefits will need to
change or the state will need to pay more to subsidize.
The firm said the state’s 46,000 school employees will not need to see large
rate increases until 2021, though that will deplete reserve funds. Plans would
then need to increase by 24 percent in 2021.
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