The PEIA Cost Shifting Bill (aka SB 268) is being rapidly moved through the legislative process. Legislative leaders are trying to make PEIA solvent by reducing benefits and kicking participants off the plan instead of creating a dedicated revenue stream for long-term stability.
- SB 268 is a comprehensive bill that affects 230,000 plan participants of PEIA in many different ways.
- SB 268 will result in a 26% premium increase for all active PEIA participants beginning July 1, 2023.
- Short-term and long-term effects to retiree and non-state coverage is unknown.