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PEBA outlines three funding options for state health plan; base requirement $77.44M, employer request includes $4M authorization increase
Summary
Peggy Boykin of the Public Employee Benefit Authority presented plan membership data and three funding options for the state health plan. PEBA proposed increasing its authorization for employer contributions by $4 million and outlined impacts on employees, agencies and school districts.
Peggy Boykin, director of the Public Employee Benefit Authority (PEBA), told the Constitutional Subcommittee that the state health plan covers roughly 10% of South Carolina’s population and 543,579 lives in total. She presented three budget options for legislators to consider for the 2026 plan year and asked the committee to authorize a $4,000,000 increase in PEBA’s authorization to cover higher employer contributions.
Boykin said the plan covers about 307,000 subscribers: roughly 210,000 active employees, about 94,000 retirees and 3,000 others (COBRA and survivors). She said the plan includes more than 90,000 spouses and more than…
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