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CalPERS 2026 rate changes: Salinas staff report projected health‑benefit cost increases and plan shifts

5564598 · August 12, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

HR staff told the committee CalPERS notified the city of 2026 premium increases (largest: Platinum PPO 13.15%, Blue Shield access 11.26%), a transition from OptumRx to CVS Caremark for pharmacy benefits, and an anticipated city health cost of about $14.9 million for fiscal year 2025‑26.

Patricia (surname not stated), an HR manager, briefed the Finance Committee on CalPERS health plan premium changes and other benefit logistics for 2026.

Patricia reported CalPERS forecasted premium increases with the largest shown for the Platinum PPO plan at 13.15% and Blue Shield Access at 11.26%, and said…

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