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Bill to let retired law enforcement buy state coverage could cost state $2.5M–$5.25M annually, actuaries say

INSURANCE & COMMERCE - SENATE · March 30, 2023
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

House Bill 1257 would let city and county law enforcement officers who meet retirement service requirements purchase state employee health insurance until Medicare eligibility. Siegel's actuaries estimated an $8,000-per-enrollee annual net cost and total annual program cost between $2.5 million and $5.25 million, but sponsors said an amendment is expected to shift costs to participating municipalities.

Representative (recorded as Acre/Akers in transcript) introduced House Bill 1257, which would allow city and county law enforcement officers who meet a full-retirement service requirement to purchase state employee health insurance until they reach Medicare eligibility. The sponsor said the measure responds to concerns from older officers who delay retirement because of…

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