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Stockton Unveils Kaiser Plan for Retirees
Recordnet.com Sept. 24, 2012 "The city has unveiled a Kaiser Foundation option for its retired employees, anticipated since informing them in June that they have to pay for their own health insurance. The older city retirees who choose Kaiser will experience a significant cost saving, depending on how many people they cover. But the savings for those younger than 65 is less dramatic at 6 percent.... it is anticipated that pricing for the Kaiser plans will maintain greater premium stability ... The city is subsidizing medical costs until July 1, when the retirees will have to pay all of their health insurance costs. This is expected to save Stockton's general fund $7 million this year alone." |
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