PEHP, Health Insurance Premiums, Transparency, and Cash Back Options

SCR3, Concurrent Resolution Regarding the Public Employees’ Health Plans, sponsored by Senator Hemmert, passed the Senate and was heard in the House Health and Human Services Committee.  The resolution passed the committee and will now be heard in the House.  The resolution was amended to change the name of a PEHP health insurance plan from “Utah Basic Plus” to “Consumer Plus.”  In addition, employees who have money in an HSA will have the option of accessing the cash.  The employees will be required to pay state and federal taxes on any funds they take out of the HSA for non-medical expenses.

Health insurance premiums increased this year by 4.35%, which is $12.2 million. The legislature is planning to fully fund this increase.

PEHP is also focusing on transparency and has developed a new cost tool where employees can “find and compare options” that will provide a breakdown of costs, common ranges, prices of doctors, locations of service, and more. This tool is beneficial to members who will have the ability to compare options and choices based on data and other factors.  The tool can be found on PEHP’s website.

As a part of this new feature members will also see a green phone with a money sign above on some options when comparing choices. This feature indicates there is a cash back option on that choice and the member can call PEHP to see how much cash back is available by using this option.  Some members can receive up to $500 on a cash-back option.

PEHP is focusing on transparency, choice, and effectiveness for members and UPEA will keep you apprised of any changes in the program.

If you would like to learn more about this bill please click here.

%d bloggers like this: