Originally posted September 4, 2007

2008 Health Care Premiums

At its August 2007 meeting, the State Teachers Retirement Board approved the premiums for calendar year 2008 for each of the health care plans offered through the STRS Ohio Health Care Program. The new premiums take into account the plan design changes approved earlier in the year by the board to the Aetna and Medical Mutual Plus and Basic Plans and the Paramount health care plans. They also reflect the board’s continuation of its contribution strategy of providing a premium subsidy to benefit recipients of 2.5% per year of service, up to a 75% maximum, and requiring spouses and dependents to pay 100% of projected rates.

The amount of increase in monthly premiums varies among plans. The minimum monthly premium is $40, except for benefit recipients enrolled in the Health Care Assistance Plan. In late October, all current enrollees in the STRS Ohio Health Care Program will receive personalized information that outlines their 2008 plan options, monthly premiums and coverage features. Open enrollment will run from Nov. 1 through Nov. 30, 2007.

For a PDF list of premiums for all plans and each year of service, click the appropriate link below:

Enrollees Without Medicare

Enrollees With Medicare Parts A & B

Enrollees With Medicare Part B Only

For more information about the 2008 STRS Ohio Health Care Program, view the August 2007 special edition newsletter.