Retirement Board Approves Health Care Premiums for 2017

The Retirement Board approved 2017 premiums for all plans offered through the STRS Ohio Health Care Program. A complete list of these premiums is available here, or can be obtained by calling STRS Ohio’s Member Services Center toll-free at 888‑227‑7877. Additional information about the 2017 Health Care Program will be provided in upcoming newsletters and on the STRS Ohio website. In late October, all eligible benefit recipients will receive personalized health care plan information in preparation for the fall open-enrollment period that extends from Nov. 1–22, 2016.

When determining premiums, the Retirement Board and STRS Ohio staff consider the claims experience of plan enrollees, as well as annual health care cost trend rates. The 2017 premium subsidy will reflect a reduction in the years-of-service multiplier for non-Medicare plan enrollees to 1.9% per year of service. This means retirees with 30 or more years of service who are not enrolled in Medicare will receive a premium subsidy of 57% in 2017.

Below is a sample of monthly premiums for calendar year 2017 for a benefit recipient with 30 or more years of service.

Benefit Recipients Without Medicare (30 or More Years of Service)
Plan Total Cost STRS Ohio Pays Benefit Recipient Pays
Medical Mutual Basic Plan (Indemnity or PPO): Available in any location in Ohio, or Aetna Basic, available outside of Ohio $884 $504 $380
AultCare (PPO): Available in select northeastern Ohio area ZIP codes $806 $459 $347
Paramount Health Care (HMO): Available in select northwestern Ohio area ZIP codes and select areas in Michigan $703 $401 $302
Benefit Recipients With Medicare (30 or More Years of Service)
Plan Total Cost STRS Ohio Pays Benefit Recipient Pays
Aetna Medicare Plan (Medicare Advantage PPO): Available in any location in the United States $342 $215 $127
Medical Mutual Basic Plan (Indemnity or PPO): Available in any location $300 $189 $111
AultCare PPO: Available in select northeastern Ohio area ZIP codes $440 $215 $225
Paramount Elite HMO (Medicare Advantage): Available in select northwestern Ohio area ZIP codes and select areas in Michigan; not available if enrollee has Medicare Part A-only $410 $215 $195