Board Approves Health Care Premiums for 2023; 96% of Current Enrollees Will Have Lower Premiums
The Retirement Board approved health care premiums for the 2023 plan year that will result in lower premiums for about 96% of plan enrollees. STRS Ohio staff shared that premiums will be at least $20 lower per month for about 104,000 current plan enrollees. The lower cost is due to a board-approved increase in the health care subsidy, lower-than-expected health care claims and increased revenue from the Center for Medicare & Medicaid Services for STRS Ohio’s Medicare Advantage plans.