Retired Employees Association of Orange County
REAOC Board Welcomes You!
Pictured Left to Right: Co-President Doug Storm, Sharon Sedgwick, Co-President Linda Robinson, and John LaRoche
Board Watch Committee
In the News
HEALTH CARE PLAN RATES FOR 2015
At the Board of Supervisors' meeting on Tuesday, July 23, 2014, items 35 and 37, the new Health Plan Rates, were approved on a 5-0 vote by the Board members. Although the majority of plans will have increased rates for 2015, there are some plans with decreased rates.
The rates for 2015 no longer have a positive impact due to special funding applied to the rates for the year 2014 only. These special funds, known as Early Retiree Reinsurance Program (ERRP), consisted of a short-term federal reimbursement program, authorized as part of the Patient Protection and Affordable Care Act (PPACA) to encourage employers to continue to provide insurance coverage to “early retirees” (ages 55 – 64) who were not eligible for Medicare. The County of Orange received $2.4 million in ERRP funds for Retiree Insured Health Plans. These funds were generated as reimbursement for actual medical and pharmacy services incurred by County early retirees in these plans and were used as required by law by December 31, 2014.
Please click on the links below for the charts provided by the County for the 2015 Health Plan rates:
News, week of September 15, 2014
Reuters reports city and county pension funding
in better shape at end of 2013
Reuters quotes a Wilshire Company study that found funding levels rose 6%. Funding levels for city and county pension plans rose almost 6 percent in 2013 from the previous year, according to a report released by Wilshire Consulting. (More)
St. Joseph Hospital-Orange-nurses want benefits restored
A delegation of St. Joseph Hospital of Orange registered nurses, local religious leaders and community supporters braved the heat to deliver a petition to CEO Steve Moreau Monday morning calling for the restoration of long standing employee benefits, including disability and retiree healthcare plans that were recently cut. (More)
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