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April 4, 2014 / jimnv

NV PEBP and Excess Reserves

On April 3, 2014, the Nevada Public Employee Benefits Program board decided to restore benefits lost during The Great Recession by depleting it $54 million excess reserves.  Some changes for the 2016-2017 biennium are:

Annual dental coverage will be $1,500 instead of $1,000.

Co-insurance coverage will be 80 percent after deductibles are paid.

Northern Nevada HMO participants will pay $300 for outpatient surgery and the in-patient hospitalization co-payment dropped to $500 from $1,000.

Southern Nevada HMO participants will see some increases. For example, a specialist visit will be $25 instead of $15 and an ER visit will be $150 instead of $75. Northern Nevada participants pay more.

Active member life insurance will be $25,000 instead of $10,000. For retired members their life insurance will be $12,500.

The issue here is not just about what people will pay in the future but why the excess reserves are so high year after year. Excess reserves come directly from the pockets of participants and show the incompetence of NV PEBP management. I have said repeatedly … Executive Director Wells must be fired; he should not be allowed to resign for any reason. Wells has consistently shown his antipathy toward state employees by making them unnecessarily pay more for their health benefits. This is bad management.

This governor’s man must go… now!

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