The Ohio Public Employees Retirement System recently published the OPERS 2012 Health Care Report, which documents the changes that we adopted last year and looks toward the future of coverage for our members.
The report summarizes the changes in health care coverage that we made last year, how we plan to fund health care, how the industry is evolving and how we can maximize quality of care for our plan members. Titled “Keys to Preserving Health Care for the Future,” the report was produced for the Ohio Retirement Study Council.
The highlights of the plan in 2012 included:
- Future plans: We detail the major changes to the health care plan and how they will keep the plan solvent in the long run.
- Funding: Pension legislation enacted in 2012 provides for the proper funding to support access to quality health care coverage for our current and future retirees.
- Resource efficiency: We used federal funding to keep premiums low and actively managed the implementation of our Medicare Part D Prescription Drug Plan.
- Health care marketplace: We are continually working on new solutions in health care delivery and payment.
- Quality of care: OPERS is focused on maximizing care through key metrics.
The report also discusses the history of the plan, lists the statutory requirements to which we adhere, and looks at the fund’s financial performance. You can view the complete 2012 health care report by clicking on this link.