Legislation sponsored by Senator Anthony Bucco a member of the Senate Budget and Appropriations Committee that would allow the state to offer incentives to employees to waive their State Health Benefits Plan (SHBP) coverage passed the Senate State Government Committee unanimously today.
“This is a common sense measure that will help restore fiscal sanity to the State Health Benefits Plan, ” Bucco said. “The state should offer incentives to those employees who have the option of covereage by private insurance to waive their participation in the SHBP.”
The reforms in this bill apply to the State, a state authority, a state commission or a board. The provisions of this bill only pertain to employees who elect to enroll in private health insurance plans. Employees who choose to drop their coverage in the SHPB to enroll in a spouse’s SHPB will not be eligible for the incentive program. The incentives will be capped at 50 percent of the savings realized by the amount saved by the waiver.
“This bill will provide an aggregate savings to the State Health Benefits Plan, ” Bucco concluded. “We owe it to the middle class taxpayers, who are footing the bill, to pinch every penny in these difficult economic times.”
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