New Mexico – The New Mexico Retiree Health Care Authority has approved increases in the medical insurance premiums paid by retired governmental and educational workers.
The authority announced Friday the increases will average 8 percent and take effect in January 2011.
The authority offers several insurance plans and the premiums vary.
Rates for a 20-year retiree in the authority's top-of-the-line group health insurance plan will be about $216 a month. That's an increase of $16 a month.
A Medicare supplemental plan will cost about $132 a month an increase of more than $9.
The authority is an independent agency providing health care coverage for 42,000 governmental retirees, their spouses and dependents.
Retiree Health Care Authority: http://www.nmrhca.state.nm.us/
Copyright 2010 The Associated Press.