Other KPPA News
Humana Contract Negotiations
Baptist Health Medical Group (BHMG) and Humana, KPPA’s Medicare Advantage provider, were unable to reach an agreement on a new contract before the September 22, 2023 deadline. This means BHMG doctors and advanced practice clinicians are now considered out-of-network for Humana KPPA Medicare Advantage (MA) plans. Baptist Health hospitals are unaffected and remain in-network for Humana.
Regardless of the outcome, the in-network and out-of-network benefits and out of pocket costs are the same, meaning costs should NOT increase for KPPA members whose BHMG doctor or clinician accepts Medicare.
KPPA will provide additional information as it becomes available.
Insurance Open Enrollment Begins in October 2023
Open Enrollment is a window of time – limited to a few weeks each fall--- when retirees can sign up for health insurance, adjust their current plan or cancel their plan. Retirees who miss the window may have to wait until the next open enrollment period to make any changes to their insurance coverage.
KPPA hosts two separate Insurance Open Enrollment periods each year: one for our Medicare-eligible retirees and another for our non-Medicare eligible retirees. For more information about the insurance benefits available through KPPA, click here.
KPPA Offers Webinar Series for Non-retired Members
KPPA is hosting webinars for non-retired members each month. Webinar topics include a session on Retirement Payment Options (including the Partial Lump Sum Options effective January 2024) where staff will define each payment option and give a detailed explanation of how they work; retirement strategies for Tier 1 members (participation date prior to 9/1/2008); and a review of the Member Self Service portal.
Space is limited and registration is required. Please visit our website for the current schedule, webinar registration, and to watch recorded webinars.
Retirement Trends
Total retirements from the systems administered by KPPA fell in Fiscal Year (FY) 2023 to their lowest level since 2020, the first year of the COVID-19 pandemic. Across CERS, KERS, and SPRS, 6,471 members retired, a 6% drop from the previous year. The downward trend was most noticeable in the two systems that saw pay increases as part of budgets recently approved by the General Assembly and signed by Governor Beshear: KERS and SPRS. For FY 2023, SPRS retirements fell 74% from the prior year, while KERS retirements fell 23%. More information about retirement trends can be found here.
|
