Is the STRS Ohio Health Care Program a “rich” coverage plan?
The STRS Ohio Health Care Program provides a quality level of coverage, but is far from what would be considered a “Cadillac” plan. In recent years there have been a number of changes to the health care program. Retirees have borne the cost of increased premiums, deductibles and copayments on prescription drugs. On average, STRS Ohio retirees contribute 48% of their total health care costs. Currently, after an entire career of service (30 years of teaching), a non-Medicare eligible benefit recipient will pay a health care premium of $163 per month. This figure increases as years of service decrease. To cover a non-Medicare spouse, an STRS Ohio benefit recipient will pay an additional $580 per month.
Related Questions
- If I select the STRS Ohio Defined Contribution Plan, will I have access to STRS Ohio optional health care coverage at retirement?
- Can you describe the optional health care coverage that is offered under the STRS Ohio Defined Benefit and Combined Plans?
- Is the STRS Ohio Health Care Program a "rich" coverage plan?
