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Premiums & Payments
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Question/Topic
When rates go up on my (non-Medicare) retiree health care premiums, they will be higher than my current pension allotment. What should I do?
Answer/Article

Your pension amount must cover the premium payment for the health plan(s) you have selected. If pension deduction is not an option for you, here are other ways to assure your premium payments are not interrupted:

 

  • Automatic checking or savings account debits: The Health Care Authority can debit your bank account on the 15th of each month for that month’s premium. Complete and return an Electronic Debit Service (EDS) Agreement form. Continue to pay your premium invoices until you receive a letter from PEBB indicating your EDS start date. 
  • Volunteer Employee Benefit Association (VEBA) Account: VEBA can pay your monthly premiums or reimburse you for premiums deducted from your pension. Call VEBA at 1-800-422-4023 to make payment arrangements. You must make your first payment directly to PEBB while VEBA sets up your account for you. (VEBA does not pay for retiree term life insurance.)
KBID 686
Date Modified 6/19/2009
Date Created 11/16/2007

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