GIB Discusses Rate-Setting Strategy for 2022 | ETF – Wisconsin Department of Employee Trust Funds

The Group Insurance Board today met to discuss preliminary premium bids and rate-setting strategy for plan year 2022. The discussion was held in closed session. No formal Board action was taken. The Board advised the Department of Employee Trust Funds and Segal, the Board’s consulting actuary, to negotiate reasonable rates that are supported by utilization and cost data for each health plan.

The Board’s next regularly scheduled meeting is set for August 18, 2021, for the review and approval of premium rates and health plan service areas for plan year 2022.

The annual open enrollment period for plan year 2022 is September 27 to October 22, 2021. All ETF open enrollment outreach activities will be held virtually, including a series of webinars about health benefits. Additional information and registration details will be available on the ETF website soon.

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