VI News Staff 1 year ago

Bryan sees self-funded health insurance in government employees’ future

Governor Albert Bryan announced today that the administration is advancing plans to move government employees to a self-funded health insurance system.

He shared the update during the Government House weekly press briefing, following a meeting last week with the Government Employees Service Commission Board.

Bryan and the board discussed the transition from the current fully insured model to a self-funded system aimed at reducing costs, improving efficiency and expanding coverage.

A central part of the effort is an internal study to be completed by December 2025 by the GESC’s consulting partner, the Gehring Group. The study will outline the steps and structural requirements for the transition, including creation of a revolving fund, or “lock box,” to manage claims while ensuring financial stability.

Once the study is complete, the government will issue an open request for proposals through the Department of Property and Procurement, inviting carriers and administrators to help design and manage the new self-funded plan.



READ MORE:

U.S. VIRGIN ISLANDS WEATHER

Bryan Declares State of Emergency on Sargassum as Problem Becomes Acut...

VI News Staff
4 years ago

Judge Miguel Camacho Publicly Reprimanded After Court Finds He Sexual...

VI News Staff
4 years ago

Tourism releases Crucian Christms Festival schedule, entertainment lis...

VI News Staff
1 year ago

Man Who Allegedly Disregarded Police Orders and Took Off Running to Di...

VI News Staff
5 years ago

Hamas hands over bodies of four Israeli hostages, said to include Biba...

VI News Staff
1 year ago