Sharing The Costs

Many of our Members may be concerned with the results of this year’s renewal process. With health care costs increasing every year, it becomes more of a challenge for LACERS to pay all the costs without your help. LACERS will be paying about 93% of the overall medical costs by increasing your maximum medical subsidy from $928 to $983. You will experience your share of the costs by increased retirement paycheck deductions (these will be minimal for most Members) and co-pays. We understand that individual Members will be affected differently by our decisions and their individual plan selections, but we have to consider the entire LACERS membership and the sustainability of health benefits now and into the future. While many organizations are trimming their health benefits or doing away with them altogether, LACERS continues to offer you the same benefit options you have enjoyed in the past.

Co-pay increases are one way to reduce health care costs, but LACERS does not intend this to be our only strategy. Under the Board’s guidance, we are currently exploring other options and developing new strategies to help manage future medical costs so that you and future retirees can continue to experience affordable health coverage.