Self-insurance included in budget proposal
The Group Insurance Board (GIB) voted to move Wisconsin to a self-insured health insurance model for state workers effective Jan. 1, 2018. The GIB projects this move to save $60 million over the next two years while providing the same level of benefits to employees and retaining access to 98 percent of our current medical providers. Instead of the state paying health insurance companies a fixed amount for employee health insurance, the Department of Employee Trust Funds (ETF) would maintain funds in a reserve to pay individual health care claims. Gov. Scott Walker’s 2017-2019 proposed budget incorporates the anticipated savings. The proposed change still requires approval by the State Legislature.