Relating to PEIA Cost Sharing Provisions

SB 526 modifies how public employee health insurance premiums are calculated under West Virginia's Public Employees Insurance Agency (PEIA). It requires the finance board to develop annual financial plans with actuarial review, ensuring plans cover all costs including claims. The bill establishes specific reimbursement rates (110% of Medicare for providers), sets employer/employee cost-sharing percentages, and allows different cost levels based on ability to pay for current employees and retirees. It also permits subsidizing retired employees' coverage through employer premiums. This directly affects all West Virginia public employees, retirees, state employers, and healthcare providers participating in PEIA.