We need your help!
Recently formed "legislative working groups" began meeting in Springfield this week, and what we have learned so far is that the Rauner administration has already put forth proposals to fill the $6 billion hole in the 2016 state budget.
Of the many reforms he has put forth, his administration has stated they want to cut the state funding to TRIP.
State funding into TRIP is vital to us. Without the state's $95 million assistance to the program, insurance premiums will rise drastically.
Please contact your state representatives and senators by clicking the link below and let them know how cuts to TRIP funding will affect you.
Take Action on TRIP funding
Since the creation of this health insurance program for retired teachers, the program has consistently had to deal with funding issues. Adjustments to the funding of the program have been made through the years to ensure the plans solvency. The most recent agreement was struck in 2004 and structured the funding of TRIP as we know it today. However, the four revenue streams are not keeping up with the actual costs of the health insurance plan and the day is nearing when an adjustment will need to be made to maintain the solvency of the plan.
Commentary by Will Lovett, IEA:
“We are looking at ways to incorporate the TRIP funding issue into our overall IEA legislative messaging during the next few weeks. Budgetary conversations are ongoing between the Governor’s office and the four legislative caucuses and there currently has not been legislative language introduced to remove the state contribution to TRIP to date. We are trying to secure funding for the program at every step of the way. On the website you will find the attached fact sheet about TRIP. It has been updated and will help our members talk about this issue with legislators. We will engage our retired members soon around this especially if it is something that starts to gain traction within the General Assembly.
The cost of premiums for non-Medicare eligible members:
“...The subsidy that they receive is similar in terms of percentages as those that are Medicare eligible. Members get a 75% premium subsidy if they participate in an HMO or if one is unavailable to them where they live. This same premium subsidy applies equally to those that are or are not able to participate in Medicare. If members can access an HMO but chose not to do so, their premium is subsidized by only 50%. Members often choose to pay the higher premium but they do it knowing what they are going to pay. We need to remember that members that are not eligible to participate in Medicare did not contribute the 1.45% of salary to help fund a Medicare benefit.”