Business & Real Estate

CalPERS finalizes new health premiums

CalPERS’ governing board Wednesday approved new health-care premiums for 2015.

About 40 percent of its 1.4 million members will get a slight rate decrease, while others will see higher premiums. CalPERS said open enrollment will run from Sept. 15 to Oct. 10. The new rates will take effect Jan. 1.

The board ratified premium rates recommended a day earlier by CalPERS’ Pension and Health Benefits Committee.

Because CalPERS is the second largest U.S. health care purchaser, after the federal government, its premiums are closely watched in the health insurance industry.

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