CalPERS’ four-week open enrollment period for health benefits began Monday, with a couple changes for its 1.4 million beneficiaries.
CalPERS members this year will get expanded resources to choose health care plans online, and to receive health care statements electronically.
CalPERS said the milestone marks the first time that a majority of its members automatically will receive health care information online, potentially saving about $1 million a year in publication costs.
The upcoming year will also see a new company negotiate pharmacy charges for CalPERS beneficiaries.
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OptumRX, a Minnesota-based firm, in May won a five-year, $4.9 billion contract to manage pharmacy benefits for CalPERS. Previously, CVS Caremark was CalPERS’ pharmacy benefit manager.
CalPERS open enrollment portal has information to help beneficiaries choose from six health maintenance organization (HMO) plans and three preferred provider organization (PPO) plans.
CalPERS’ Open enrollment period is scheduled to end on Oct. 7.