Open enrollment for GovGuam’s health insurance is tracking to start next week.
Government employees will be able to make changes to their coverage with Aetna which is still the single-provider for GovGuam.
Department of Administration director Edward Birn says the government saved some money last year on their contract with Aetna since retirees were moved to a different plan. So instead of the forecasted $111 million, GovGuam paid out around $105 million for health insurance.
But Birn says with increasing medical costs, this year’s contract with Aetna is around 11% higher.
“You probably saw that for instance, GMH increased their fees, so those fees have to be paid. Of course, we’re [also] having to deal with COVID-19 costs. And Aetna has been covering testing, once it’s been approved by a physician for all the GovGuam employees who made a claim,” Birn said.
In June, the Legislature passed a bill that gave GovGuam workers a choice of insurance providers.
The Governor signed the bill into law, however, it won’t take effect until fiscal year 2022.