Peia Insurance – A Comprehensive Guide

Peia Insurance is a medical insurance scheme that offers various benefits to the residents of West Virginia. It is a self-insured program that covers medical expenses for state employees, retirees, and their dependants. Peia Insurance has been providing its services for over 50 years and is highly rated due to its extensive coverage and affordable premium rates. In this article, we will discuss the ins and outs of Peia Insurance and why it is the best choice for medical insurance in West Virginia.

What is Peia Insurance?

Peia Insurance is a self-insured program that is designed to provide medical insurance to state employees, retirees, and their dependents. The program is administered by the West Virginia Public Employees Insurance Agency (PEIA) and is responsible for providing coverage to over 200,000 members.

Peia Insurance covers a wide range of medical expenses, including hospitalization, prescription drugs, dental care, vision care, and mental health services. The program is funded by contributions from the state government, employees, and retirees. It is a not-for-profit program, and all the funds are used to provide medical coverage to its members.

Who is eligible for Peia Insurance?

Peia Insurance is available to all state employees, retirees, and their dependents. State employees include those who work in government agencies, public schools, colleges, and universities. Retirees who receive a pension from the state of West Virginia are also eligible for Peia Insurance. Dependents who are eligible for coverage include spouses and children up to the age of 26.

How much does Peia Insurance cost?

The cost of Peia Insurance varies depending on the coverage plan chosen by the member. The program offers several plans that range from low-cost plans to comprehensive plans. The cost of the program is subsidized by the state government, and the premium rates are among the lowest in the country.

The premium rates for Peia Insurance are based on the member’s salary or pension. The contribution rates for state employees are set by the state government, and they are based on a percentage of the employee’s salary. The contribution rates for retirees are also based on a percentage of their pension.

What are the benefits of Peia Insurance?

Peia Insurance offers several benefits to its members, which include:

How to enroll in Peia Insurance?

To enroll in Peia Insurance, members need to follow these steps:

1. Visit the Peia Insurance website
2. Select the coverage plan
3. Fill out the enrollment application form
4. Submit the form to the Peia Insurance office

Members can also enroll by contacting the Peia Insurance office by phone or in person. They can also make changes to their coverage plan during the open enrollment period, which usually occurs in the fall of each year.

Is Peia Insurance a good choice for medical insurance?

Peia Insurance is a highly rated medical insurance program that offers comprehensive coverage at affordable rates. It is a not-for-profit program, which means that all the funds are used to provide medical coverage to its members. The program has been in operation for over 50 years and is known for its excellent customer service and extensive coverage.

Peia Insurance is the best choice for state employees, retirees, and their dependents who are looking for affordable and comprehensive medical coverage in West Virginia.

Conclusion

Peia Insurance is a self-insured medical insurance program that provides coverage to state employees, retirees, and their dependents in West Virginia. The program offers extensive coverage at affordable rates and is funded by contributions from the state government, employees, and retirees. Peia Insurance is the best choice for medical insurance in West Virginia due to its excellent customer service and comprehensive coverage. If you are eligible for Peia Insurance, we highly recommend that you enroll in the program to enjoy its many benefits.