The OPERS Board of Trustees adopted a new Medicare Gap amount for 2009 at its meeting on October 23rd. The amount changed from $110.45 for 2008 to $109.63 for 2009. This adjustment is made before January 1st of each year for retirees who retire that calendar year.
The calculation is based upon the difference between the average of the non-Medicare supplement premiums and the average of the Medicare supplement premiums for all health insurance plans offered by the Oklahoma State and Education Employees Group Insurance Board.
For more information on the Medicare Gap Benefit Option and to view the brochure, click here.