From 2026, the Florida employee Group Health Self Insurance Trust Fund plans to run a deficit unless several changes are made.
This program is a self -insurance health insurance plan managed by the Ministry of Management (DMS) paid by the state employees, their dependents and their retirement for health insurance submitted.
The government’s Watchdogs and Tax Payer’s Institute’s Reporting State Tax Watches outlines where the program is heading and what changes need to be made for Solvencies.
The current number indicates that the trust fund is expected to remain as a solvent until the end of 2024-25, but the cash balance at the end of FY2025-26 was minus $ 421 million. It is predicted that there is, and it has increased to $ 1.5 billion. The end of 2028-29. The latest financial outlook for Trust Fund covers the fiscal year by June 30, 2024 until June 30, 2029.
Tax watch says that the state is facing the bent bent deficit. From 2026 to FY2027, Florida is expected to look at a $ 2.8 billion budget deficit. In addition, the shortage of $ 6.9 billion worsens from 2027 to FY2018.
To maintain Solvencies in the trust fund, you will need more $ 966 million.
“Predicted budget deficit (parliament needs to make several difficult choices, and you need to reduce budget reduction by waiting for the expected deficit to take action to take action. “Tax Watch said.
Over the past few decades, the cost of health insurance that can be used through the State Group Insurance Program (SGIP) has doubled. The annual insurance premium paid by the sub -scriver for one person and family compensation has not been changed over this period and paid an additional cost to the state.
