Medicare System Changes Coming

Thousands of retired public employees will have to pay more of their health care costs starting in 2022 after trustees for the Ohio Public Employees Retirement System vote to reduce health care benefits. Those changes include cutting the monthly allowance paid to retirees who are eligible for Medicare. The changes will result in cuts in health benefits for 304,000 workers when they retire and 213,000 current retirees. Without the changes, the retirement system projected its $11.3 billion health care fund would run out of money by 2030.