Rising Insurance Costs for Retired Teachers
For some retired teachers the cost of health insurance has gone up drastically. Those who stayed with the Teachers Retirement System of Texas's health plan have seen their premiums increase by more than ten-fold. Retired teacher Verna Mitchell told NewsRadio KLBJ that the drastic increase had been known for months, and her assocation tried to get the word out to its members.
What exactly is causing these costs to rise? Well, Mitchell said the culprit is a combination of rising healthcare costs and insufficient funding by the state legislature to assist TRS.