Daniel Holloway Executive Editor, TVSAG-AFTRA’s health plan announced changes Wednesday night that would see premiums for members increase and rules around eligibility tighten.
The changes are, according to a memo sent to union members Thursday night, in response to projected deficits in the tens of millions of dollars for 2020 and 2021.“Without restructuring the Health Plan, we are projecting a deficit of $141 million this year and $83 million in 2021 and, by 2024, the Health Plan is projected to run out of reserves,” the memo said. “We must prevent this from happening.”According to the memo, increasing healthcare costs and the shutdown of the entertainment industry have contributed to the health plan’s dire situation.
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