The University of Maine System is expecting to generate $2.5 million in annual savings through a change in health insurance coverage for retired employees that it says will expand benefits and provide more flexibility, despite recent concerns raised by former employees and lawmakers about the change.
In a letter to state lawmakers Wednesday, system Chancellor Dannel Malloy said no U Maine System retiree or their spouse will lose health care benefits as the system prepares to change from a group benefits plan to a Medicare exchange.
“The actions we are taking will greatly expand the benefits available to our retirees even as they permit UMS to manage its limited public resources more efficiently,” Malloy said. “We are fully committed to our retirees and will simply not allow this transition to result in any retiree losing supplemental coverage.”
The letter goes on to say that the health insurance change is expected