I extend a New Year 2024 greeting to all PCABP policyholders with hope and good health!!
By inaugurating our www.ajacpanama.org web page in our 2nd year, this becomes the official information site for all the activities that we carry out from now on. Our objective is to reach each of our policy holders and keep them up to date on all changes being made.
As has been said, our plan is in RED and we are in austerity. The loss in 2022 were $24m and in 2023 another $26m. This deficit was covered by the plan´s contingency reserve (CR) administered by OPM. The changes announced by AXA-Assistance are to reduce our dependence on the CR by 50% and extend the life of the plan.
We must cooperate in all changes to the PCABP, that represents savings and extends the life of our plan.
The alternatives of changing to another Federal Plan are not feasible because they have deductibles and require co-payments.
Finally, we would like to receive your comments and recommendations to improve our Newsletter and assure that the information reaches our policy holders in the Districts of: Panama, San Miguelito, Colón, Panama Oeste, the central provinces and the Highlands in Chiriquí.
¡Thanks!
Julio A. Cisneros. E
President
