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S. County AdministratorBOARD OF COUNTY COMMISSIONERS AGENDA ITEM SUMMARY Meeting Date: November 15, 2006 Division: County Administrator Bulk Item: Yes _ No X Department:, County Administrator Staff Contact Person: Connie Cvr AGENDA ITEM WORDING: Discussion and approval of the Board of County Commissioners monthly meeting dates for 2007. ITEM BACKGROUND: At the November 20, 2006 BOCC meeting, the Board confirmed the scheduling of monthly one -day meeting, if possible, beginning at 9:00 A.M., on the third week of each month, on Wednesday/Thursday. At the November 16, 2005 BOCC meeting, the Board confirmed the sace scheduling scenario for 2006. Attached is a comparison chart showing dates for the second week and third week of month for consideration by the Board. PREVIOUS RELEVANT BOCC ACTION: As stated above. CONTRACT/AGREEMENT CHANGES: N/A STAFF RECOMMENDATIONS: Approval as normally done by November of each year. TOTAL COST: -0- BUDGETED: Yes No COST TO COUNTY: -0- SOURCE OF FUNDS: REVENUE PRODUCING: Yes No AMOUNT PER MONTH Year APPROVED BY: County Atty DOCUMENTATION: Included DISPOSITION: Revised 8/06 OMB/Purchasing x Not Required Risk Management AGENDA ITEM # � O U N O M i � � � Ski M 7�i C C C C�j N s. O CACA N s• O N C-j O N s• O N N N N cd N oo � Cj U C�j -- -- N U U O N N ti w � M C�j N Cj zs C�jCj to The dates for the NACO meetings are as follows: Legislative Conference in Washington, DC -March 3 — 7, 2007 Annual Conference in Richmond, Virginia -July 13 — 17, 2007 The dates for the Florida Association of Counties are as follows: Annual meeting in Walton County - June 27 — June 30 Legislative Conference — November 29 — December 1 The dates for the South Florida Regional Planning Council are as follows: Meetings are at their office - The first Monday of the month The dates for the Alliance for Aging are as follows: Meetings are at their office - Board meetings - Third Monday of month The dates for the National Hurricane Conference is April 2 — 6, 2007 in New Orleans, La The dates for the Governor's Hurricane Conference is May 14 — 18, 2007 in Ft. Lauderdale, FL BOARD OF COUNTY COMMISSIONERS AGENDA ITEM SUMMARY Meeting Date: November 15, 2006 Division: County Administrator Bulk Item: Yes _ No x Department:, County Administrator Staff Contact Person: Connie Cyr AGENDA ITEM WORDING: Presentation by South Florida Water Management District on "Status of the blue-green algae bloom in Florida Bay" ITEM BACKGROUND: N/A PREVIOUS RELEVANT BOCC ACTION: N/A CONTRACT/AGREEMENT CHANGES: N/A STAFF RECOMMENDATIONS: N/A TOTAL COST: -0- BUDGETED: Yes No COST TO COUNTY: -0- SOURCE OF FUNDS: REVENUE PRODUCING: Yes No AMOUNT PER MONTH Year APPROVED BY: County Atty OMB/Purchasing Risk Management DOCUMENTATION: Included Not Required DISPOSITION: Revised 8/06 AGENDA ITEM # S � fLOR/n 00 n �D z 03 ru D D m m z n a A'✓ a 4. n 0 C t i Q co IC"Co C O o f' a = !D i �O CL m% y 3 O d % 7 S7 0 ro� o 0 m� rl i `hJJ A r s � z � 40 i •r L a i X .. .. ............. ..Nip � '� `Yll�. 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CA v 0. a m N -n 0 0 r* 0 r-f O cn 'n v C v 0 v CD m -n n 0 z D D z O CD 0 O CD -s w T a t r� IN a ,�r� ' t yl i �:, •' f3; 49 NO a L cn v `G 3 CD 0- CD N O N O O CJl BOARD OF COUNTY COMMISSIONERS AGENDA ITEM SUMMARY Meeting Date: November 15, 2006 Bulk Item: Yes No X Division: County Administrator Staff Contact Person: Tom Willi AGENDA ITEM WORDING: Discussion of actuarial findings regarding amendment to Health Plan Document to add language and allow employees to waive the County's group health insurance benefits. ITEM BACKGROUND: It has been brought to Administration's attention that employees wish to waive the County's medical coverage due to them having other medical coverage available (Retiree from another agency, military spouse, Medicare, etc.). Florida Statute 627.4235 requires that the Employer be the primary insurer, therefore, the employee must officially waive the option of insurance coverage in order to use other available coverage. PREVIOUS RELEVANT BOCC ACTION: At the October 18, 2006, the BOCC directed that an actuarial study be done to determine the impact to the health plan if this option was offered to employees. Attached is the actuary from Gallagher Benefit Services, Inc. dated November 6, 2006. The findings show that approximately 50 employees would opt out of the plan and the cost estimate would be between $200,000 and $400,000 annually. CONTRACT/AGREEMENT CHANGES: Amendment to the Health Plan Document to be presented at following BOCC meeting if Item is approved. STAFF RECOMMENDATIONS: Based upon the actuary of excess cost staff recommends withdrawal of the previous recommendation to allow employees to waive the County's group health insurance benefits. TOTAL COST: est. between $200,000 - $400,000 BUDGETED: Yes No x COST TO COUNTY: N/A SOURCE OF FUNDS: N/A REVENUE PRODUCING: Yes No x AMOUNT PER MONTH Year APPROVED BY: County Atty OMB/Purchasing Risk Management _ DOCUMENTATION: DISPOSITION: Revised 8/06 Included X Not Required AGENDA ITEM # Gallagher Benefit Services, Inc. -- November 6, 2006 A Subsidiary of Arthur J. Gallagher & Co. Ms. Maria Z. Fernandez Monroe County Group Insurance Administrator 1100 Simonton St., Room 2-268 Key West, FL 33040 Re: Impact of Allowing Employees to Opt Out of Medical Plan Dear Maria: As you requested, I analyzed the financial impact on the County's health plan of allowing employees to opt out of the plan, Using the assumptions set out below, I have concluded that allowing employees to opt out poses a financial risk to the plan that I estimate to be between $200,000 and $400,000 annually. My best estimate is that is would be closer to $200,000 than $400,000. Key Assumptions In conducting the analysis, I made the following key assumptions; • There would be no financial incentive for employees to opt out. The County will not be offering any cash or opt out credit. • The only employees likely to take advantage of this offer would be those with single coverage. An employee who is already paying to cover one or more dependents is unlikely to drop their coverage if there is no financial incentive to do so. When given this option, very few employees would elect to opt out. Since a single employee does not pay anything for this coverage today, opting out will appeal only to that group that has what they consider to be better coverage at little or no cost from another source. In most cases, even those employees are better off staying in the County plan and having their preferred coverage be secondary. I expect that when faced with the decision, most will elect to remain with the County's plan. Results Using these assumptions, I ran a number of scenarios assuming different levels of employees opting out, and using different assumptions about the health of those employees. The usual danger with allowing or encouraging employees to opt out is that the healthy are far more likely to leave than the sick, so you wind up with a remaining risk pool that is, on average, more costly. In the County's case, we have an additional risk in that the current Department rate of $790 per month used to fund the plan is greater One Boca Place 2255 Glades Road, Suite 400 E Boca Raton, FL 33431 561.996.6706 Fax 561.996.6708 www.ajg.ccm than the average cost of a single employee, which I estimate to be $685 per month. Under this funding structure, even if the employees who opt out have "average" costs, the plan will lose more in funding than it will gain in reduced costs. With no cash benefit for opting out, I don't see much of an incentive for even healthy employees to leave. If they don't currently pay anything, and they don't stand to get anything in return for giving up their coverage, even the healthy have nothing to gain by leaving the plan. The only real reason I see for anyone to drop the coverage is to avoid the hassle of having to deal with two insurance plans if their other available coverage is perceived to be richer. Despite this, I ran some scenarios that assumed those opting out were substantially healthier than average to see how that would affect the plan. In terms of annual plan cost, letting employees leave the plan can only result in a decrease, since you aren't giving up any employee contributions, and even if they have no claims you would at least save the fixed costs associated with them. If it were the healthier employees who leave, however, you would wind up with inadequate funding rates since you would see an increase in the average cost for the lives remaining in the plan. My best guess is that the average cost per employee would increase by 2% to 3%, and that would be the extent of the under funding. Under some of the scenarios I ran, it could go as high as 5% to 6%, but I really don't believe the combination of opt out percentage and assumed health status of those opting out that went into those scenarios are realistic. My best guess is that approximately 50 employees would elect to drop their coverage. Based on the current $790 department rate, that would result in a loss of revenue of $474,000 per year, Depending on the actual health status of the 50 lives, I expect the claim cost reduction would be between $100,000 and $200,000. Even with the fixed costs savings, the net loss to the plan would be between $250,000 and $350,000. Other Considerations It is possible that more than 50 employees would opt out of the plan, but I would be surprised if the final total was much higher, I expect that is something that seems like a good idea to the employees until they actually have to make the decision to leave the plan. If the number is higher, the resulting cost to the plan will be potentially greater, although I expect that the marginal cost per employee will decrease as the number of lives opting out increases. Another potential risk is the possibility that some employees may opt out of the plan for now, but elect to return to the plan if they run into large medical expenses in the future. At that point, the County plan would once again be primary for them. It is difficult to quantify the potential long-term risk of this type of selection, but it is another thing to keep in mind. Offsetting some of this risk, it is possible that some of the lives that would opt out would be older (and therefore more costly) than the average, since the source of alternate coverage may be related to long-term service with another employer. I think it is also possible that any employee willing to pay for another coverage because it is perceived to be richer than their current free coverage may also be more likely to be a higher than average user of the plan. These factors influenced my choice of morbidity assumptions related to the lives opting out of the plan. Overall, Maria, I do see some risk to the County in letting employees opt out of the plan, even though I believe that the number of employees that ultimately opt out would be relatively small. I expect the lost revenue based on the reduced enrollment would exceed the reduce claim and fixed costs by between $200,000 and $400,000 annually. The County would have to raise the Department rate, the employee contributions, or some combination of both, to make up this shortfall. PIease let me know if you have any questions about these findings. Sincerely Glen R. Volk, A, AAA Vice President & Consulting Actuary cc: Teresa Aguiar