Loading...
Item H1 BOARD OF COUNTY COMMISSIONERS AGENDA ITEM SUMMARY Meeting Date: August 21, 2013 Division: Employee Services Time approx. 10:00 a.m. Bulk Item: Yes _ No X Department: Employee Benefits Staff Contact Person/Phone#: Maria Gonzalez Ext. 4448 AGENDA ITEM WORDING: Discussion and Approval of Group Health Plan changes to become effective January 1, 2014 ITEM BACKGROUND: On June 18, 2013, the County Administrator provided a presentation which showed a projection of a $1,647,182 deficit for fiscal year October 1, 2013 — September 30, 2014. Recommended changes were provided as part of the presentation. The recommended changes will offset the projected deficit by $752,792. Any remaining deficit (which is projected to be $894,390) will be taken from fund balance. Dependent premiums have not changed since 2004 and the $50 retiree rate has not changed since 2001. PREVIOUS RELEVANT BOCC ACTION: None CONTRACT/AGREEMENT CHANGES: The Group Health Plan and the Summary Document will be revised STAFF RECOMMENDATIONS: Approval TOTAL COST: N/A INDIRECT COST: BUDGETED: Yes No DIFFERENTIAL OF LOCAL PREFERENCE: Internal Service Fund COST TO COUNTY: N/A SOURCE OF FUNDS: Primarily Ad Valorem REVENUE PRODUCING: Yes_ No X AMOUNT PER MONTH Year 44' APPROVED BY: County Atty 61 OMB/Purchasing Risk Management DOCUMENTATION: Included X Not Required DISPOSITION: AGENDA ITEM# Revised 7/09 BOARD OF COUNTY COMMISSIONERS County of Monroe k Mayor George Neugent,District 2 Mayor Pro Tern,Heather Carruthers,District 3 The Florida.Keys Danny L.Kolhage,District 1 David Rice,District 4 Sylvia J.Murphy,District 5 Office of the Employee Services Division Director The Historic Gato Cigar Factory 1100 Simonton Street,Suite 268 Key West,FL 33040 (305)292-4458—Phone (305)292-M64-Fax TO: Mayor Neugent and Commissioners FROM: Teresa Aguiar,Director f Employee Services -'� DATE: July 2,2013 SUBJ: Group Health Insurance Benefit Changes This item requests approval to make changes to the Group Health Insurance Plan. At the BOCC meeting held on June 18,2013,the County Administrator provided a presentation which showed that we were facing a deficit of$1,647,182 for the 2014 fiscal year. Recommended changes were provided to you for consideration to help with the projected deficit. At this time, staff is requesting that you approve these changes. The changes being recommended are as follows and are to become effective January 1,2014 if approved: • Annual out of pocket limit From$7,500 yr To$6,350 yr(this is a mandate with PPACA) • Annual individual deductible From$300 yr To$500 yr(Family max from$600 to $1,000) 0 Emergency Room Co-pay From$75 per visit To$100 per visit • Office Visit Co-pay From$20 per visit To$25 per visit • Pharmacy Co-pay From$10 generic/$25 preferred/$70 non-preferred To $10 generic/$35 preferred/$70 non-preferred • 10%medical premium increase for those that contribute to individual and dependent coverage 0 Retiree premium: 10+years of service 65+yrs old: From $50 month To$100 month • Retiree premium: 10+years of service below 65 yrs old: From$50 To $150 month The County currently offers employees the opportunity to pay premiums on a pre-tax basis.Retirees who pay the $50.00 a month premium have not had an increase in premium since 2001. Dependent premium rates have not increased since 2004. If you have any questions,please contact me at 292-4458.