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Item H3 BOARD OF COUNTY COMMISSIONERS AGENDA ITEM SUMMARY Meeting Date: October 16, 2013 Division: Employee Services Time approx. 10:00 a.m. Bulk Item: Yes _ No X Department: Employee Benefits Staff Contact Person/Phone#:Teresa Aauiar Ext.4458 AGENDA ITEM WORDING: Discussion and Approval of Group Health Plan changes to become effective January 1, 2014. ITEM BACKGROUND: On April 17, 2013, Gallagher Benefit Services, the County's Health Insurance Consultant, provided a presentation which showed that the Group Health Program would be facing a deficit of approximately $1,647,182 next fiscal year (October 1, 2013 — September 30, 2014). On June 18, 2013, the County Administrator provided a presentation which included recommended plan changes to help offset the deficit. The recommended changes will offset the projected deficit by approximately $752,792. Any remaining deficit (which is projected to be approximately $894,390) will be taken from fund balance. On August 21, 2013, the recommended changes were again presented to the BOCC. The BOCC requested that staff bring back information which showed the approximate revenue if all employees contributed towards their own health insurance. Currently, employees hired on or after 5/1/12 contribute $50.00 per month and those employees hired before that day contribute $0 towards their health insurance. On September 17, 2013, the additional information requested by the BOCC at the meeting of August 21, 2013 was presented to the BOCC. The BOCC requested additional information be brought back to them for further discussion. PREVIOUS RELEVANT BOCC ACTION: None CONTRACT/AGREEMENT CHANGES: The Group Health Plan and the Summary Document will be revised along with Resolution#354-2003 (Retiree Resolution) if appropriate. 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 APPROVED BY: County Atty yo%/Purchasing Risk Management DOCUMENTATION: Included X Not Required DISPOSITION: AGENDA ITEM# Ci iANGE C1.)RRim'I NT i)RQP SI1iD APPROX. SAVINGS (1/1/1 —9/3 /1 Deductible increase $300 $500 $191,399 $200 per year Deductible increase $300 $400 $120,901 $100 per year Deductible increase $300 $450 6 ,244 $150 per year Coinsurance increase 25%in network/55% 30%in network/60% $194,269 out of network out of network ER Copay increase$25 $75 $100 $21,700 OV Copay increase$5 $20 $25 $47,534 per visit OV Copay(PCP/SCP) per $20/$20 $25/$35 $89,459 visit Pharmacy Copay $10/$25/$70 $10/$35/$70 $152,607 increase preferred tier $10 Pharmacy Copay $10/$25/$70 $10/$30/$70 $85,249 increase preferred tier $5 Chi iIE E RE Ei'-i"r ILIRREN I. PR0IIROSED 5%premium increase Employee (Hired $50 $53 for those who currently 5/1/12+) contribute to individual and dependent coverage Spouse only $353 $371 Spouse+1 child $470 $494 Spouse+2 children or $529 $555 more 1 child $238 $250 2 children $282 $296 3 children $351 $369 4 children $468 $491 5 children or more $529 $555 OEM SAVINGS / / C11ANGE OENEF"i.r CURRENT PROPOSED SED 10%premium increase Employee (Hired on or $50 $55 for those who currently after 5/1/12) contribute to individual and de pendent coverage Spouse only $353 $388 Spouse+ 1 child $470 $517 Spouse+2 children or $529 $582 more 1 child $262 2 children $310 3 children $351 $386 4 children $468 $515 5 children or more $529 $582 SAVINGS(1/1/14— / /1 ) —114,552 CHANGE (":EiRRi'"z;IRE 14101)OSED SAVE N GS(1/1/1 — / /14) Retiree premium $50.00 $75.00 $82,845 increase$25 per month Retiree premium $50.00 $100.00 $164,970 increase$50 per month Retiree (10+YOS) age $50.00 $100.00 i 65 and older(Medicare eligible, ESRD* and/or Total Disability under Medicare) *end stage renal disease Retiree (10+YOS) under $50.00 $150.00 $225,000 age 65 years old and not eligible and/or entitled to Medicare Retiree (10+YOS) 65 $50.00 $75.00 years old and older Retiree (10+YOS) under $50.00 $100.00 $112,712 65 years old CHANGE" CIEIItREl' I PROPOSED SAVINGS(1/1/14— ) $50 premium increase $0 $50 $490,950 for employees hired prior to 5/1/12 $25 premium increase $0 $25 $245,475 for employees hired prior to 5/1/12 Premium increase for $0(hired before $100 $1,048,500 all employees 5/1/12) * $50(hired on or after 5/1/12) Department rate $790 per employee per $830 per employee per $583,104(12 months) increase 5% month month Department rate $790 per employee per $869 per employee per $1,151,712 (12 months) increase 10% month month Total savings from cost-saving changes: $752,792 Contribution from fund balance: $894,390 Total amount of deficit to be covered: $1,647,182