SUBSTITUTE
Public Hearing: YES ☐ NO ☒ Department: Finance - Risk Management
SUBJECT:
Title
Commission District(s): All Commission Districts
Group Health & Wellness Benefits effective July 1, 2024
Body
Information Contact: Larry Jacobs, Asst. Finance Director
Phone Number: 404-371-2050
PURPOSE:
To approve group health benefits and rates for new plan year commencing July 1, 2024.
NEED/IMPACT:
To ensure the County is offering an affordable and valuable health plan for employees and retirees. The plan year for County employees and pre-65 retirees expires June 30, 2024.
The proposed healthcare costs have been reviewed by the ERPS Committee.
FISCAL IMPACT:
$121.6 million estimated gross costs for the new plan year.
RECOMMENDATION:
Recommended Action
No rate increases for County employees for Medical and Dental plans.2. Pre-65 Retirees only: Approve a 9.6% rate increase for Kaiser and a 11.8% rate increase for Anthem.3.Approve a $1,000 decrease for single and $2,000 decrease for family coverage in the out-of-pocket maximum for the self-funded plan