Public Hearing: YES ☐ NO ☒ Department: Finance - Risk Management
SUBJECT:
Title
Commission District(s): All Commission Districts
2022 Medicare Retiree Health Renewals
Body
Information Contact: Larry Jacobs, Assistant Director of Finance/Risk Management
Phone Number: 404-371-2050
PURPOSE:
To approve Medicare-retiree group health benefits and rates for new plan year commencing January 1, 2022.
NEED/IMPACT:
To ensure the County is offering an affordable and valuable health plan for Medicare-eligible retirees. The plan year for Medicare-eligible retirees expires December 31, 2021. The proposed healthcare costs and plan designs have been reviewed by the ERPS Committee
FISCAL IMPACT:
See Attachment
RECOMMENDATION:
Recommended Action
1. Approve Aetna’s proposed 2022 Medicare retiree rate of $229.72 PMPM; down from $231.72. Including the following plan enhancements:a. Lower plan annual deductible from $350 to $250.2. Approve Kaiser Permanente’s proposed 2022 Medicare retiree rate of $193.96 PMPM, down from $204.01.3. Accept the proposed retiree Dental rates with a 4.55% increase over current rates, guaranteed for two years (January 2022 - December 2023) previously approved by the BOC as part of the FYE2022 budget. No contribution increase for retirees. Authorize the Chief Executive Officer to execute all necessary documents.