Public Hearing: YES ☐ NO ☒ Department: Finance - Risk Management
SUBJECT:
Title
Commission District(s): All Commission Districts
2027 Medicare Retiree Rates
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 the new plan year commencing January 1, 2027.
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, 2026.
FISCAL IMPACT:
Annual Premium: $8,492,000.00
RECOMMENDATION:
Recommended Action
1. Approve Aetna’s/CVS’s proposed 2027 Medicare retiree rate of $238.81; up from the current $223.64. a) No changes in plan design or Medicare-retiree contributions 2. Approve Kaiser’s proposed 2027 Medicare retiree rate of $224.55 PMPM, up from the current $222.59. a) No changes to Medicare retiree contributions b) Proposal includes minimal mandatory plan design changes. Authorize the Chief Executive Officer to execute all necessary documents.