Public Hearing: YES ☐ NO ☒ Department: Finance - Risk Management
SUBJECT:
Title
Commission District(s): All Commission Districts
Group Health & Wellness Benefits effective July 1, 2020
Body
Information Contact: Dianne McNabb, Chief Financial Officer
Phone Number: 404-371-2745
PURPOSE:
To approve group health benefits and rates for new plan year commencing July 1, 2020.
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, 2020.
The proposed healthcare costs have been reviewed by the ERPS Committee.
FISCAL IMPACT:
For medical only (self-funded plus fully-insured), the County portion is $64.8M, assuming the active 5% and early retiree 17%+ increases. Overall, $77M not including surcharges.
RECOMMENDATION:
Recommended Action
1. Choose an item and add the information stated in the Purpose above. Recommend approval of contribution changes as outlined below:
a. Increase of 5.0% for Active employees ($3.7M expected increase - reduced to $3.0)
b. Increase for Early Retirees as follows: 17.5% to the Anthem plans, 17.3% to the Kaiser HMO, and 6.0% to the Kaiser HSA.
2. No plan design changes.
3. Recommend overall healthcare budget increase of 4.7% (2.5% self-funded and 6.0% fully-insured w/ Kaiser).
4. Authorize the Chief Executive Officer to execute all necessary documents.
*PEPM - per employee per month