Public Hearing: YES ☐ NO ☒ Department: Finance - Risk Management
SUBJECT:
Title
Commission District(s): All Commission Districts
2023 Medicare Retiree Health Renewals
Body
Information Contact: Larry Jacobs, Deputy 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, 2023.
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, 2023. The proposed healthcare costs and plan designs have been reviewed by the ERPS Committee.
FISCAL IMPACT:
Estimated annual cost is $6.5 million.
RECOMMENDATION:
Recommended Action
1. Approve Aetna’s proposed 2023 Medicare retiree rate of $198.99 PMPM, down from $229.72; with no plan changes. 2. Approve Kaiser Permanente’s proposed 2023 Medicare retiree rate of $193.96 PMPM; no change from the current year 2022 rate; with no plan changes.
Authorize the Chief Executive Officer to execute all necessary documents.