Public Hearing: YES ☐ NO ☒ Department: Finance - Risk Management
SUBJECT:
Title
Commission District(s): All Commission Districts
2024 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, 2024.
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.
FISCAL IMPACT:
See Attachment
RECOMMENDATION:
Recommended Action
1. Approve Aetna’s proposed 2024 Medicare retiree rate of $204.46 PMPM, up from $193.96; with no plan changes. 2. Approve Kaiser Permanente’s proposed 2024 Medicare retiree rate of $201.72 PMPM, up from $193.96 with no plan changes. Authorize the Chief Executive Officer to execute all necessary documents.