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AG 2017 03 20
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AG 2017 03 20
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Last modified
3/22/2017 9:00:14 AM
Creation date
11/27/2017 10:27:45 AM
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Template:
Meeting Minutes
Doc Type
Agenda
Meeting Minutes - Date
3/20/2017
Board
Board of Commissioners
Meeting Type
Regular
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Proposal 3: OAP Plan HRA Elimination <br /> Based on the higher cost of this plan design and the higher administrative costs coupled with <br /> lower use for this particular benefit, we recommend eliminating the $225 Health Reimbursement <br /> Account contribution for FY2018. <br /> Planned effect: <br /> The impact on the renewal from this adjustment is an estimated savings of 1.05%. <br /> Proposal 4: OAP Plan Deductible Increase <br /> The deductible for the OAP plan is currently $1,000 for employees. We recommend moving this <br /> to $1,500 for employees bringing it to the same level as the HSA plan deductible. <br /> Planned effect: <br /> This adjustment will help offset the need for a premium increase to employees selecting the <br /> OAP plan. The impact will be experienced by employees with higher claims this year but will not <br /> be spread among all 600+ employees on this plan. <br /> No other premium rate or plan design changes are recommended beyond these items for <br /> FY2018. The new renewal rate increase with these adjustments will be 1.72%. <br /> Attachment number 1 \n <br /> F-7 Page 103 <br />
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