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Z-./ <br />Option 1 Fully Insured (current plan): <br />• Both plan designs remain the same <br />• Cost increase to the employees by 6.5% for passive PPO Option <br />Option 2 Self Funded: <br />• Both plan designs remain the same <br />• Premium cost to remain at current rate <br />• Includes cost savings of 3% ACA fully insured tax and 2% state <br />premium tax <br />• Cabarrus County will need to up front the claims for 1 month: $35,000 <br />• The up front money will be used from the health insurance fund and <br />paid back within 2 years <br />• Budget will be similar to health plan with revenue and expenditures <br />Standard Renewal Calculations - Self- funded <br />2015 - 2016 Renewal <br />Current Plan Design <br />Mature <br />Paid Claims 7/14 -6/15 <br />$334,766.00 <br />Trend 7/15 thru 6/16 - 8% <br />$361,547.28 <br />Administration <br />$40,009.06 <br />2015 - 2016 Cost <br />$401,556.34 <br />2014 - 2015 Premium <br />$414,765.60 <br />Change <br />96.82% <br />Attachment number 1 <br />F -6 <br />0 <br />Page 80 <br />