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CABARRUS COUNTY <br />BOARD OF COMMISSIONERS <br />AGENDA ITEM REQUEST <br />Meeting Date 3/12/07 <br />Agenda Item # ~ ~ ~ <br />SUBJECT: <br />Increase Premium for Health Insurance <br />BRIEF SUMMARY: <br />The County has funded the medical plan at $445 per employee per month since the <br />2004-2005 plan year. In the 2005-2006 plan year, the claims for the medical plan <br />increased by 12%. In the current plan year, there has been a 0% increase in medical trend <br />that has coincided with the creation of the Employee Health Center. While the experience <br />has continued to improve in 2006-2007, CIGNA recommends an increase of 17%. Given <br />the county medical insurance reserve, Mark III Brokerage is agreeable to an increase of <br />13%. <br />REQUESTED ACTION: (Suggested motion if the Board approves the agenda item as presented) <br />Staff concurs with the recommended total plan increase of 13% with no change in the <br />benefit design, nor an increase in employee contributions to dependent coverage. The <br />result of the recommendation for the medical plan is an increase in County funding of 15% <br />to $512 per employee per month and a 0% increase in employee contributions. <br />Attachments ^X Yes ^ No Expected Length of Presentation <br />Submitted By: Johanna RaylHealth and Wellness Manager Date: 3/5/07 <br />Name /Job Title <br />Budget Amendment Required: ^ Yes ^ No <br />Budget Amendment Attached and Reviewed by Budget Officer: ^ Yes ^ No <br />County Manager's Recommendations/Comments: <br />This item was approved by the Board for inclusion on the Agenda as a Consent item. <br />Approval is recommended. <br />Action Taken: <br />Approved [ ] Deferred [ ] <br />Denied [ ] Other [ ] <br />(' - a..~, <br />