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Meeting Date 2/16/04 <br /> <br /> CABARRUS COUNTY <br />BOARD OF COMMISSIONERS <br />AGENDA ITEM REQUEST <br /> <br />Agenda Item # <br /> <br />SUBJECT: <br /> <br />Employee Health Insurance Renewal <br /> <br />BRIEF SUMMARY: <br />The annual review of employee health insurance for renewal on July 1,2004 has been <br />completed. This year, in addition to receiving quotes from a private insurer, the cost of <br />establishing a self-funded program was considered. It was found that the self-funded <br />program is considerably less expensive than continuing the existing "fully-funded" program <br />(a 12% increase in cost versus a 23% increase). <br />Additional information is attached. <br /> <br />REQUESTED ACTION: (Suggested motion if the Board approves the agenda item as presented) <br /> <br />Authorize staff to proceed with a self funded health insurance plan with Cigna serving as <br />the third-party administrator, for July 1, 2003 through June 30, 2004, and authorize the <br />county manager to execute the associated agreements, subject to review and modification <br />by the county attorney. <br /> <br />Attachments [] Yes [] No Expected Length of Presentation <br /> <br />Submitted By: Don Cummings, HR Director <br /> <br />Date: 2/4/04 <br /> <br />Budget AmendmentRequired: [] Yes [] No <br /> <br />Budget Amendment Attached and Reviewed by Budget Officer: <br /> <br />[] Yes [] No <br /> <br />County Manager's Recommendations/Comments: <br /> <br />Approval is recommended. Establishing a self-funded health insurance program is not only <br />advantageous in terms of cost, but also provides great flexibility in designing benefit <br />packages. <br /> <br />Action Taken: <br />Approved [ ] Deferred [ ] <br />Denied [] Other [] <br /> <br />Manager's Signature <br /> <br /> <br />