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AG 2004 02 16
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AG 2004 02 16
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Last modified
3/9/2006 9:18:58 PM
Creation date
11/27/2017 11:37:18 AM
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Meeting Minutes
Doc Type
Agenda
Meeting Minutes - Date
2/16/2004
Board
Board of Commissioners
Meeting Type
Regular
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previous comments, this can be established in the first t~w months or'the 2004 - <br />2005 plan year, when the claims are expected to be low. <br /> <br />Below is the recommended self-funded option: <br /> <br /> Option 13 <br /> CIGNA CIGNA <br /> 2004-2005 Costs 2004-2005 Costs <br /> HMO - Current Plan POS - Current Plan <br />Specific Stop-loss/Pooling Point $100,000 $100,000 <br />Network Access Fee $12.00 $12.00 <br />UM, Disease M~t., P .harmac;y $0.00 $0.00 <br />Plan Administration Fee $26.88 $26.88 <br />Specific Stop-loss (12/12) $100k $17.59 $17.59 <br />Aggregate Stop-loss 125% $2.17 $2.17 <br />Total Administration Fees (A) $58.64 $58.64 <br />Expected Monthly Claims/ce/ruth $447.15 $447.15 <br />Expected Monthly Cost/ee/mth $505.79 $505.79 <br />Claims Mar$in/ee/mth $111.79 $I 11.79 <br />Maximum Claim Liability (B) $558.94 $558.94 <br />Total Liability (A + B) $617.58 $617.58 <br />EmpLoyees 640 18 <br />Estimated Monthly Cost $323,705.60 $9,104.22 <br />Annual Estimated Cost $3,884,467.20 $109,250.64 <br />Total $3~993~717.84 <br />Increase over Current 106,90% <br />Monthly Maximum Cost $395,249.60 $11,116.40 <br />Annual Maximum Cost $4,742,995.20 $133:396.74 <br />Total $4,876,391.94 <br />Increase over Current 130.53% <br /> Suggested Rates <br /> 112.00% Overall <br />Recommended Budgeted Rates HMO POS <br />Employee $460.60 - County Cost $47.00 <br />Spouse $382.00 $497.00 <br />Children $ 301. O0 $407.00 <br />Family $672.00 $902.00 <br /> <br />4 <br /> <br /> <br />
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