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MEMORANDUM <br />Human Resources Department <br />To: Board of Commissioners <br />From: Lundee Covington, HR Director <br />Johanna Ray, Health & Wellness Manager <br />cc: Mike Downs, County Manager <br />Terri Hugie, Clerk to the Board of Commissioners <br />Date: February 28, 2018 <br />Subject: Health Insurance Renewal FY2019 — March Meeting Agenda <br />The County current provides health coverage to over 1,000 employees and 1,400 covered lives <br />offering two plan, a traditional "Open Access Plan" (OAP) and a Consumer Directed Plan with a <br />Health Savings Account (HSA). Approximately 50% of our employees are on the OAP plan. <br />The health insurance budget for FY2018 was $10,280,818. The renewal quote provided by our <br />broker, Mark III calls for a 1.71% increase for FY2019, $10,860,475. <br />No other premium rate or plan design changes are recommended beyond these items for <br />FY2019. The new renewal rate increase with these adjustments will be 1.71 %. <br />To help maintain renewal rate in the future, we recommend an eligibility audit: <br />Proposal: <br />To implement an eligibility audit in FY 19 to ensure the accuracy of dependents on the plan are <br />eligible for the health insurance. Under the audit, enrollees will be required to provide <br />documentation to verify the eligibility of their dependent(s). If enrollees do not send correct <br />documents in the timeframe requested, the insurance coverage for those dependents will be <br />terminated. <br />65 Church Street BE (28025) • P.O. Box 707 Concord, NC 28026-0707 <br />Phone: 704.920.2200 • Fax: 704.9n�rnyR4�' <br />2�0.22250 <br />Website: w .cabarruscwtnumber2to <br />F-8 Page 74 <br />