8/20/1991 - Laserfiche WebLink

Home Browse Search

Commissioner Scurlock understood then that we were under- funded but have made that up and that we will have a 2-1/2 to 3 month reserve fund. Mrs. Stanford explained that the plan design for the new year would be a fully insured health insurance policy, but funded similar to a self-insured plan where the administrative fee.is paid to the insurance company as claims occur. She estimated that the percentage of the administrative fees should be somewhere in the vicinity of 150 on this sized group. The administrative fee includes not only the claims processing part of it but all specific and aggregate stop loss as well. The administrative fee also includes the premium for reinsurance beyond certain limits so that the County's liability is limited. Commissioner Scurlock believed the most important thing we do for our employees is provide the health benefit package and that sometimes the employees don't realize what it costs to provide this particular coverage. He felt the increasing cost of medical coverage is going to become even more critical in future years as a factor in how we treat our employees and how we continue to employ a good work force. Chairman Bird asked Administrator Chandler what the proper Motion would be, and Administrator Chandler advised that today's Motion would be to approve the plan as submitted by Mary Stanford. Staff will be coming back to the Commission with the specific agreements with Anthem and with the PPOs. In addition, there is a question of whether there should be a local agent involved, and, if so, at what expense. We are still pursuing that part of it and will be bringing that back also. ON MOTION by Commissioner Scurlock, SECONDED by Commissioner Eggert, the Board unanimously approved the County's health benefit program, as submitted by Mary Stanford of Stanford & Company. AUG ® � �� 35 BOOK F'A.Uc