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/'at? <br />DEPARTMENTAL MATTERS <br />INDIAN RIVER COUNTY <br />MEMORANDUM <br />To: Jason Brown <br />County Administrator <br />From: Suzanne BoyII'" <br />Human Resources Director <br />Date: May 28, 2019 <br />Subject: Medical and Pharmacy Benefit — Recommendations for Plan Year 2019/20 <br />Background <br />Indian River County provides employee and retiree group health insurance through a partially <br />self-insured plan. Health insurance is available to full-time employees (budgeted at 30 hours per <br />week or more) and eligible retirees of the Board of County Commissioners and the respective <br />Constitutional Officers (Sheriff, Property Appraiser, Tax Collector, Clerk of Courts, and the <br />Supervisor of Elections) to include their eligible dependents. Medical and pharmacy claims and <br />plan administration expenses are funded from contributions made by employer and <br />employee/retiree contributions. The County purchases stop loss insurance for extraordinary and <br />aggregate claims experience to protect against high cost claims. <br />The health insurance plan is an essential part of the employee benefit package and important to <br />recruitment and retention efforts. The County has engaged the services of a professional <br />benefits consultant, Lockton Companies, to review plan experience and provide <br />recommendations to maintain a benefits package that is: <br />✓ Affordable <br />✓ Competitive <br />✓ Sustainable <br />The current funding for the employee health insurance program is: <br />County Retiree Group Insurance Benefits - Under Florida Statute 112.0801 "retirees and their <br />eligible dependents shall be offered the same health and hospitalization insurance coverage as is <br />offered to active employees at a premium cost of no more than the premium cost applicable to <br />182 <br />Total <br />Monthly <br />Employer <br />Monthly <br />Employee <br />Monthly <br />Employee <br />Only <br />$685.00 <br />$635.00 <br />$50.00 <br />Family <br />$1,142.50 <br />$875.00 <br />$267.50 <br />County Retiree Group Insurance Benefits - Under Florida Statute 112.0801 "retirees and their <br />eligible dependents shall be offered the same health and hospitalization insurance coverage as is <br />offered to active employees at a premium cost of no more than the premium cost applicable to <br />182 <br />