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specialty medications. Projected potential savings range from 4.5% to 8.9%. A PBM Market <br />Savings Summary of the various proposals is attached. <br />While there are potential financial savings that could be realized by selecting another P M, the <br />disruption to our covered members would be impactful. Therefore, staff is recommeficling that <br />we continue with RXBenefits and Express Scripts under improved pricing. The es ' ated annual <br />savings is $449,543 or 7.3%. <br />Affordable <br />Offering affordable and competitive benefits is an important part of o F recruitment and <br />retention strategy. Establishing the proper funding and maintainin ffordable health <br />coverage options is an ongoing consideration. <br />Employer Contribution - Staff is recommending an increase igAhe employer contribution for <br />both the Premier Silver and Premier Gold plans by $50 a m nth for both single and family <br />coverages. This will provide an additional $1,007,400 in f nding leaving a remaining FY21/22 <br />funding shortfall of $553,600. <br />Employee Premium - Additionally, in order to megt'the projected funding, staff is <br />recommending an increase in the Premier Gold an employee premiums of $10 per month for <br />single coverage and $20 per month for family overage. This will generate an additional <br />$247,920 in funding and reduce the projecte FY21/22 funding shortfall to $305,680. There is <br />no increase in the Premier Silver Plan employee premiums. <br />The recommended 10/1/2021 premiur <br />,As are: <br />Option 1 Provides $1,201,320 in Afiditional Funding <br />Increase in Employer <br />Both Plans & Employee in <br />Gold Only <br />/ <br />10/121 Monthly <br />Employee Premium <br />10/1/21 Monthly <br />Employer Premium <br />10/1/2021 Total <br />Monthly Premiums <br />Premium Silver Single <br />$15.00 <br />$750.00 <br />$765.00 <br />Premier Silver Family <br />$207.50 <br />$1,155.00 <br />$1,362.50 <br />Premier Gold Single <br />$120.00 <br />$750.00 <br />$870.00 <br />Premier Gold Family/ <br />$420.00 <br />$1,155.00 <br />$1,575.00 <br />The recomm ded premiums without an employee increase are: <br />Option 2 Prdvides $1,007,400 in Additional Funding <br />No Incre �4 in Employee <br />Premiums <br />10/1/21 Monthly <br />Employee Premium <br />10/1/21 Monthly <br />Employer Premium <br />10/1/2021 Total <br />Monthly Premiums <br />Pre ium Silver Single <br />$15.00 <br />$750.00 <br />$765.00 <br />P -emier Silver Family <br />$207.50 <br />$1,155.00 <br />$1,362.50 <br />Premier Gold Single <br />$110.00 <br />$750.00 <br />$860.00 <br />DR <br />