Laserfiche WebLink
specialty medications. Projected potential savings range from 4.5% to 8.9%. A PBM Marketing <br />Savings Summary of the various proposals is attached. <br />While there are potential financial savings that could be realized by selecting another PBM, the <br />disruption to our covered members would be impactful. Therefore, staff is recommending that <br />we continue with RXBenefits and Express Scripts under improved pricing. The estimated annual <br />savings is $449,543 or 7.3%. <br />Affordable <br />Offering affordable and competitive benefits is an important part of our recruitment and <br />retention strategy. Establishing the proper funding and maintaining affordable health <br />coverage options is an ongoing consideration. <br />Employer Contribution - Staff is recommending an increase in the employer contribution for <br />both the Premier Silver and Premier Gold plans by $50 a month for both single and family <br />coverages. This will provide an additional $1,007,400 in funding leaving a remaining FY21/22 <br />funding shortfall of $553,600. <br />Employee Premium - Additionally, in order to meet the projected funding, staff is <br />recommending an increase in the Premier Gold Plan employee premiums of $10 per month for <br />single coverage and $20 per month for family coverage. This will generate an additional <br />$247,920 in funding and reduce the projected 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 premiums are: <br />Option 1 Provides $1,255,320 in Additional Funding <br />Insleik inXrnployer <br />'Bbth:Plaris 8c Employee, n I. <br />6old Drily ' `T�s <br />; <br />. 10/1/21Wbrithly <br />;�Err�ployee Premium <br />10/1/21 Mpnthly <br />tEmployer :Premium <br />10/;1/,.1021 Total <br />*Monthly Premluins <br />Premium Silver Single <br />_- - _ <br />_ $15:00. <br />'$75:0.00 <br />$765.00 <br />', rern (, ilver Family <br />$207.50 <br />$11155:00 <br />$1;3.62:50 <br />Premium`S <br />:0 <br />$155,9 <br />A <br />$765.00ilvSing` <br />Premier Gold Single <br />$120.00 <br />$750.00 <br />"$870.00 <br />iPremier,.Gold Family <br />$420.0.0 <br />$1,155:00 <br />$1,575.00 <br />The recommended premiums without an employee increase are: <br />Option 2 Provides $1,007,400 in Additional Funding <br />No Increase in Employee, <br />"=��r <br />.' 10/1/21Monthly_ <br />.10/1/21 Monthly <br />'10/1'/2021 Total <br />Premiums= ;::. <br />.fi <br />{ Employee Premium <br />Employer,Premium <br />Mo 'thly.Premiums <br />Premium`S <br />:0 <br />$155,9 <br />A <br />$765.00ilvSing` <br />PremierSilver Family ,t <br />$207:50 <br />'j �; :x`$1;155 00 " a <br />`$1,362.50 <br />-P.,remier Gold Single <br />r F$110.00 <br />$750.00 <br />$860:00 <br />