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05/11/2021
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05/11/2021
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8/16/2021 10:57:56 AM
Creation date
8/16/2021 10:54:54 AM
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Meetings
Meeting Type
BCC Regular Meeting
Document Type
Agenda Packet
Meeting Date
05/11/2021
Meeting Body
Board of County Commissioners
Board of County Commissioners
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Premier Gold Family $400.00 $1,155.00 $1,555.00 <br />Retiree Premiums <br />Under Florida Statute 112.0801 "retirees and their eligible dependents shall be offered t e same <br />health and hospitalization insurance coverage as is offered to active employees ata pr ium cost <br />of no more than the premium cost applicable to active employees. For retired a ployees and <br />their eligible dependents, the cost of continued participation may be paid b/hire <br />mployer or by <br />the retirees..." The County subsidizes retiree coverage for eligible retirees wct to continue <br />coverage under our group plan. Subsidy amounts are based on the retire s date, years of <br />service, and date of retirement date. There are 28 different retiree rateefor each Plan. <br />The retiree subsidy is based on a reduced monthly premium for b7the Silver and Gold Plans as <br />reflected below. <br />Premier Silver - Current <br />Single <br />Family <br />Total Monthly Premium <br />$7X5.00 <br />$1,312.50 <br />Reduced Retiree Subsidy Premium <br />700.00 <br />$1,105.00 <br />Premier Gold - Current <br />S!iirn;gJ:e <br />Family <br />Total Monthly Premium <br />$810.00 <br />$1,505.00 <br />Reduced Retiree Subsidy Pr mium <br />$795.00 <br />$1,297.50 <br />Subsidy amounts range from 20% to 6/0. The subsidized premium for retiree insurance under <br />the Premier Silver Plan ranges from 280.00 to $560.00 per month for single coverage and from <br />$442.00 to $884 per month for fa ily coverage. The subsidized premium for retiree insurance <br />under the Premier Gold Plan ran es from $318.00 to $636.00 per month for single coverage and <br />from $519.00 to $1,038.00 per onth for family coverage. <br />Individuals with a hire date on or after February 1, 2006 who retire from the County and who <br />continue coverage and a not eligible for the County subsidy and their monthly premium is the <br />Reduced Retiree Subsoy Premium for either single or.family coverage. <br />Retirees also recei e a health insurance subsidy from the Florida Retirement System (FRS) of $5 <br />for each year 4nt <br />rvice up to a maximum of $150.00 per month. The County does not receive <br />any subsidy pZ from the FRS. The FRS subsidy is paid directly to the retiree in the monthly <br />retirement payment. The County provides additional funding for the cost of providing retiree <br />coverage fdirough OPEB funding. <br />In addition to the Group Health Plan, Medicare eligible retirees are also provided the opportunity <br />to `droll in the Florida Blue Medicare Advantage PPO Plan at a current monthly premium of <br />�emium <br />57.24 per month.. Eligible spouses may also enroll under this plan at the same monthly <br />of $257.24. This premium amount may change annually based on the renewal from <br />Florida Blue. <br />86 <br />
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