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Mr. Baird stated that he had checked with Brevard County and they are no longer offering <br />prescription coverage to those retirees over 65. The charge to the County's retirees should equal the <br />cost of the plan plus a multiplier. Health insurance is not getting any cheaper and the prescription <br />plan is a big contributing factor. The County is now losing $30 per month for single retirees without <br />any claims ever having been filed. The County has been subsidizing the retirees but it is extremely <br />costly and we are now trying to breach that gap. <br />Chairman Adams directed Mr. Baird to do another calculation using 40% of the cost and <br />bring it back to the Board next Tuesday, September 12, 2000. <br />Commissioner Macht reminded the Board that health insurance coverage is part of a <br />compensation package offered to employees. <br />ON MOTION by Commissioner Ginn, SECONDED by <br />Commissioner Macht, the Board unanimously adopted <br />Alternative C with rates at 40% of total premium costs <br />for all insureds age 65 or over, with the understanding <br />that the rates will be addressed annually. <br />SEPTEMBER 6, 2000 -13- BUDGET <br />L <br />