|Manatee County Government Administrative Center Honorable Patricia M. Glass Chambers, First Floor 9:00 a.m. - September 24, 2019|
Agenda Item #30
2020 Medical, Dental, and Retiree Premium Rates
Briefing Provided Upon Request
Contact and/or Presenter Information
Kim Stroud-HR Director x3813
Approve the 2020 premiums and cost sharing for the self funded and fully insured employer sponsored benefits, Exhibits A, B, and C.
Annually, in conjunction with the new budget, the County Commission establishes premium cost sharing rates for the self-funded health plan and the retiree health plan options as well as confirms the voluntary plan options available to employees and retirees.
YourChoice Health Plan-Active Employee Medical
The recommendation is to not pass along a premium increase for Plan Year 2020.
As the Board is aware, the YourChoice Health Plan has been a nationally recognized health plan for its innovation, financial cost containment, and promotion of preventative care since its inception in 2006. For a period of 8 years, the plan experienced a negative trend while other employers were experiencing double digit cost increases. The performance of the plan has helped to delay the impact of the rising costs of healthcare and pharmaceuticals. We have experienced slight increases in the medical premium for the previous 3 years much related to high cost claimants and expensive specialty medications. Two of the three years, the County absorbed the increase, including the current plan year; the Plan continues to be actuarially sound and it has been determined with the Financial Management Department to keep premiums flat for the 2020 plan year.
Dental Coverage-Active and Retiree
The dental plan offered to employees and retirees is fully funded by the participants of the plan. Due to the plan’s performance and projections for 2020, the premiums for the dental plan will remain stable for 2020.
The County offers a fully insured vision plan for employees and the premium rates for that voluntary option are remaining stable for 2020.
Prescription Coverage-Active and Retiree
The premium cost for the prescription coverage is included in the overall medical premium cost; the benefit design (copays and coinsurance levels) for prescriptions will remain stable for 2020.
Medical Plan Options-Retiree
Eligible Retirees of Manatee County Government and participating constitutional agencies can participate in 2 different plan options based upon their age.
County Attorney Review
Not Reviewed (No apparent legal issues)
Explanation of Other
Instructions to Board Records
Please provide a copy of the approved agenda to Kim Stroud at firstname.lastname@example.org and Angela Sain at Angela.Sain@mymanatee.org.
Cost and Funds Source Account Number and Name
Amount and Frequency of Recurring Costs
Attachment: Exhibit A 2020 Active Medical Dental Vision COBRA Admin Fees.pdf
Attachment: Exhibit B 2020 Prescription Benefit Cost Sharing.pdf
Attachment: Exhibit C- 2020 Retiree Medical Plan Options.pdf