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Commissioners approve switch to self-funded Anthem health plan; consultant cites potential $700,000 savings
Summary
After a presentation and discussion, the county voted to move from a fully insured plan to a self-funded Anthem health plan option that consultant Chris Maynard said could save about $700,000 if claims run as expected; the plan includes stop-loss protections and a gene therapy rider.
Vanderburgh County commissioners on Oct. 21 approved moving the county health plan to a self-funded proposal from Anthem (Option 1) after a presentation from consultant Chris Maynard of Shepparton Insurance.
Maynard said the county currently has a fully insured plan with UnitedHealthcare and a supplemental “difference card.” The proposed self-funded Anthem plan would have Anthem as claims payer, stop-loss carrier and pharmacy benefit manager. Maynard said if claims run as expected the county could save…
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