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Franklin County studies benefit funding after officials say VEBA payouts strained budget
Summary
County commissioners and benefits consultants reviewed Franklin County’s health plan funding, concluding the board must change contribution rules that have increased costs tied to VEBA/cash-in-lieu payments; consultants recommended fixes and possible moves to level-funded or self-funded arrangements, with a decision target in July.
Franklin County commissioners spent a workshop reviewing the county’s employee benefits funding on April 9, hearing from brokers with AcroSure about how the county’s contribution structure and VEBA/cash-in-lieu payments have driven up health-plan costs.
The county’s benefits consultant, Brooks (AcroSure), told commissioners the county’s defined-contribution approach and large VEBA/cash-in-lieu payments have created incentives for lower‑risk employees to decline enrollment, which can raise premiums for those who remain on the county plan. “Adverse selection is what happens when higher‑risk individuals jump on the plan,” Brooks said during the presentation, describing the mechanics by which rising premiums can feed further withdrawals from the employer plan.
The presentation laid out benchmark data for Washington public…
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