Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Madison County reviews options to limit employee health-insurance renewal hike
Summary
County staff and an outside consultant presented two renewal approaches after negotiating a proposed 16% increase down to roughly 6%, and described how employee enrollment choices could shift the county’s final cost.
Madison County commissioners and staff reviewed health insurance renewal options after carriers initially proposed a 16% increase, with consultants saying they negotiated that down to about 6% across plans.
The county’s benefits consultant told the commission that the carrier’s original 16% renewal would have brought the county’s plans closer to a 74% loss ratio and said the negotiated 6% would lower the county’s exposure. The consultant said the firm prepared two options for the board to consider: a plan-rated approach that applies different changes depending on enrollment in each plan, and a flat 6% increase across all three plan tiers. “We negotiated that down to about 6% across the board,” the consultant said.
Those two options matter because one of the county’s plans — the “local plus” plan — was described by the consultant as currently…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
