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Boone County eyes adding HSA and high-deductible PPO to blunt nearly $500,000 insurance bump
Summary
Administration told the board the county faces a projected 14.8% health-insurance renewal increase (about $484,000) beginning July 1 and proposed offering a high-deductible HSA plan and an additional high-deductible PPO to reduce costs; staff recommended a special county-board meeting next week to approve plan additions.
Boone County administration told the Committee of the Whole on April 3 that the county faces a sizable health-insurance premium increase beginning July 1 and recommended adding two alternative plans — a high-deductible HSA and an additional high-deductible PPO — to give employees lower-cost options and reduce county exposure.
Ricky (benefits staff) and County Administrator Becky told the board the county is facing a 14.8% renewal increase effective July 1 (the county's plan year runs July 1–June 30), which equates to roughly a half-million…
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