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County hears three broker proposals as health plan shows loss ratio above 100%
Summary
Three firms — HUB International, Marsh McLennan Agency and Alliant Insurance — gave finalist presentations to the Franklin County Board of Commissioners on July 23 as the county prepares for an August renewal of its employee health plan.
Three firms — HUB International, Marsh McLennan Agency (MMA) and Alliant Insurance — gave finalist presentations to the Franklin County Board of Commissioners on July 23 as the county prepares for an August renewal of its employee health plan. The presentations included population analyses, proposals for member engagement and modeling tools; presenters warned that current claims experience points to a rate increase if carriers hold their filed trends.
The presentations matter because the county’s current fully insured plan is running well above break‑even this plan year, several presenters said, and that will shape renewal offers and the county’s near‑term options, including discussions about VEBA contributions and longer‑term alternatives such as level‑funded or self‑funded arrangements.
HUB International lead consultant Brandon Cleary told commissioners that the county’s prior plan year had a loss ratio of about 77.5% (about $2.1 million in paid…
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