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County approves Aetna retiree plan renewal despite 21.1% premium increase
Summary
The board approved renewal of a retiree health insurance arrangement with Aetna after staff said the 21.1% increase was higher than expected and efforts to find a lower-cost comparable plan failed; about 180 retirees are enrolled and the county’s OPEB trust is fully funded.
Franklin County commissioners voted Oct. 22 to renew a retiree health-insurance agreement with Aetna after staff described a steep 21.1% premium increase for the policy that covers eligible retirees and their spouses.
Morgan Yanks (human-resources staff) told commissioners the renewal “came in surprisingly high,” and that county staff had gone to market seeking a lower-cost comparable plan…
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