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Caswell County told NCHIP renewal will be 6% next year; commissioners to decide Feb. 17
Summary
A Gallagher/NCHIP representative told the county the North Carolina Health Insurance Pool is proposing a 6% premium increase for Caswell County next fiscal year to rebuild reserves after several large claims; the county must decide whether to remain in the pool before open enrollment schedule.
Dave Costa, a Gallagher representative working with the North Carolina Health Insurance Pool (NCHIP), presented the pool’s history and Caswell County’s renewal profile. He said Caswell joined NCHIP on July 1, 2019, and that NCHIP is proposing a 6% premium increase for the county for the next fiscal year.
Costa explained why the increase is proposed: the county’s reserve balance has fallen to near flat after several high‑cost claims across the pool, and NCHIP seeks to rebuild a target reserve (Caswell’s reserve target was described as approximately $200,000–$250,000). Costa said the pool’s governance caps any single year increase at 6% and that the…
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