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Actuary recommends 13% health-premium increase to rebuild Lorain County reserves
Summary
An independent actuary presented a 2026 forecast for the county's self-funded health plan, recommending a 13% premium increase effective Jan. 1, 2026, to restore reserves to a 30% target over five years; the board received the presentation and did not take immediate action.
Steve Parsons, the county's contracted healthcare actuary, presented the 2026 forecast Sept. 23 and recommended the commissioners consider a 13% premium increase effective Jan. 1, 2026, to begin rebuilding the health fund's reserves.
Parsons said the county's projected total program cost for 2026 is approximately $53.385 million; current premiums (with the same headcount) would cover about $47.246 million, making a 10.1% increase the actuarial breakeven. The 13% recommendation is designed…
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