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City staff report modest 3.8% health premium increase; no design changes to plans
Summary
Staff told the council that health plan premiums will rise 3.8% (about $4/month single, $12/month family) with no changes to plan design or dental/vision premiums; staff attributed stability partly to last year's coinsurance change from 10% to 20%.
City staff presented the annual employee benefit filing and told the committee there are no plan-design changes to coinsurance, copayments, deductibles, or maximums for the coming year.
"This year, it's all good news. There is no plan design changes," Speaker 5 said, and specified there would be no increases to dental or vision premiums. Speaker 5 reported a 3.8% increase in health plan premiums, which staff illustrated as approximately $4 per month for single coverage and $12 per month for family coverage.
Staff cited last year's move from 10% to 20% coinsurance as a key factor moderating volatility and keeping this year's increase well below projected medical inflation in national reporting. "Last year, we increased our coinsurance from 10% to 20%. And that has a very positive impact on the plan," Speaker 5 said.
The presentation did not include projected enrollment counts, the total dollar value of the contract, or the detailed premium schedule by tier in the provided transcript excerpt. The transcript indicates staff expects stabilization in future years but does not commit to exact future rates.
Follow-up: Payroll/benefits staff will implement the rate change for upcoming enrollments per standard administrative processes; the transcript does not record required employer/employee contribution percentages beyond the sample dollar amounts offered.
