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County staff report 20% insurance renewal increase; open enrollment begins
Summary
Employee open enrollment will begin as county staff reported an insurance renewal of about 20% and noted a 155% loss ratio this year; one speaker said the county felt misled by the TPA during this first renewal.
County staff said open enrollment for employees is starting and that the county's insurance renewal came back significantly higher than expected.
Speaker 5 reported the renewal reflected about a 20% increase; the speaker and others said this renewal followed the county's first year with a new third-party administrator (TPA). Accounts in the meeting described a current loss ratio of roughly 155%, and Speaker 5 said the group felt misled by the TPA about expected costs for this first renewal year: "I believe we were all misled," Speaker 5 said.
Other speakers noted that, despite the increase, the county still sits in a better position than it would have been fully self-insured. No formal vote or contractual action was recorded in the excerpt; the discussion focused on enrollment logistics and the renewal results. Staff said they will continue reviewing plan design and stop-loss options going forward.
No precise dollar totals for the county's premium increase or long-term plan changes were provided in the transcript excerpt.
