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Board approves $9M stabilization buy‑up for certain medical plans and alters dental stabilization policy for 2025
Summary
Aon recommended and the Health Service Board approved applying one‑third of 12/31/2023 stabilization balances toward 2025 rate adjustments for several medical plans and, on a one‑time basis, using two‑thirds of the Delta Dental PPO surplus to buy down 2025 rates; the actions passed unanimously for the medical/dental active employee proposals.
At the April meeting the Health Service Board approved Aon’s recommended stabilization and rate actions that will be incorporated into the 2025 rate setting. Aon’s actuary Mike Clark described plan‑specific results from 2023 and the policy‑driven approach to amortizing prior stabilization balances into next year’s rates.
Key figures Clark presented include a combined stabilization deficit in certain Blue Shield HMO and UHC EPO plans of roughly $27.08 million as of 12/31/2023, from which Aon recommended applying one‑third (about…
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