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Health Service Board approves using full $1.66 million stabilization reserve to lower 2019 City Plan premiums
Summary
The San Francisco Health Service System Board voted 4–1 on June 14 to suspend the self‑funded stabilization policy for 2019 and apply the full $1,661,000 City Plan stabilization balance to reduce member premiums for the 2019 plan year.
The Health Service System Board approved on June 14 a one‑time suspension of its self‑funded rate stabilization policy and the application of the full City Plan stabilization balance — $1,661,000 as of 12/31/2017 — to city plan and city plan choice‑unavailable rate cards for the 2019 plan year. The motion passed 4–1.
Aon, the board’s actuarial partner, presented two scenarios: Scenario 1 applied one‑third of the stabilization balance in the rates; Scenario 2 used the…
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