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Health Service Board uses full $3 million stabilization reserve to limit 2018 UHC city‑plan increases
Summary
The Health Service Board voted 5–2 to apply the remaining $3,000,000 stabilization reserve to blunt contribution increases for the 2018 UnitedHealthcare (UHC) city plan, a move board actuaries said lowers the single early‑retiree increase to about $18.86 under the adopted option.
The Health Service Board voted to apply the entire remaining $3,000,000 stabilization reserve to the UnitedHealthcare (UHC) city plan to reduce 2018 premium contributions, a measure the board adopted 5–2 after two rounds of motions and public comment.
Aon Hewitt actuary Anil Coacher presented three options to address sharp projected contribution increases for the city’s self‑insured PPO pool and recommended Option 2, which directs the full remaining stabilization balance to the plan. Coacher said Option 2 produces the smallest increases for most early retirees — an $18.86 monthly rise for single early retirees under the recommended plan —…
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