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County staff recommend insurance reserve target after favorable claims year
Summary
Finance staff reported the county's employee insurance account balance ($120,614), described worst-year claims (~$180,000) and recommended maintaining a reserve equal to 10% of assessed risk (approx. $71,000); supervisors discussed increasing the partial self-funded reserve to $200,000—25,000 to be conservative.
County finance staff updated supervisors on the status of employee health insurance and the county's partial self-funding exposure.
The staff presentation noted: "Your insurance account balance for your partial self funding and employee benefit subsidy is $120,614," and detailed recent claims history and risk estimates. Finance staff and a named staff member…
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