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Adams County hears reinsurance options and approves reenrollment in Samaritan Fund
Summary
An insurance consultant outlined two reinsurance proposals and urged reenrolling three employees in the county's Samaritan Fund; the board authorized staff to choose the best plan after consulting the county administrator and approved reenrollment.
An insurance consultant presented two reinsurance options to Adams County supervisors and urged the board to reenroll three employees in the county's Samaritan Fund, saying both proposals would cost less than the current year.
The presenter (speaker S9, identified in the meeting as representing Wood Cross Renewal) described "laser" liabilities (very large individual claims) and two alternatives: Proposal 1 would accept one laser with a specific stop-loss and yield a total estimated liability the presenter described around $1,114,690 and a savings versus the current year. Proposal 2 would change the stop-loss level, add two lasers and produce a different estimated total that the consultant said still would be less than the current year's cost. The presenter said the Samaritan Fund currently covers three employees whose reenrollment would save the county on projected claims costs.
"Either way, the board chooses to go, we're still ahead from this current year," the presenter said, summarizing the financial comparison and noting claims trending favorably.
Supervisors asked for time to review the proposals. One supervisor expressed a preference for delaying a final selection until after the administrator has reviewed the details and confirmed the legal and budgetary implications. Another board member emphasized the Samaritan Fund's value to families and the county's bottom line.
After discussion, Supervisor Gaines moved and Supervisor Milton seconded a motion that the county reenroll the three employees in the Samaritan Fund and authorize county staff (after consulting the administrator) to select the reinsurance option that best fits Adams County. The motion passed on a voice vote.
What happens next: County staff will work with the administrator to finalize which reinsurance proposal to purchase and will reenroll the three employees in the Samaritan Fund ahead of the insurance renewal cycle. The board did not adopt a specific proposal on the floor; instead it authorized staff to complete the administrative decision and return if formal purchase or additional approval is required.
