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Boone County officials recommend leaving IPBC and pursue partial self-funded health plan to cut costs
Summary
County administrators told the finance committee they plan to ask the full county board to withdraw from the IPBC and move to a partially self-funded Blue Cross plan with Envision as TPA, citing a preliminary IPBC renewal of 19.9% and modeled savings under expected utilization.
County administrators recommended that Boone County’s board approve a resolution next week to withdraw from the Intergovernmental Personnel Benefit Cooperative (IPBC) and pursue a partially self-funded health insurance plan with Blue Cross Blue Shield, officials said at the Committee of the Whole meeting on March 12.
Becky Tobin and Aaron (county staff) told the committee that IPBC delivered a preliminary renewal showing a 19.9% increase, roughly $821,000 above the current budget and pushing the county toward a $4.95 million annual cost under the IPBC renewal. Aaron…
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