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Supervisors keep existing health plans despite nearly 18% Anthem rate increase
Summary
Floyd County staff told supervisors Anthem proposed a 17.9% premium increase; the board voted to retain current plan options for employees. Staff estimated employer costs would rise roughly $211,831 before offsets and outlined monthly employee increases by plan tier.
County staff told the board that Anthem has proposed a 17.9% increase in health‑insurance premiums for the coming plan year. Staff presented estimated fiscal impacts to the county and to employees and asked whether supervisors wanted to alter plan offerings.
Officials estimated an increase in employer costs of about $211,831 annually before offsets; staff also said adjustments to employer retirement contributions and other factors would reduce the net impact to approximately $160,000 annually. Staff gave example monthly increases for employees under current plans: roughly $23 more per month for single coverage, about $110 more per month for dual coverage and about $60 more per month for family coverage, depending on the plan and deductible chosen.
Board members discussed options including keeping the current plan menu (two deductible tiers and a high‑deductible plan) and whether to solicit alternative benefits administrators. After discussion, a supervisor moved and the board voted 5–0 to leave health‑plan options unchanged for the next open‑enrollment period while staff explores alternatives and cost‑management steps.
Staff said they will follow up with additional analysis (including a call with another benefits administrator and comparison quotes) and will return to the board with any recommended changes before the next open‑enrollment timeline.
