Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Employee Benefits topic
No spam. Unsubscribe anytime.
County finance staff say health-plan change cuts projected annual costs by roughly $642,000
Summary
Seward County staff presented IMA calculations showing a lower annual county health‑insurance cost than earlier projections and estimated about $642,008 in first‑year savings; staff noted 21 employees opted out, reducing covered employees from 208 to 179, which affects final totals.
At the May 4 meeting, county finance staff outlined how a recent health‑insurance plan change affects the county’s projected employee‑benefit costs. Staff said independent IMA calculations show total annual health‑policy costs are now estimated at about $4.02 million compared with an earlier projection of roughly $4.66 million, producing first‑year savings in the neighborhood of $642,000.
Staff cautioned that the estimate will change as enrollment and opt‑out numbers finalize: "There will be some additional savings, but it's hard for us to know exactly what those are gonna be right now because you did have 21 people that opted out," staff said. Commissioners asked for updated enrollment and cost figures and for a brief reconciliation of how employee contributions and Rx rebates factor into the estimate. Staff agreed to supply the updated numbers for review before publishing budget documents.
