Orange County NC Website
Browse       Search
9 <br /> 1 • No change to covered benefits, co-pays, co-insurance or deductibles <br /> 2 ❖ FY2015/2016 budget is approximately $11.6M <br /> 3 o Active employees and members = $9.8M <br /> 4 o Active retirees under age 65 and members = $1.8M <br /> 5 o As of 2/2016 budget spend is approximately $6M (51% of total budget) <br /> 6 + As of 1/16/16 <br /> 7 o 871 employees (96%) and 160 retirees enrolled in a health plan <br /> 8 o 1480 members and 187 retiree members enrolled in a health plan <br /> 9 • Dental Insurance Costs will remain flat <br /> 10 • Current budget for dental insurance coverage is approximately $320,000 <br /> 11 • No increase in premium is recommended for FY 2016-2017 <br /> 12 • Improve the dental plan design by removing diagnostic and preventative services from <br /> 13 the annual maximum covered services to promote preventative oral health care <br /> 14 ❖ Annual maximum coverage is $1,200 per year <br /> 15 <br /> 16 Quick Points of Comparison <br /> 17 The NC Healthcare Benefits & Cost Survey is conducted annually by Capital Associated <br /> 18 Industries (CAI). <br /> 19 • On average, traditional premiums have increased by about 5% annually over the past 5 <br /> 20 years. <br /> 21 • Employee (EE) vs. employer contributions to traditional plan premiums has remained <br /> 22 fairly constant, even as costs continue to increase. On average, employers cover 82% <br /> 23 and 53% of individual and family premiums, respectively. <br /> 24 Orange County <br /> 25 • Based on the general fund actual expenditures for health insurance, Orange County's <br /> 26 costs have increased over 3 years on average 5.63% <br /> 27 • Orange County pays 100% of individual and approximately 65% of family premiums. <br /> 28 • This changed from 52% over the past few years when the County elected to absorb total <br /> 29 rate increases. <br /> 30 <br /> 31 2015/2016 North Carolina Healthcare Benefits & Cost Survey (chart) <br /> 32 Capital Associated Industries <br /> 33 <br /> 34 Compression is caused when... <br /> 35 • there is not a mechanism to move existing employees forward in the salary plan (years <br /> 36 of service or in-range performance) <br /> 37 • new hired employees are brought in at equal or higher pay than employees with more <br /> 38 longevity at the same position <br /> 39 • salary adjustments over the last 6 years have typically been lower than market <br /> 40 adjustments <br /> 41 <br /> 42 New Hires vs Employees (graph) <br /> 43 <br /> 44 Compression Analysis (graph) <br /> 45 Overall Analysis <br /> 46 <br /> 47 Meritorious Service Awards <br /> 48 • The Ordinance provides a program of Meritorious Service Awards to financially reward <br /> 49 employees whose work performance and accomplishments are exceptional or superior. <br /> 50 ❖ $1,500 for exceptional performance <br />