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Next Steps <br />With the Board's approval of the health insurance renewal and rates, staff will proceed to <br />develop the employee open enrollment packets,- distribute these to employees in early October, <br />hold the open enrollment period October 20 through November 3 with the Benefits and <br />Wellness Fair tentatively scheduled for Friday, October 20. Payroll deductions at the new rates <br />will begin in the pay period beginning November 20 for coverage effective January 1, 2007. <br />FINANCIAL IMPACT: As noted, the County budget for 2006-07 provides funding for up to a <br />16.0 percent health insurance cost increase - or about $374,168. Attachment 7 shows the <br />current costs for health insurance and the projected costs for the renewal of the current plans. <br />Renewal of the current plans offered by the NCACC Health Insurance Trust is within the <br />amount budgeted. <br />The 2006-07 cost increase for the renewal of the health plans is approximately $52,407. This is <br />$321,761 less in cost than the amount budgeted. <br />RECOMMENDATION(S): The Manager recommends that the Board: <br />^ Approve renewal of employee health insurance plans with the NCACC Health:lnsurance <br />Trust continuing the current health plans. The effective date for the renewal will be January <br />1, 2007. <br />^ Adopt the health insurance rates for coverage effective.January 1, 2007, including <br />continuing the dependent subsidy at 52%. <br />