Agenda 03-15-22; 6-b - Recommendations for Employee Health Insurance and Dental Insurance

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2 rates. The actuarial analysis conducted by the North Carolina Health Insurance Pool is recommending an increase of five percent (5%). The Manager recommends that the County assumes 100% of the recommended 5% increase and that the employee contribution continues at current rates. This represents a total budget increase of $626,813. FY 2020-21 through FY 2021-22 Health Insurance Rates Monthly Employee Employer Year Rates Cost Annual Cost Contribution Contribution 2021 Current Rates $1,048,610 $12,583,316 $1,637,930 $10,945,390 2022 Renewal Rates $1,100,844 $13,210,129 $1,719,517 $11,490,611 Current Rates with Employer 2022 Increase Only(Renewal) $1,100,844 $13,210,129 $1,637,930 $11,572,198 Net Increase $52,234 $626,813 Dental Insurance Delta Dental is the County's Dental provider and the County will continue to provide coverage with Delta Dental. The Board of County Commissioners approved an increase of funding totaling $92,236 (County contribution of$73,286)for the FY2021-22 Dental Fund. The total Dental budget is currently $639,000 and no increase is recommended for FY2022-23. FINANCIAL IMPACT: The FY 2022-23 Health and Dental Fund budget request is anticipated to increase by $626,813. SOCIAL JUSTICE IMPACT: The following two Orange County Social Justice Goals are applicable to this item: • GOAL: FOSTER A COMMUNITY CULTURE THAT REJECTS OPPRESSION AND INEQUITY The fair treatment and meaningful involvement of all people regardless of race or color; religious or philosophical beliefs; sex, gender or sexual orientation; national origin or ethnic background; age; military service; disability; and familial, residential or economic status. • GOAL: ENSURE ECONOMIC SELF-SUFFICIENCY The creation and preservation of infrastructure, policies, programs and funding necessary for residents to provide shelter, food, clothing and medical care for themselves and their dependents. ENVIRONMENTAL IMPACT: There is no Orange County Environmental Responsibility Goal impact associated with this item. RECOMMENDATION(S): The Manager recommends that the Board: 1) approve an increase of 5% to the Health Insurance Premium Equivalents for both active and pre-65 retirees with the amount of the increase to be fully paid by the County; 2) approve moving forward with Dental Insurance as outlined above (no changes); and 3) approve the County continuing to participate as a member in the North Carolina Health Insurance Pool (NCHIP).