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26 <br /> 1 Slide #2 <br /> Background <br /> Joined North Carolina Health Insurance Pool <br /> (NCHIP) <br /> - July 1,2018 by DOCC approval <br /> mbirlad <br /> + Gounty has maintained monthly premiumcamon.#sari <br /> equivalent rates for health insurance <br /> - suable claims experience <br /> - high reserve in transition year <br /> For the FY 2.02012021 and FY 202112022 plan <br /> years, maintained budgetof$13-3 million <br /> • Dental Insurance is provided by Delta Dental <br /> - total Dental budget is currently$639,000 <br /> ORANGE COUNTY <br /> 1 NOW17 f CAROLLNA <br /> 2 <br /> 3 Brenda Bartholomew said the monthly premium has been maintained by county since <br /> 4 2015 and not passed onto to employees. <br /> 5 <br /> 6 Slide #3 <br /> Budget Summary <br /> • Although the plan is projected to have a positive year-end reserve#alan^e ❑` <br /> additional funding is 1lecessary <br /> • build reserve levels for Mure SUSlai:nablllty of raps <br /> • to coverpr9jected total place costs f9r FY 2023!2023 <br /> — increase in the overall number of cieim5 <br /> — higher casts per claim <br /> — fliph member of high clairns <br /> — two very high coat cila ima <br /> • The current fund ratio is t,gx through Jarmary 2022 <br /> — Chan Sh6VA through decemter 2021;this is within tho raleo to Cow expected <br /> (IONR); our to-rget is 2.5X <br /> Ending YTD Fti 22 Taial Bakwice Esurnmed Reserve Resende <br /> tieA3we 1=Y2T 18NR Needs Raga <br /> $1,957,777 -$684,780 $1,272,997 $714.047 S559,W t.9 <br /> 31,785,110 S714.C47 St,071.07, 2.5 <br /> 3512,121 3512.121 <br /> ORANGE COUNTY <br /> Nloirri i CAROLLNA <br /> 7 <br /> 8 Brenda Bartholomew said that there have been high claims and an increase in overall <br /> 9 claims this past year. She said the target for reserve ratio is 2.5 and it has fallen behind. <br /> 10 <br />