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12 <br /> 1 Slide #2 <br /> Background <br /> Joined Forth Carolina Health Insurance Pool (NDHIP) <br /> - July 1,2018.by BOCG approval <br /> County has maintained a total budget rpt$13 million and monthly <br /> premium equivalent rates for health insurance <br /> stable ctalms exw ence <br /> high reserve in trari3ition year <br /> FY 202212023,first rate increase since 2018 <br /> Dental Insurance is provided by Delta Dental <br /> - total Dental budget is currently$E85,000 <br /> ORANGE COUNTY <br /> Pi7R r]r CkROLLNA <br /> 2 <br /> 3 Brenda Bartholomew said there are individual members that have their own plan designs, <br /> 4 and they pay their own claims up to $40,000 and then above that, they are shared by the pool or <br /> 5 paid by the state. <br /> 6 <br /> 7 Slide #3 <br /> Budget Summary through January 2023 <br /> - County increased premium equivalents by 5%with no rate <br /> increase for employees, increased budget$626,813 for health <br /> insurance <br /> - Total health insurance budget of$13,181,834 <br /> - build reserve levels for future sustainabilityof rates <br /> to cover projected total plan coats for F'Y 202-)J20 <br /> Increase In the overall number of ctalms <br /> higher w5l4j per claim <br /> high nuber of high clahnrs } susmu <br /> two verb high cost etuims <br /> w <br /> —P,111 <br /> As of.lartbar'y 2023 <br /> Total Reserve Balance is$833,090; <br /> expected IGNR (claims incurred by not reported)Liability is$740,519 <br /> Current fund ratio is 1.1;which is within the ratio to cover expected <br /> (IONR) <br /> i <br /> ORANGE COUNTY <br /> NORTI r CAROIANA <br /> 8 <br /> 9 <br /> 10 <br />