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13 <br /> 1 Slide #4 <br /> Budget Summary ar through January 2023 <br /> • Total average planenrollment is <br /> 1043 : <br /> • Budget Comparison peremployee mu ..s <br /> per month (PE PM) shows actual to <br /> budget spend;experienced high 2C — <br /> L - <br /> deficit in November and January �. <br /> Actual cost through January 2023 u <br /> is $7.9M,projected total spend on <br /> Health Insurance year and is <br /> $13.5M <br /> 5!; Medical Claims 54.7M <br /> — 28%Fix Claims $2.2M <br /> 10 Adm and Stop Loss F <br /> $800.000 <br /> 5%other S.200,OM <br /> ORANGE COUNTY <br /> P*010 E CkROLLNA <br /> 2 <br /> 3 <br /> 4 Slide #5 <br /> FY 2023/2024 Renewal <br /> Recommending an increase of five percent(5%)to corer expected <br /> costs for FY 2 02 312 024 <br /> The Manager recommends that the County assume, 100 of the <br /> recommended 5%increase and that the employee contributions <br /> continue at current rates <br /> Total budget for health insurance for employees and pre-65 retirees is <br /> $13,840,942 <br /> • This represents a total budget increase of$659,108 <br /> Pater. mcniNyC" Annuli Cm E^°dm- Enver <br /> C 4nbmian CWnbrinn <br /> r.f Cwrvt Rama S1 DJB 4B5 913161034 512%475 311665359 <br /> Cwdo Rater.Woh Err%kyef 51.153Al2 513.94.102 V293.05 112.5&1467 <br /> Incream 00 Iganar€all <br /> rdalrrtreasa 354.925 5691D6 93 MEU06 <br /> -Amisr= <br /> ORANGE COUNTY <br /> NOWn E CAROLLNA <br /> 5 <br />