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12 <br /> Slide #2 <br /> Background <br /> Joined North Carolina Health I nsu ra nce Pool (NCH IP) <br /> - July 1,2018 by BDD approval <br /> County has maintained a total budget of$13 million and monthly <br /> premiurrl equivalent rates for health insurance <br /> slabie maims exWLtLnce <br /> #tlgh reserve in trarmition year <br /> FY 202212023.first rate increase since 2018 <br /> Dental Insurance is provided by Delta Dental <br /> - total Dental budget is currently 5685,000 <br /> ORANGE COUNTY <br /> "X)Kfl r CAROUNA <br /> Brenda Bartholomew said there are individual members that have their own plan designs, <br /> and they pay their own claims up to $40,000 and then above that, they are shared by the pool or <br /> paid by the state. <br /> Slide #3 <br /> Budget Summary through January 2023 <br /> - County increased premium equivalents by 5%with no rate <br /> increase for employees; increased budget$626,813for health <br /> insurance <br /> - Total health insurance budget of$13,181.834 <br /> - build reserve levels tortuture sustainabililyotrates <br /> to coverpropcled total plan casts for FY 2022e2023 <br /> • Increase In IN&overall number of clalms <br /> • higher oasis per claim <br /> • high number of#ilgh claims <br /> • two very high cost claims <br /> suru <br /> As of January 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 /> ORAW-E COUNTY <br /> Y <br /> htIRIlI k:.=.!4titAN.S <br />