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Agenda - 03-18-2025; 8-b - Recommendations for Rate Renewal of Employee Health and Dental Insurance and Continued Participation in the North Carolina Health Insurance Pool
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Agenda - 03-18-2025; 8-b - Recommendations for Rate Renewal of Employee Health and Dental Insurance and Continued Participation in the North Carolina Health Insurance Pool
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3/13/2025 11:37:13 AM
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BOCC
Date
3/18/2025
Meeting Type
Business
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Agenda
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8-b
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4 <br /> monthly annually <br /> Plan Levels enrollment FY2026 EE ER TOTAL EE ER TOTAL EE ER <br /> Employee Only 633 $34.86 $0.00 $34.86 $22,067 $0 $22,067 $264,803 $0 $264,803 <br /> Employee+Child(ren) 151 $94.11 $47.74 $46.37 $14,211 $7,209 $7,002 $170,527 $86,505 $84,022 <br /> Employee+Spouse 98 $83.66 $39.32 $44.34 $8,198 $3,853 $4,345 $98,381 $46,240 $52,141 <br /> Employee+Family 123 $121.99 $70.20 $51.79 $15,005 $8,635 $6,370 $180,060 $103,615 $76,445 <br /> ALIGNMENT WITH STRATEGIC PLAN: This item supports: <br /> • GOAL 2: HEALTHY COMMUNITY <br /> OBJECTIVE 5. Invest in, support, train, and retain our community safety, health, and <br /> emergency services employees and direct care workforce. <br /> FINANCIAL IMPACT: The FY 2025-26 Health and Dental Fund budget request is anticipated to <br /> increase by $965,815. <br /> RECOMMENDATION(S): The Manager recommends that the Board approve: <br /> 1) An increase to the Health Insurance Premium Equivalents for both active and pre-65 <br /> retirees of 6.0%, effective July 1, 2025; <br /> 2) An additional increase of 0.5% for the County to absorb full responsibility for the premium <br /> increase, which raises the total rate increase by 6.5% or approximately $937,420 for <br /> FY2025-26; <br /> 3) An increase of 4% to the Dental Insurance Premium Equivalents effective July 1, 2025, to <br /> be fully paid by the County, a total rate increase of 4% or approximately $28,395 for FY <br /> 2025-26; and <br /> 4) Continuation as a member in the North Carolina Health Insurance Pool (NCHIP). <br />
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