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NCACC
<br />Aug. 23, 2005
<br />Medicare Part D: Strategies for counties who are plan
<br />sponsors
<br />Do you cover active employees age 65 or older on your county health plan? How
<br />about retirees age 65 and older? If you do, you might want to take advantage of tax -
<br />free money payable to your county for providing these benefits. Below is what you
<br />need to know:
<br />One of the least talked about beneficiaries of the new Medicare Part D offering are the
<br />health plan sponsors (counties) providing retiree prescription drug benefits or covering
<br />active employees age 65 and older for their health care and medications, These
<br />counties providing this coverage have a unique opportunity to reduce their future
<br />retiree prescription drug liability by 20 percent or more as a result of government
<br />subsidies offered under Medicare Part D provisions.
<br />There are several options that county governments may exercise as it relates to these
<br />subsidies, The NCACC recommends that counties who currently cover retirees
<br />explore the Primary Employer Subsidy (Option 1) approach. Counties who wish to
<br />exercise the Primary Employer Subsidy must take four steps by Sept. 30, 2005, one of
<br />which is an actuarial study. The cost of the study could range anywhere from $3,000
<br />to $5,000, depending on the size of your county and other factors.
<br />• Click here for more information.
<br />RMP to hold four Regional Advisory Committee meetings in
<br />September
<br />During the month of September, the Association's Risk Management Pools will hold
<br />four Regional Advisory Committee meetings. These meetings are open to all counties
<br />and county entities. Please send your RSVP to Amy Kunkle at the Raleigh office
<br />indicating which meeting you wish to attend.
<br />The Regional Advisory Committee meetings offer the Association a chance to meet
<br />with members to learn about their risk management needs, gain feedback about the
<br />Pools and learn how the Pools can improve their services to members. Members
<br />attending these meetings set the agenda and discuss topics that are of interest to
<br />them. Along with your RSVP, please let us know what topics you wish to discuss
<br />http: / /www ncacc otg /e- newsupdates.htm] 9/9/2005
<br />Page 4 of 5
<br />Union
<br />2,330,924
<br />2,281,564
<br />2,523,749
<br />2,698,388
<br />2,833,480
<br />Vance
<br />1,201,348
<br />1,175,908
<br />1,300,729
<br />1,390,737
<br />1,460,363
<br />Wake
<br />9,151,996
<br />8,958,189
<br />9,909,090
<br />10,594,782
<br />11,125,201
<br />Warren
<br />457,685
<br />447,993
<br />495,546
<br />529,837
<br />556,363
<br />Washington
<br />314,770
<br />308,104
<br />340,809
<br />364,392
<br />382,635
<br />Watauga
<br />349,075
<br />341,683
<br />377,952
<br />404,106
<br />424,337
<br />Wayne
<br />2,862,310
<br />2,801,696
<br />3,099,093
<br />3,313,545
<br />3,479,435
<br />Wilkes
<br />776,873
<br />760,421
<br />841,139
<br />899,344
<br />944,369
<br />Wilson
<br />1,862,794
<br />1,823,347
<br />2,016,893
<br />2,156,458
<br />2,264,420
<br />Yadkin
<br />471,336
<br />461,355
<br />510,327
<br />545,641
<br />572,958
<br />Yancey
<br />197,610
<br />193,425
<br />213,957
<br />228,763
<br />240,215
<br />TOTALS
<br />$161,500,000
<br />$158,080,000
<br />$174,860,000 $186,960,000 $196,320,000
<br />Aug. 23, 2005
<br />Medicare Part D: Strategies for counties who are plan
<br />sponsors
<br />Do you cover active employees age 65 or older on your county health plan? How
<br />about retirees age 65 and older? If you do, you might want to take advantage of tax -
<br />free money payable to your county for providing these benefits. Below is what you
<br />need to know:
<br />One of the least talked about beneficiaries of the new Medicare Part D offering are the
<br />health plan sponsors (counties) providing retiree prescription drug benefits or covering
<br />active employees age 65 and older for their health care and medications, These
<br />counties providing this coverage have a unique opportunity to reduce their future
<br />retiree prescription drug liability by 20 percent or more as a result of government
<br />subsidies offered under Medicare Part D provisions.
<br />There are several options that county governments may exercise as it relates to these
<br />subsidies, The NCACC recommends that counties who currently cover retirees
<br />explore the Primary Employer Subsidy (Option 1) approach. Counties who wish to
<br />exercise the Primary Employer Subsidy must take four steps by Sept. 30, 2005, one of
<br />which is an actuarial study. The cost of the study could range anywhere from $3,000
<br />to $5,000, depending on the size of your county and other factors.
<br />• Click here for more information.
<br />RMP to hold four Regional Advisory Committee meetings in
<br />September
<br />During the month of September, the Association's Risk Management Pools will hold
<br />four Regional Advisory Committee meetings. These meetings are open to all counties
<br />and county entities. Please send your RSVP to Amy Kunkle at the Raleigh office
<br />indicating which meeting you wish to attend.
<br />The Regional Advisory Committee meetings offer the Association a chance to meet
<br />with members to learn about their risk management needs, gain feedback about the
<br />Pools and learn how the Pools can improve their services to members. Members
<br />attending these meetings set the agenda and discuss topics that are of interest to
<br />them. Along with your RSVP, please let us know what topics you wish to discuss
<br />http: / /www ncacc otg /e- newsupdates.htm] 9/9/2005
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