Orange County NC Website
FINANCIAL IMPACT: As noted, the County budget far 2005-06 provides funding far up to a <br />15,9 percent health insurance cost increase or about $361,024. Renewal with Option 5 as <br />recommended requires about $19,000 mare than the amount budgeted, The Manager <br />recommends the Board authorize the transfer of the required additional funds from fund <br />balance, <br />RECOMMENDATION(S): The Manager recommends that the Board: <br />Approve renewal of employee health insurance plans with the NCACC Health Insurance <br />Trust including the change outlined under Option 5 above which provides for the <br />implementation of a $250 per member/$750 per family annual deductible for inpatient <br />hospital services and outpatient hospital services for the Blue Care plan, <br />• Adopt the Attachment 3 health insurance rates far coverage effective January 1, 2006 <br />including continuing the dependent subsidy at 52 percent. <br />• Authorize a transfer of $19,212 from fund balance to the employee health Insurance account <br />to supplement the 2005-06 health insurance budget, <br />