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NCACC Page 5 of 5 Aug. 23, 2005 Medicare Part D: Strategies for counties who are plan sponsors Do you cover active employees age 65 or older on your county health plan? How about retirees age 65 and older? If you do, you might want to take advantage of tax - free money payable to your county for providing these benefits. Below is what you need to know: One of the least talked about beneficiaries of the new Medicare Part D offering are the health plan sponsors (counties) providing retiree prescription drug benefits or covering active employees age 65 and older for their health care and medications, These counties providing this coverage have a unique opportunity to reduce their future retiree prescription drug liability by 20 percent or more as a result of government subsidies offered under Medicare Part D provisions. There are several options that county governments may exercise as it relates to these subsidies. The NCACC recommends that counties who currently cover retirees explore the Primary Employer Subsidy (Option 1) approach, Counties who wish to exercise the Primary Employer Subsidy must take four steps by Sept. 30, 2005, one of which is an actuarial study. The cost of the study could range anywhere from $3,000 to $5,000, depending on the size of your county and other factors. • Click here for more information, RMP to hold four Regional Advisory Committee meetings in September During the month of September, the Association's Risk Management Pools will hold four Regional Advisory Committee meetings. These meetings are open to all counties and county entities. Please send your RSVP to Amy Kunkle at the Raleigh office indicating which meeting you wish to attend. The Regional Advisory Committee meetings offer the Association a chance to meet with members to learn about their risk management needs, gain feedback about the Pools and learn how the Pools can improve their services to members Members attending these meetings set the agenda and discuss topics that are of interest to them, Along with your RSVP, please let us know what topics you wish to discuss, Each meeting begins at 9:30 a.m. with networking opportunities and light refreshments, Formal sessions will run from 10 a.m - 2 p.m. Lunch will be provided. The four meeting dates and locations are: • Sept. 8 — Alamance County Youth Services Building (in downtown Graham) • Sept, 20 — Scotland County Administrative Conference Room • Sept. 22 — Beaufort County Economic Development Center • Sept 29 — Henderson County Administration Building Commissioners Meeting Room • Click here for more information. http:// www .ncacc.org/e- newsupdates.html 9/23/2005