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| County Legislators Hear Options to Help Stabilize Employee Health Insurance Plan Costs By: Nick Altmire (nick@linkinglewiscounty.com) 05/03/17 07:00pm |
to Tuesday evening's regular meeting, from Noelle Murphy- VP & Manager of Employee Benefits with Gilroy, Kiernan & Gilroy, on options available to help stabilize the skyrocketing costs to the county's employee health insurance plan. Lewis County, along with Lewis County General Hospital, both offer employees insurance through a county run self insured plan model. This puts a higher risk on the employer if the plan does not meet performance expectations, but allows for greater control over the plan. Ms. Murphy said another benefit of a self insured plan is that you normally don't see yearly premium increases. The county's self insured plan, which covered around 2,021 members in 2016, has seen costs exceed premiums each of the past five years. Over this same time, overall premiums for individual coverage have increased from an average of around $453/month in 2012 to $688/month in 2016. Of the $688/month average premium amount for 2016, the county's share for each employee averaged $516/month while the employee share was $172/month.
help control costs, including:
include:
overuse of the plan by having those who use the plan more pay more as opposed to having everyone pay more. The plan could also be changed to encourage more use of Lewis County General Hospital services and their affiliates. A second plan could be added on a voluntary basis to include greater cost sharing for covered services, while carrying a lower monthly premium. This plan could include three tiers, offering single coverage, coverage for two, or family coverage options. It will be up to the board to decide what, if any, changes should be made to the plan in the future. Ms. Murphy suggested the self insured model is probably still the best model for the county to use. |

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