Broward County Commission Regular Meeting
Director's Name: George Tablack
Department: Finance and Administrative Services Division: Human Resources
Information
Requested Action
title
MOTION TO APPROVE proposed health insurance funding for calendar year (plan year) 2021.
body
Why Action is Necessary
Board approval is necessary to amend the County's insurance rates for calendar year 2021.
What Action Accomplishes
Provides for continuation of health and pharmacy insurance for calendar year 2021 and approves the items necessary to prepare informational material for open enrollment, which is scheduled to begin on October 19, 2020.
Is this Action Goal Related
No
Previous Action Taken
None
Summary Explanation/Background
THE FINANCE AND ADMINISTRATIVE SERVICES DEPARTMENT AND THE HUMAN RESOURCES DIVISION RECOMMEND APPROVAL OF THE ABOVE MOTION.
As a result of rising medical and pharmacy costs and the potential impact of COVID-19 on claims, the County has worked with its benefits consultant (USI, Inc.), its health insurance administrator (UnitedHealthcare), and its pharmacy benefits manager (OptumRx) to make the following recommended changes to the County's medical and pharmacy plans and programs. To prepare for open enrollment for calendar year 2021, currently scheduled to begin on October 19, 2020, this item seeks Board approval of the funding for health and pharmacy benefits as follows:
Health Plans:
* Increase employee rates to share cost of $4.4M (6.4%) increase for health and pharmacy. Exhibit 1 reflects a cost-share of 67% to the County and 33% to the employee.
* Continue funding the Health Savings Account for the HDHP Base and HDHP Out-of-Network plans at the 2019 level (Single Coverage $1,200/Dependent/Family Coverage $2,400 per year).
Pharmacy Plan:
* No changes in plan design.
Waiver Credit:
* Reduce Waiver Credit provided to employees who waive County health insurance due to enrollment under their spouse or parent, another group health...
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