1992 - 04-20-92 Regular Meeting - Laserfiche WebLink

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aoo~ 19 ;rc~ 6 2 7 79 Lee County Hospitalization Plan Renewal Information County Cost Benefits Plan For Individual (currently 236 have this type coverage) Employee Cost For Family If County Pays Full Individual Premium (currently 40 have this coverage) Current Coverage: 80/20 - Non PPO - No Life Benefit $ 120 $ 170 (Premium $120/$290) To retain current coverage in next Fiscal Year - $119,212 $ 156 ($36 Increase) $ 226 ($56 Incr.) additional County Cost to ($92 Total fund all of individual premium. Incr.) (Premium $156/$382) To retain current coverage but raise deductible to $300/$900 $ 148 ($28 Increase) $ 215 ($45 incr.) family maximum - $92,736 ($73 Total additional County cost to fund all Incr.) of individual premium. (Premium $148/$363) To retain current coverage but raise deductible to $350/$1050 $ 145 ($25 Increase) $ 210 ($40 Incr.) family maximum - $82,800 ($65 Total additional County cost to fund all Incr.) of individual premium. (Premium $145/$355) **To go with PPO plan $200 deductible plus have $10,000 life insurance on $ each employee ($3 of the premium is for the mandatory life insurance) - $102,672 additional County cost to fund all of individual premium. (Premium $151/$366) 151 ($31 Increase) $ 215 ($45 Incr.) ($76 Total Incr.) **To go with PPO plan $300 deductible plus have $10,000 life insurance on $ each employee ($3 of the premium is for the mandatory life insurance) - $76,176 additional County cost to fund all of individual premium. (Premium $143/$347) 143 ($23 Increase) $ 204 ($34 Incr.) ($57 Total Incr.) **This plan is a group plan sponsored by the NC Assn. of County Commissioners NOTE: To absorb $15 of any increase in individual premium would cost the County an additional $49,680.