HomeMy WebLinkAboutNovember 8, 2011 Budget Workshop Agenda PackageBOARD OF COUNTY COMMISSIONERS
BUDGET WORKSHOP
;REVISED 11171201
TUESDAY, NOVEMBER 8, 2011
IMMEDIATELY FOLLOWING THE BOCC NOVEMBER MONTHLY INFORMAL MEETING
1. CALL TOORDER -COMMISSIONER CHRIS CRAFT, CHAIRMAN, BOARD OF COUNTY COMMISSIONERS
2. HEALTH INSURANCE
-DISCUSSION: A. OPEB ACTURIAL STUDY
GRS CONSULTANT
OMB DIRECTOR
B. RECONSTITUTION OF HEALTH INSURANCE ADVISORY COMMITTEE
COUNTY ATTORNEY
TAX COLLECTOR
3. ADJOURNMENT
CONFERENCE ROOM #3
ROGER POITRAS ADMINISTRATION ANNEX
2300 VIRGINIA AVENUE, FORT PIERCE FLORIDA 34982
NOTICE: All Proceedings before this Board are electronically recorded. Any person who decides to appeal any action taken by the Board at these meetings will
need a record of the proceedings and for such purpose may need to ensure that a verbatim record of the proceedings is made. Upon the request of any party to
the proceedings, individuals testifying during a hearing will be sworn in. Any parry to the proceedings will be granted the opportunity to cross-examine any
individual testifying during a hearing upon request. Anyone with a disability requiring accommodation to attend this meeting should contact the St. Lucie County
Risk & Benefits Manager at (772) 462-1404 or TDD (772) 462-1428 at least forty-eight (48) hours prior to the meeting.
Item 2A
Board of County Commissioners
November 8, 2011, Budget Work Session
Insurance Committee Report
Comparison: Contributions for FY 2010-11 and FY
2011-12
BOCC Recommended
Member Approved Member
Contributions Rates a/o Contributions as
at 9/30/11 10/1/11 of 10/1/11
Plan 3562
Individual
Employee + 1
Family
Plan 3766
Individual
Employee + 1
Family
Total Contributions
Savings
Saved
$ 855 $ 586 $ 467
1,696 1,100 964
1,836 1,665 1,168
822 574 458
1,626 1,075 957
$ 1,696 $ 1,626 $ 1,165
$ 15,224,244 $ 12,196,835 $ 9,505,896
$ 3,027,408 $ 5,718,348
19.9% 37.6%
A B C D E F G H I
urrent
Premiums
remiums
Projected by EMI
Revenues from
Premiums Only
Percent
Decrease
From
Current
Premiums
Premiums With
Additional
Sources of
Revenues but No
Stop Loss
Payment
Percent
Decrease
From.
Current
Premiums Premiums With
Additional
Sources of
Revenues
including Stop
Loss Payment of
$411,094
Percent
Decrease
From
Current
Premiums Premiums With
Additional
Sources of
Revenues
including Stop
Loss Payment of
$350,000
Percent
Decrease
from
Current
Premiums
i PROJECTED ANNUAL REVENUE FROM PREMIUMS FY11-12
2 Premiums $15,294,460 $12,283,108 $12,196,836 $11,795,508 $11,840,100
3 Interest on Safe Harbor Fund (3% of $1,800,000) $54,000 $0 $54,000 $54,000 $54,000
4 Administrative Fee for County Operational Expenses (2.5 % of Premiums) $382,362 $0 $304,921 $294,888 $296,003
5 Payments from Stop Loss Insurance $0 $0 $0 $411,094 $350,000
6 TOTAL $15,730,822 $12,283,108 $12,555,757 $12,555,490 $12,540,103
7
8 PROJECTED ANNUAL EXPENSES FY11-12
9 Claims (10/1 to 9/30) $9,087,439 $9,087,439 $9,087,439 $9,087,439 $9,087,439
1o Stop Loss Insurance (Individual Claims Above $125,000) $1,101,000 $1,101,000 $1,101,000 $1,101,000 $1,101,000
11 Stop Loss Insurance (Aggregate Claims above $1,250,000) $37,135 $37,135 $37,135 $37,135 $37,135
iz Administrative Fee to BCBS and EMI $650,963 $650,963 $650,963 $650,963 $650,963
13 Mental Health, Substance Abuse and Employee Assistance $114,167 $114,167 $114,167 $114,167 $114,167
14 Employee and Family Health Clinic $982,192 $982,192 $982,192 $982,192 $982,192
15 County Administrative Expenses $487,220 $487,220 $487,220 $487,220 $487,220
16 County Contribution to Dental Plan $72,547 $72,547 $72,547 $72,547 $72,547
17 Disability Insurance Payments (owed from when County was self-insured) $4,333 $4,333 $4,333 $4,333 $4,333
i8 Other Post Employment Benefit (OPEB) $0 $0 $0 $0 $0
19 TOTAL $12,536,996 $12,536,996 $12,536,996 $12,536,996 $12,536,996
20
21 PROIECTED SURPLUS /DEFICIT $3,193,826 -$253,888 $18,761 $18,494 $3,107
22
23 PROJECTED PREMIUMS
24 Plan 3562
zs Individual (17 employees) $855 $590 31% $586 31% $568 34%
$570 °
33/
26 Employee+ 1 (18 employees) $1,696 $1,108 35% $1,100 35% $1,064 37% $1,068 37%
27 Family (22 employees) $1,836 $1,677 9% $1,665 9% $1,611 12% $1,617 12%
2s Plan 3766
29 Individual (303 employees) $822 $578 30% $574 30%
$556
32%
$558
32%
3o Employee+l (247 employees) $1,626 $1,083 33% $1,075 34%
$1,039
36% $1,043 36%
31 Family (314 employees) $1,696 $1,638 3% $1,626 4% $1,572 7% $1,578 7%