Item Description:
title
Establish 2024 health plan and premium rates for self-insured health care program applicable to employees, eligible dependents and retirees and authorize a one-time contribution of approximately $500,000 from the health plan reserves to FSA accounts of employees who were members of the former (HHS/NP) Advantage Plan on December 31, 2022, and who enroll in a health plan for 2024
end
Resolution:
body
BE IT RESOLVED, that the Hennepin County Board of Commissioners establish the 2024 Hennepin County Employee health care plan and premiums; and one-time funding of flexible spending accounts in 2024 for active employees who were members of the former Hennepin Healthcare Advantage plan in 2022.
end
Background:
Premium determination:
Premiums are actuarially determined by use of historical and current claims information, population risk factors and expected medical inflation.
Health Care Plan Enrollment:
Average 2023 Enrollment
Employee Only 4,540
Employee + Spouse 788
Employee + Child(ren) 1,334
Employee + Family 2,023
Total Employees Enrolled 8,685
Health premium rates and plan design:
See attachments
Flexible Spending Account (FSA):
Hennepin County will make a one-time contribution of approximately $500,000 from the health plan reserves to FSA accounts of employees who were enrolled in the former Hennepin Healthcare System/North Point (HHS/NP) Advantage Plan on December 31, 2022, and who enroll in a health plan for 2024. Individual contributions as follows:
Employee only: $300
Employee + spouse, employee + children, employee + family: $500
• Contribution may be used, at employee discretion, for reimbursement of medical, dental, vision or other eligible healthcare expenses (e.g., deductibles, copays and coinsurance).
• County contribution is not taxable income to employee
• $500 is the IRS annual limit for employer contributions for 2024
recommendation
Recommendation from County Administrator: Recommend Approval