COVINGTON -- County commissioners were presented with two options for the employees' insurance plan at a budget work session held Monday at Nelson Heights Community Center: They can keep the current plan as it is, which would cost the county an additional $425,700, or go with a modification to coinsurance percentages in a second option that would cost the county only $22,133.
Gary Massey of Gary Massey Insurance Inc. in Covington, the county's insurance consultant and broker, told commissioners that keeping the Blue Cross Blue Shield plan exactly as it is would cost $425,700, based on the last enrollment census of 115 employees signed up for single coverage and 405 signed up for family coverage.
A second option would be to change coinsurance -- currently, the employee percentage is 10 percent and that would be increased to 20 percent. The coinsurance is the percentage the insurer and the insured pays for outpatient visits, hospital stays or anything outside the copay after the deductible is met.
Medical rates would remain the same and the county would absorb an increase in dental, Massey said. That option would cost the county only $22,133 and would not impact employee premiums or copays.
"I think that is a very good renewal for us to have that it can stay flat with just that one increase in it," Massey said.
Total rates, including both employee and county contributions, for the second option would be $480 a month for single coverage and $1,133 for family coverage on medical, and $25.64 a month for single coverage and $71.96 for family coverage on dental. Employees pay 21.69 percent of rates, Massey said. Employees cannot opt out of dental coverage as medical and dental are offered bundled. There is a voluntary plan for vision coverage.
Massey asked that the matter be put on the board's Tuesday agenda so that there will be ample time to issue cards and plan booklets and make the necessary updates if the board opts to change the coinsurance.