1. 2019/2020 Actuary Report and Rates

2. Actuary Report Overview
17/18 Claims and admin. costs
17/18 Net total of claims
Trend those costs out for 18 months
10% Medical, 12% RX, 5% Dental, 5% Vision and 3% Admin. costs
Prior to this year’s report, Stop Loss, County Pharmacy and Vision were all employer/County paid expenses in the rate calculations – this year all those costs are included and shared with employees/retirees. This was done because of the Board’s new employer rate calculation.
COBRA Rates were increased sharply because of the new employer premiums implemented 7/1/18 - this rate study took those rates into the premium calculation for the first time.
Additional factors added only to the employer premium, outside of the report, are employer paid life insurance and employee assistance program ($345K).
Retiree transfer should be 4.1m now. With new rates it should be 4.2m. Currently at 4.0m.

3. Actuary Report Overview Continued
Employer and Employee rates are calculated with a 1/1 effective date. The employer rate is typically implemented 6 months later at the beginning of the new FY.
Proposed employee rates have a 3.5% ($6 monthly) increase for single coverage and a 3.4% ($14) increase for family coverage. Single = $179 Family = $420
Six months of the proposed employee/retiree rates equal $73,944 in increased premium revenue. Twelve months = $147,888
Retiree premiums OV65 reduced because the reduction in the PMI renewal.
Employee/retiree rates were increased 3% on 1/1/18. Prior to that, 2017 rates were frozen from the 2016 level. The same occurred in 2015.
We are at a 81.6% employer and a 18.4% employee/retiree percentage share of the costs based on premiums.
Employer rates increased 6.8% ($52) single and 4.8% ($86) family.
Employer rate increases premium revenue by $1,040,832 over 12 months.

4. Actuary Report Overview Continued

5. Actuary Report Overview Continued

6. Actuary Report Overview Continued