Action 9.
Regular Board of Supervisors Meeting
Human Resources
- Meeting Date:
- 02/25/2025
- Title:
- Cochise Combined Trust premium rate, fiscal year 2025 - 2026
- Submitted By:
- Jennifer Graeme, Human Resources
- Department:
- Human Resources
Presentation:
PowerPoint
Recommendation:
Approve
Document Signatures:
BOS Signature NOT Required
# of ORIGINALS
Submitted for Signature:
Submitted for Signature:
0
NAME
of PRESENTER:
of PRESENTER:
Jennifer L. Graeme
TITLE
of PRESENTER:
of PRESENTER:
Director of Human Resources
Mandated Function?:
Federal or State Mandate
Source of Mandate
or Basis for Support?:
or Basis for Support?:
Docket Number (If applicable):
Information
Agenda Item Text:
Approve the Cochise Combined Trust premium rate structure for medical, dental and vision benefits for fiscal year 2025 - 2026.
Background:
Cochise County is part of Cochise Combined Trust, which includes Cochise County, Cochise College and Central Arizona College. The Trust works with Gallagher Benefit Services for a variety of benefits services, providing a quality benefit package which is compliant and ensures the financial health of the Trust.
In January, Cochise Combined Trust voted unanimously to approve a benefit plan and rate structure plan for fiscal year 2025-2026. Through the Trust, Cochise County will offer three medical/prescription plans to its employees: EPO (Exclusive Provider Organization), Buy-Up EPO, and a HDHP (High Deductible Health Plan). Fiscal year 2025- 2026 will experience an increase in the premium for the EPO Buy-Up. Dental and vison rates will remain the same.
In January, Cochise Combined Trust voted unanimously to approve a benefit plan and rate structure plan for fiscal year 2025-2026. Through the Trust, Cochise County will offer three medical/prescription plans to its employees: EPO (Exclusive Provider Organization), Buy-Up EPO, and a HDHP (High Deductible Health Plan). Fiscal year 2025- 2026 will experience an increase in the premium for the EPO Buy-Up. Dental and vison rates will remain the same.
Department's Next Steps (if approved):
If approved, open enrollment will begin on April 1, 2025, and end on April 30, 2025, for an effective date of July 1, 2025. Informational presentations will take place on March 26, 2025 and HR staff will be available to answer any questions to assist the employee in decision making. Employees will make any desired changes to their benefits in ADP.
Impact of NOT Approving/Alternatives:
Open enrollment will be delayed and potential loss of coverage to employees.
To BOS Staff: Document Disposition/Follow-Up:
n/a
Fiscal Impact
Fiscal Impact & Funding Sources (if known):
9,009,584