Action 11.
Regular Board of Supervisors Meeting
Human Resources
- Meeting Date:
- 03/12/2024
- Title:
- Health Benefits Rates and Changes for Plan Year 2024 - 2025
- 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?:
Not Mandated
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 2024 - 2025.
Background:
In February, Cochise Combined Trust, which includes Cochise County, Cochise College, and Central Arizona College, voted unanimously to approve a benefit and rate structure plan for fiscal year 2024-2025. 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). The county offers a dental and vision plan to its employees. Dental rates will be increased next fiscal year and vision rates remain the same.
For fiscal year 2024-2025, premium rate increases will take place and vary by plan.
For fiscal year 2024-2025, premium rate increases will take place and vary by plan.
Department's Next Steps (if approved):
If approved, open enrollment will begin on April 1, 2024, and end on April 30, 2024, for an effective date of July 1, 2024. Informational presentations will take place on March 26, 2024. 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:
Inform Human Resources of the Board's final vote on the agenda item.
Fiscal Impact
- Fiscal Year:
- 24/25
Fiscal Impact & Funding Sources (if known):
9,009,584