DEPARTMENT: Employee Relations
FILE TYPE: Consent Action
TITLE
title
Approval Of 2023 Medical Plans And Premium Rates
end
RESOLUTION
body
WHEREAS, PreferredOne has administered the County’s self-funded medical plan since January 2013; and
WHEREAS, proposed premium rates for 2023 have been identified, taking into account utilization and claims experience of the three Plans, medical trends, Affordable Care Act fees, and administrative expenses; and
WHEREAS, self-funded medical plan expenses projected for 2023 result in a rate increase of 6.5 percent increase in the Advantage Plan, 4.9 percent increase in the Select Plan, and 4 percent increase in the HSA plan.
NOW, THEREFORE, BE IT RESOLVED, That the Dakota County Board of Commissioners hereby approves the rate increase of 6.5 percent for the Dakota Advantage Plan, 4.9 percent increase in the Dakota Select Plan, and 4 percent increase for the Dakota Health Savings Account Plan.
end