TITLE
Title
MEDICARE ADVANTAGE PLAN FOR 2021
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SPONSOR
Sponsor
Clarence Grier (Carol Campbell)
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BACKGROUND
Background
Medicare-eligible retirees who meet the required criteria are currently covered by a Medicare Advantage plan that costs a total of $257.55 monthly. The County contributes $203.12 on behalf of 30-year retirees. For 2021, the total monthly premium will decrease to $231.80. This reduction is made possible by the elimination of Affordable Care Act (ACA) insurer taxes for 2021. It is anticipated that the County contribution will remain constant at $203.12, with the retiree paying the balance, as has been the County's practice since the 2014 plan year. This will result in a 30-year retiree's premium decreasing from $54.43 to $28.68, a monthly savings of $25.75 for the retiree.
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BUDGET IMPACT
Budget Impact
NO ADDITIONAL COUNTY FUNDS REQUIRED
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REQUESTED ACTION
Requested Action
Approve contract with United Healthcare to provide Medicare-eligible qualified retirees with the current MedicareAdvantage plan, with no plan changes, except with regard to the premiums. Approve a rate of $231.80 with the County contribution remaining the same at a maximum of $203.12 per retiree.
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