Health Insurance Options 2024-25 Plan Year

Option 1 Increase deductibles and max out of pocket costs; Increase premiums 15%
Option 2 Increase premiums 15%; $3 million transfer from General Fund
Option 3 Increase deductibles, max out of pocket costs; Increase premiums 7.5%; $7 million transfer from General Fund
Option 4 Increase deductibles and max out of pocket costs by 50% of recommended increases; Increase premiums by 7.5%; $8.5 million transfer from General Fund
Option 5 Increase premiums by 7.5%; $11.5 million transfer from General Fund

PPO*
Proposed Increase
Option 1 Option 2 Option 3 Option 4 Option 5
Max out of Pocket $ 2,200.00 $ - $ 2,200.00 $ 1,100.00 $ -
Premium $ 1,119.60 $ 1,119.60 $ 561.60 $ 561.60 $ 561.60

TOTAL ANNUAL COST INCREASE TO EMPLOYEE $ 3,319.60 $ 1,119.60 $ 2,761.60 $ 1,661.60 $ 561.60

Estimated deficit covered by Fund Balance $0 $3,000,000 $7,000,000 $8,500,000 $11,500,000

POS*
Proposed Increase
Option 1 Option 2 Option 3 Option 4 Option 5
Max out of Pocket $ 2,000.00 $ - $ 2,000.00 $ 1,000.00 $ -
Premium $ 1,016.40 $ 1,016.40 $ 510.00 $ 510.00 $ 510.00

TOTAL ANNUAL COST INCREASE TO EMPLOYEE $ 3,016.40 $ 1,016.40 $ 2,510.00 $ 1,510.00 $ 510.00

Estimated deficit covered by Fund Balance $0 $3,000,000 $7,000,000 $8,500,000 $11,500,000

*The numbers used in this analysis reflect the change in max out of pocket and premiums for the PPO and POS plans that
include the employee +family