ALLEGHANY COUNTY PUBLIC SCHOOLS

ALLEGHANY COUNTY PUBLIC SCHOOLS

ALLEGHANY COUNTY PUBLIC SCHOOLS

FY2019 HEALTH INSURANCE RATES WITH PREMIUM INCREASE

FY2019 HEALTH INSURANCE RATES WITH PREMIUM INCREASE

FY2019 HEALTH INSURANCE RATES WITH PREMIUM INCREASE

FUND 1 ONLY

FUND 1 ONLY

FUND 1 ONLY

February 5, 2018

February 5, 2018

February 5, 2018

FY2018 KA250 With Comprehensive Dental

FY2018 KA1000 With Comprehensive Dental

FY2018 High Deductible Comprehensive Dental

Monthly

Employee

 Employer

Number

 Employer

Monthly

Employee

 Employer

Number

 Employer

Monthly

Employee

 Employer

Number

 Employer

Plan

Premium

Contrib

 Contrib

Of Plans

 Ann Cost 

Plan

Premium

Contrib

 Contrib

Of Plans

 Ann Cost 

Plan

Premium

Contrib

 Contrib

Of Plans

 Ann Cost 

Single

$728

$154

$574

109

$750,792

Single

$631

$57

$574

34

$234,192

Single

$529

$0

$529

5

$31,740

 

 

78.85%

 

 

90.97%

 

 

100.00%

Dual

$1,347

$529

$818

24

$235,584

Dual

$1,167

$349

$818

24

$235,584

Dual

$979

$161

$818

0

$0

 

 

60.73%

 

 

70.09%

 

 

83.55%

Family

$1,966

$904

$1,062

7

$89,208

Family

$1,704

$642

$1,062

18

$229,392

Family

$1,428

$366

$1,062

1

$12,744

 

 

54.02%

 

 

62.32%

 

 

74.37%

Dual - Both Work

$1,347

$199

$1,148

4

$55,104

Dual - Both Work

$1,167

$19

$1,148

1

$13,776

Dual - Both Work

$979

$0

$979

0

$0

 

 

85.23%

 

 

98.37%

 

 

100.00%

Family - Both Work

$1,966

$818

$1,148

2

$27,552

Family - Both Work

$1,704

$556

$1,148

2

$27,552

Family - Both Work

$1,428

$280

$1,148

0

$0

 

 

58.39%

 

 

67.37%

 

 

80.39%

Total

 

 

 

146

$1,158,240

Total

 

 

 

79

$740,496

Total

 

 

 

6

$44,484

FY2019 KA250 With Comprehensive Dental - New Covered Spouse Option

FY2019 KA1000 With Comprehensive Dental - New Covered Spouse Option

FY2019 High Deductible With Comprehensive Dental - New Covered Spouse Option

Monthly

Employee

 Employer

Number

 Employer

Monthly

Employee

 Employer

Number

 Employer

Monthly

Employee

 Employer

Number

 Employer

Plan

Premium

Contrib

 Contrib

Of Plans

 Ann Cost 

Plan

Premium

Contrib

 Contrib

Of Plans

 Ann Cost 

Plan

Premium

Contrib

 Contrib

Of Plans

 Ann Cost 

Single

$765

$162

$603

109

$788,724

Single

$664

$61

$603

34

$246,024

Single

$555

$0

$555

5

$33,300

 

 

78.82%

 

 

90.81%

 

 

100.00%

Dual

$1,415

$555

$860

24

$247,680

Dual

$1,228

$368

$860

24

$247,680

Dual

$1,027

$167

$860

0

$0

 

 

60.78%

 

 

70.03%

 

 

83.74%

Family

$2,066

$950

$1,116

7

$93,744

Family

$1,793

$677

$1,116

18

$241,056

Family

$1,499

$383

$1,116

1

$13,392

 

 

54.02%

 

 

62.24%

 

 

74.45%

Dual - Covered Spouse

$1,415

$683

$732

0

$0

Dual - Covered Spouse

$1,228

$496

$732

0

$0

Dual - Covered Spouse

$1,027

$295

$732

0

$0

 

 

51.73%

 

 

70.03%

 

 

83.74%

Family - Covered Spouse

$2,066

$1,078

$988

0

$0

Family - Covered Spouse

$1,793

$805

$988

0

$0

Family - Covered Spouse

$1,499

$511

$988

0

$0

 

 

47.82%

 

 

55.10%

 

 

65.91%

Dual - Both Work

$1,415

$209

$1,206

4

$57,888

Dual - Both Work

$1,228

$22

$1,206

1

$14,472

Dual - Both Work

$1,027

$0

$1,027

0

$0

 

 

85.23%

 

 

98.21%

 

 

100.00%

Family - Both Work

$2,066

$860

$1,206

2

$28,944

Family - Both Work

$1,793

$587

$1,206

2

$28,944

Family - Both Work

$1,499

$293

$1,206

0

$0

 

 

58.37%

 

 

67.26%

 

 

80.45%

Total

 

 

 

146

$1,216,980

Total

 

 

 

79

$778,176

Total

 

 

 

6

$46,692

SB Total

Increase/(Decrease)

$58,740

Increase/(Decrease)

$37,680

Increase/(Decrease)

$2,208

$98,628

FY2019 KA250 Plan Financial Impact Summary

FY2019 KA1000 Plan Financial Impact Summary

FY2019 HDHP Financial Impact Summary

Plan

Cost Impact

$$ Month

$$ Year

Plan

Cost Impact

$$ Month

$$ Year

Plan

Cost Impact

$$ Month

$$ Year

Single

Employee Increase

$8

$96

Single

Employee Increase

$4

$48

Single

Employee Increase

$0

$0

School Board Increase

$29

$348

School Board Increase

$29

$348

School Board Increase

$26

$312

Dual

Employee Increase

$26

$312

Dual

Employee Increase

$19

$228

Dual

Employee Increase

$6

$72

School Board Increase

$42

$504

School Board Increase

$42

$504

School Board Increase

$42

$504

Family

Employee Increase

$46

$552

Family

Employee Increase

$35

$420

Family

Employee Increase

$17

$204

School Board Increase

$54

$648

School Board Increase

$54

$648

School Board Increase

$54

$648

Dual - Both Work

Employee Increase

$10

$120

Dual - Both Work

Employee Increase

$3

$36

Dual - Both Work

Employee Increase

$0

$0

School Board Increase

$58

$696

School Board Increase

$58

$696

School Board Increase

$48

$576

Family - Both Work

Employee Increase

$42

$504

Family - Both Work

Employee Increase

$31

$372

Family - Both Work

Employee Increase

$13

$156

School Board Increase

$58

$696

School Board Increase

$58

$696

School Board Increase

$58

$696

Dual - Covered Spouse and Family - Covered Spouse are for ACPS 

Dual - Covered Spouse and Family - Covered Spouse are for ACPS 

Dual - Covered Spouse and Family - Covered Spouse are for ACPS 

employees whose spouse is eligible for health insurance coverage  

employees whose spouse is eligible for health insurance coverage  

employees whose spouse is eligible for health insurance coverage  

through their own employer but still opt to enroll their spouse in the   

through their own employer but still opt to enroll their spouse in the   

through their own employer but still opt to enroll their spouse in the   

ACPS plans. The ACPS contribution to the monthly premiums for these  

ACPS plans. The ACPS contribution to the monthly premiums for these  

ACPS plans. The ACPS contribution to the monthly premiums for these  

employees is reduced by 50% of the difference between the regular  

employees is reduced by 50% of the difference between the regular  

employees is reduced by 50% of the difference between the regular  

contributions for single and dual (for Dual - Covered Spouse) and    

contributions for single and dual (for Dual - Covered Spouse) and    

contributions for single and dual (for Dual - Covered Spouse) and    

between regular contributions for dual and family (for Family - Covered 

between regular contributions for dual and family (for Family - Covered 

between regular contributions for dual and family (for Family - Covered 

Spouse). During open enrollment, or initial enrollment at other times,

Spouse). During open enrollment, or initial enrollment at other times,

Spouse). During open enrollment, or initial enrollment at other times,

employees opting for dual or family coverage that includes their spouse  

employees opting for dual or family coverage that includes their spouse  

employees opting for dual or family coverage that includes their spouse  

must certify that their spouse is not eligible for health insurance   

must certify that their spouse is not eligible for health insurance   

must certify that their spouse is not eligible for health insurance   

through their employer. Spouses covered under Medicare or Medicaid 

through their employer. Spouses covered under Medicare or Medicaid 

through their employer. Spouses covered under Medicare or Medicaid 

are excluded from this provision.

are excluded from this provision.

are excluded from this provision.

Dual and Family Both Work have 2 times the highest employer contribution  

Dual and Family Both Work have 2 times the highest employer contribution  

Dual and Family Both Work have 2 times the highest employer contribution  

to single coverage applied to the premium up to the full cost of said

to single coverage applied to the premium up to the full cost of said

to single coverage applied to the premium up to the full cost of said

premium.

premium.

premium.

TLC MINIMUM CALCULATION

The High Deductible plan is paired with a Health Savings Account with the

 

 

 

 

 

Rounded Up

 

 

corresponding tax benefits. Employees who enroll in the High Deductible

 

KA250

KA1000

Average

Minimum

Minimum

 

 

Health Savings Account option will receive a one-time deposit of $500 into

Single

$765

$664

$714.50

$571.60

$572

 

 

their account (initial enrollment only). For calendar year 2018, the IRS

Dual

$1,415

$1,228

$1,321.50

$693.00

$693

 

 

limit on Health Savings Account contributions is $3,450 for single plans

Family

$2,066

$1,793

$1,929.50

$814.60

$815

 

 

and $6,900 for dual and family plans. Participants over 55 may contribute

 

 

 

 

 

 

 

 

an additional $1,000 annually.

The Local Choice requires a minimum employer contribution for single, dual, and family plans

 

 

based upon overall participation of eligible employees. If our percentage is 75% or greater then

 

 

we are only required to contribute 80% of the cost of the single plan to the dual and family plans.

 

If our participation is less than 75% then we must pay 20% of the additional cost of the dual and

 

family plans in addition to the 80% cost of the single plan. Given that we offer two plans, the

 

 

average cost of the two plans is used for the calculation. As of 1/26/18 we have 239 total  

 

 

employees participating in the plan out of 352 eligible employees (which includes School Board members)

for a 67.90% participation level. The High Deductible plan must have the minimum contribution calculated

separately using the same formula as described above.

 

 

 

 

 

 

 

 

 

 

 

 

TLC MINIMUM CALCULATION - HIGH DEDUCTIBLE

 

 

 

 

 

Rounded Up

 

 

 

 

 

HD

Minimum

Minimum

 

 

 

 

Single

$555

$444.00

$444

 

 

 

 

Dual

$1,027

$538.40

$538

 

 

 

 

Family

$1,499

$632.80

$633