The Hancock County Board of Supervisors on Monday approved a new employee insurance plan which will allow employees to keep their spouses insured, officials said.
"Our goal is to continue to provide affordable insurance for our employees and their families," board Vice-President Steve Seymour said Tuesday. "We want our employees to be able to keep their minds on their job instead of stuff like insurance."
A few weeks ago, supervisors faced the possibility of having to cut employees' spouses from the county's insurance, if the county continued to be self-insured.
Under a self-insured plan, the county pays a majority of the claims.
If claims are low, then the county saves money.
If claims are high, however, then the county could lose money.
Such was the case last year, officials said, when the county experienced a high volume of insurance claims.
The county has 254 employees on its insurance plan and 94 of them have spouses included.
Faced with a possible $800,000 increase in insurance payments this year, supervisors decided to scrap the self-insured plan and go with a fully-insured plan.
Under the fully-insured plan, the county pays a set rate for coverage and the insurance provider takes the risk or reaps the rewards depending on the amount of claims, officials said. The county's new plan is with United Health Care. It will take effect on May 1.
Under the plan, employees will be able to keep spouses on their respective plans if they so choose.
Seymour said employees may see a slight raise in their monthly contributions to their individual plans.