Thursday, 02 April 2015
Depleted reserve fund prompting policy changes.
With an insurance reserve fund dwindling with the likelihood that it would not survive another year, County Manager Derek Roland found himself scrambling to ensure county employees continued to be insured.
With just a little over a year on the job, Roland was faced with the dilemma of how Macon County was going to pay for its employees' insurance in the 2015-16 fiscal year. Based on the amount of money commissioners have been putting into employee insurance since 2008, and the amount of funds utilized annually from the county's insurance reserve fund, if things continue the way they are, Macon County will see a more than $1 million deficit in regards to insurance next year.
After months of meeting with the county's insurance agent, establishing a 10-person committee, and soliciting 10 different proposals from insurance providers, Roland presented commissioners with a complete overhaul of the county's insurance policy on Tuesday night. In total, the county's new insurance plan is going to come with an annual price tag of $3.8 million for the county's on average 408 employees, a $529,000 increase over what the county is currently paying.