Retiree benefits also under scrutiny
In the future, Macon County may offer its employees an option when they sign up for the county’s insurance program. During the a mid-year work session on Jan. 29, the board of commissioners discussed the possibility of adding a Health Savings Account (HSA) plan to the county's program that would be optional for employees. At the same meeting the board also discussed possible modifications to the current employee policy regarding retiree benefits that could affect post-retirement insurance benefits for future county employees.
An HSA is pre-taxed medical savings account that is available to individuals enrolled in high deductible health plans (HDHP). In most such plans, unused funds roll over and accumulate year to year. HSAs are owned by the individual and may be used to pay for qualified medical expenses and medications at any time with federal tax liability.