Pulaski County Commissioners Brace for Insurance Premium Spike

Pulaski County Commissioners Larry Brady, Vice President Terry Young, and President Tracey Shorter
Pulaski County Commissioners Larry Brady, Vice President Terry Young, and President Tracey Shorter
Health insurance premiums for Pulaski County employees are expected go go up about 20 percent when it’s time to renew. Insurance agent Dave Bennett stresses that’s a best guess and a lot of factors could play into the increase. He tells the commissioners he should have hard numbers for them in mid-June so they can make a decision in July. A lot of the uncertainty, and possible increase in cost, has to do with implementation of the federal Affordable Care Act. The county has offered health insurance through Cigna for several years. Commissioners asked Bennett to get rates from some other companies as well. One option the commissioners could consider if costs get too far out of hand is to no longer offer health insurance as a benefit to employees and pay $188,000 in penalties instead. Bennett stresses this isn’t really an option, as the 124 full-time employees who qualify for health insurance would expect pay raises to make up for the lost benefit.