March 4, 2013 - Cabarrus County

2013 – 2014 Renewal Calculation Mark III Employee Benefits
Employees FFS Medical Pharmacy Total Claims
Stop-loss
Credits
Total Mature
Claims
January-12 957 $427,257.00 $132,246.00 $570,937.00 $23,375.00 $428,514.83
February-12 951 $594,745.00 $125,732.00 $732,349.00 $18,429.00 $713,654.00
March-12 950 $751,150.00 $118,569.00 $880,898.00 $34,854.00 $845,935.00
April-12 951 $651,071.00 $126,401.00 $789,262.00 $86,088.00 $703,174.00
May-12 951 $927,553.72 $116,779.50 $1,056,123.22 $48,805.00 $1,007,318.22
June-12 936 $898,047.00 $131,728.00 $1,041,205.00 $224,473.00 $816,732.00
July-12 940 $575,316.28 $102,601.76 $677,918.04 $172,822.00 $482,699.54
August-12 933 $659,171.00 $96,350.00 $755,690.00 $113,143.00 $642,547.00
September-12 927 $493,686.00 $88,777.00 $582,512.00 $1,511.00 $581,001.00
October-12 932 $477,837.00 $105,185.00 $584,819.00 $4,084.00 $580,373.00
November-12 927 $529,727.00 $85,061.00 $614,987.00 $16,833.00 $598,154.00
December-12 924 $390,240.00 $83,208.00 $473,646.00 $26,184.00 $447,462.00
Total 11,279 $7,375,801.00 $1,312,638.26 $8,760,346.26 $770,601.00 $7,847,564.59
2013 - 2014 Renewal Calculation
Incurred Claims 1/12 thru 12/12 $7,847,564.59 Clm/ee
Trended Claims 8% 18 Months of trend - (12%) $8,789,272.34
Benefit Change $7,031,417.87
Employee Count 11,279
Fixed Cost $1,307,123.31 $115.89
HSAs - $1,000 $271,000.00
Wellness Center $396,000.00
Estimate 2013 - 2014 Cost $8,734,541.18 Budgeted
PPACA - Fee for Comparative Effectiveness Research Agency -
7/31/13 $1,313.00
PPACA - Women's Health Benefits $78,475.65
PPACA - Transitional Reinsurance Fee - 2014 - 2016 - 1/15/14 1st
Payment $83,160.00
Total - 2013 - 2014 Cost $9,168,489.83
Budgeted 2012 - 2013 Cost $7,802,699.41 $691.79
Increase 117.50% $774.41
Fees Avoided in 2014
PPACA - Health Insurance Industry Fee - Not Paid $229,212.25
State of North Carolina Premium Tax $183,369.80
Total $412,582.04
Attachment number 1
5
4-7
Page 138