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