ANDERSON — By altering insurance corporations for worker health care, Madison County will save $2.8 million subsequent 12 months.
John Gause, president of Apex Benefits, defined Tuesday in the course of the Madison County Commissioners’ assembly that by switching from Anthem to PHCS, the county’s whole price for worker health insurance can be diminished from $12.1 million to $9.3 million.
Madison County is self-insured, so it’s accountable for a portion of health care costs, after which the health insurance coverage kicks in to cowl the remaining costs.
During discussions in regards to the 2023 county price range, Madison County was knowledgeable it had to enhance the price range in the final fund by $2 million to a complete of $6 million.
Gause stated Anthem wished a 29% enhance in insurance costs if the county renewed the coverage.
“We’re moving to another provider,” he stated. “There will be no increase in costs and no changes in the employee deductibles and benefits.”
Apex was employed by the county in September 2021 because the third-party declare adjuster.
Gause stated a evaluation of the claims confirmed the county was owed $957,718 because of claims associated to COVID-19.
He stated Apex was additionally to decrease the quantity owed by the county for one worker’s health care costs from $1 million to $750,000.
Gause stated an issue the county confronted was no enhance in the price range for health insurance costs for a number of years.
For subsequent 12 months, the County Council budgeted $5.4 million for health care insurance in the final fund price range.
“This is a significant amount of savings,” stated Commissioner John Richwine.
Beatrice Ramey, director of the Human Resources Department, inspired staff to use the county’s health clinic.
“It’s vital to keep using the clinic,” she stated. “It helps keep costs down.”