Lake County, IL
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File #: 20-1191    Version: Name: Resolution approving the Lake County (County) Fiscal Year (FY) 2020 Health Insurance Plan.
Type: resolution Status: Passed
File created: 8/26/2020 In control: Financial & Administrative Committee
On agenda: Final action: 9/8/2020
Title: Resolution approving the Lake County Fiscal Year (FY) 2021 Health Insurance Plan.
Attachments: 1. FY2021_Health_Insurance(V2).pdf

Title

Resolution approving the Lake County Fiscal Year (FY) 2021 Health Insurance Plan.

 

Staff Summary

                     The Human Resources Department has worked in conjunction with the County’s health insurance consultant, Segal Consulting, to present options for the County’s FY 2021 Health Insurance Plan.

                     Based on this recommendation, the projected increase in costs for FY 2021 is $2,191,700, for a total projected cost of $43,321,000, and represents a 6.6 percent increase above the FY 2020 budget.

                     The design of the insurance plan has not changed and both the County’s and employee’s premiums will be determined by the County Board at a future date.

 

Body

RESOLUTION

 

WHEREAS, the Human Resources Department worked with the County’s health

insurance consultant, Segal Consulting, to derive the County’s annual healthcare program design and budget; and

 

WHEREAS, based on Segal’s review, the projected increase in costs is $2,191,700, for a total project cost of $43,321,000, in 2021; and

 

WHEREAS, the design of the insurance plan has not changed and changes to the County’s and employee’s premiums will be determined by the County Board at a future date.

 

NOW, THEREFORE, BE IT RESOLVED, by this County Board of Lake County, Illinois, that the County’s health plan for Fiscal Year 2021, is hereby approved.

 

DATED at Waukegan, Illinois, on September 8, 2020.