Horry County Council to vote on county employee retiree health insurance changes [The Sun News, Myrtle Beach, S.C.] - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Advertise
    • Contact
    • Editorial Staff
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
June 15, 2012 Newswires
Share
Share
Tweet
Email

Horry County Council to vote on county employee retiree health insurance changes [The Sun News, Myrtle Beach, S.C.]

Brad Dickerson, The Sun News, Myrtle Beach, S.C.
By Brad Dickerson, The Sun News, Myrtle Beach, S.C.
McClatchy-Tribune Information Services

June 16--The Horry County Council will consider a resolution at Tuesday's meeting to make changes to the retiree health insurance plan, a measure that would affect the almost 2,000 county employees currently on the payroll.

This recommendation comes from the county administration committee and calls for retiree health insurance coverage through the county to cease after Medicare becomes the retiree's primary insurance, and start funding a monthly contribution to a health reimbursement arrangement account.

That account would allow the retiree to purchase a Medicare supplement plan or use the money for qualifying medical costs. The amount of the monthly contribution would be based on the rates of available Medicare plans.

A monthly contribution of $150 for a retiree qualifying for a 100 percent subsidy would begin in 2013. That amount would be subject to an annual increase of no more than 3 percent per year.

Also, the administration committee recommends grandfathering existing plan provisions, except as amended with the Medicare change, for all employees who are either 62 years old or have 23 years of county service as of Dec. 31. Of the 1,971 active employees, an estimated 271 will be grandfathered.

The other 1,700 non-grandfathered employees would have a minimum retirement age of 62 and the 75 percent of premium paid by the county for 23 to 27 years of service would be taken away.

For employees rehired before June 30, 2011 who had previously worked a minimum of 60 consecutive months as a full-time regular employee, they will be allowed to participate in the retiree health insurance plan.

These recommendations would bring retirement benefits back to newer hires.

In December 2010, the County Council approved a resolution discontinuing Horry County's payments toward retiree health insurance premiums for those employees hired July 1, 2011 and thereafter. The resolution cited current and projected budget constraints as the reason for the change.

In 1994, Horry County began paying for health insurance for retiring employees. Regular retirees with 28 years of service or more get 100 percent of their premium paid by the county. Those with 23 to 27 years get 75 percent of the premium taken care of, while those with 15 to 22 years have half of the premium paid.

Contact BRAD DICKERSON at 626-0301.

___

(c)2012 The Sun News (Myrtle Beach, S.C.)

Visit The Sun News (Myrtle Beach, S.C.) at www.thesunnews.com

Distributed by MCT Information Services

Wordcount:  397

Newer

BRIEF: Hancock CEO Jim Boyle set to retire in September [Boston Herald]

Advisor News

  • Study finds more households move investable assets across firms
  • Could workplace benefits help solve America’s long-term care gap?
  • The best way to use a tax refund? Create a holistic plan
  • CFP Board appoints K. Dane Snowden as CEO
  • TIAA unveils ‘policy roadmap’ to boost retirement readiness
More Advisor News

Annuity News

  • $80k surrender charge at stake as Navy vet, Ameritas do battle in court
  • Sammons Institutional Group® Launches Summit LadderedSM
  • Protective Expands Life & Annuity Distribution with Alfa Insurance
  • Annuities: A key tool in battling inflation
  • Pinnacle Financial Services Launches New Agent Website, Elevating the Digital Experience for Independent Agents Nationwide
More Annuity News

Health/Employee Benefits News

  • Idaho is among the most expensive states to give birth in. Here are the rankings
  • Some farmers take hard hit on health insurance costs Farmers now owe a lot more for health insurance (copy)
  • Providers fear illness uptick
  • JAN. 30, 2026: NATIONAL ADVOCACY UPDATE
  • Advocates for elderly target utility, insurance costs
More Health/Employee Benefits News

Life Insurance News

  • AM Best Affirms Credit Ratings of Etiqa General Insurance Berhad
  • Life insurance application activity hits record growth in 2025, MIB reports
  • AM Best Revises Outlooks to Positive for Well Link Life Insurance Company Limited
  • Investors holding $130M in PHL benefits slam liquidation, seek to intervene
  • Elevance making difficult decisions amid healthcare minefield
More Life Insurance News

- Presented By -

Top Read Stories

More Top Read Stories >

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Elevate Your Practice with Pacific Life
Taking your business to the next level is easier when you have experienced support.

LIMRA’s Distribution and Marketing Conference
Attend the premier event for industry sales and marketing professionals

Your trusted annuity partner.
Knighthead Life provides dependable annuities that help your clients retire with confidence.

What if Your FIA Cap Didn’t Reset?
CapLock™ removes annual cap resets for clearer planning and fewer surprises.

Press Releases

  • Financial Independence Group Marks 50 Years of Growth, Innovation, and Advisor Support
  • Buckner Insurance Names Greg Taylor President of Idaho
  • ePIC Services Company and WebPrez Announce Exclusive Strategic Relationship; Carter Wilcoxson Appointed President of WebPrez
  • Agent Review Announces Major AI & AIO Platform Enhancements for Consumer Trust and Agent Discovery
  • Prosperity Life Group® Names Industry Veteran Mark Williams VP, National Accounts
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Advertise
  • Contact
  • Editorial Staff
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.
Insurance News | InsuranceNewsNet