April 28--Stokes County will have to pay $232,560 more for employee health insurance next year, a 15 percent increase over this year's insurance costs.
County Clerk Darleen Bullins said that the rate was the best the county would be able to get, due partially to high claims this year but also to increasing costs as a result of the Affordable Care Act.
"We started out at 26 percent increase and were able to negotiate it down to 15 percent," she said. "It has been increasing ever since we came out of the pool. The Affordable Care Act made a big difference this time as well."
Stokes CountyBoard of Commissioners Chair Leon Inman said the increase equated to almost a one cent property tax increase.
"It is not getting any easier," he said. "I know Darleen has spent numerous hours on this and what you see before you is the absolute best deal out there."
Under the proposed rates county employees will not see any changes in benefits and dental and life insurance rates will not increase.
Commissioners unanimously agreed to accept the proposed rates.
Nicholas Elmes may be reached at 336-591-8191 or on Twitter @NicholasElmes.
___
(c)2016 The Stoke News (Walnut Cove, N.C.)
Visit The Stoke News (Walnut Cove, N.C.) at www.thestokesnews.com
A.M. Best Revises Outlook to Positive for Wilton Re Ltd and Its Subsidiaries
Advisor News
- Flourish brings private-bank-like cash solution to MassMutual’s network
- Majority of Americans concerned recent market highs are unsustainable
- GLP-1 users choose between medication and retirement saving
- Gen X and millennials seek new retirement model
- Are families ready for the costs of aging at home?
More Advisor NewsAnnuity News
- New class-action lawsuit targets Delaware Life over annuity disclosures
- A client remarried: Does their annuity still fit?
- Gen X and millennials seek new retirement model
- Global Atlantic names Dan Farrelly head of IMO and IBD channels
- A rising retirement challenge: The license to spend
More Annuity NewsHealth/Employee Benefits News
Life Insurance News