County facing high health insurance costs - 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
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • 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
November 21, 2021 Newswires
Share
Share
Post
Email

County facing high health insurance costs

News-Sun (Sebring, FL)

SEBRING - Highlands County commissioners voted to move a large amount of general fund dollars, if needed, into the insurance fund to make sure it stays solvent.

With luck, however, they may be able to use some of their allocation under the America Rescue Plan Act to defray some of those costs and save the trouble of having to move almost $500,000, just from the general fund, to cover part of an almost $1 million shortfall.

Business Services Director Tanya Cannady said the county's self-funded employee benefit plan, comprising medical, dental and wellness components, has 907 participants, including spouses and dependents of employees. Claims have outweighed contributions to the tune of close to $1 million, Cannady said, and the fund is running into a deficit.

She recommended commissioners transfer $375,000 of surplus funds from the dental fund into the health fund, and then put another $500,000 into the health fund, gathered from the various cost centers that pay for the various employees on the plan.

Once that's done, Cannady said, the fund should be in the black, for now.

She said the county might be able to use America Rescue Plan Act funds to pay for medical costs related to COVID-19, if the county's consultant on ARPA funds thinks they can do it.

It's possible. Cannady said the county, in just six months from March 1 to Sept. 30 of this year, had $502,000 in COVID-related costs, and another $12,000 in COVID-19 vaccination costs.

County Administrator Randy Vosburg asked commissioners to include in their motion that the county should look at using the ARPA funds first, before any transfers.

Clerk of Courts Jerome Kaszubowski said his accounting staff has forecast the financial health of the fund.

"We're also hopeful, but we're not as optimistic as some, based on our forecast," Kaszubowski said.

Last year, the entire employee benefit fund was at $994,000, Kaszubowski said, and this year started at negative $467,000: A $1.4 million loss in one year. The health fund, he said, went from $582,000 on Sept. 30, 2020, to negative $912,000 for a $1.5 million loss, in just health claims.

The benefit fund balance, as of Oct. 31, Kaszubowski said, was negative $781,000. Health and dental claims for the first two weeks of November, he said, are $652,000, which would far outstrip the planned transfer.

"Hopefully they can get better in the next two weeks of November, but if they don't you can do the math," Kaszubowski said.

Commissioner Chris Campbell said he hoped that those expense numbers would start going down with the change in insurance companies this year. He added that many people may have been rushing to get in their doctor appointments in September, after the height of the pandemic and before the annual benefits turned over.

Cannady said she is monitoring those costs on a weekly basis now.

Commissioner Kevin Roberts asked if it's a "probability" that the county could get $500,000 or more covered by ARPA. Vosburg said he was "95% sure," based on recently-passed legislation on the use of those funds.

"We just want to have our consultant also concur with that opinion," Vosburg said.

One big caveat, he said, is that the money would have to come, in pieces or as a whole, from one or many of the projects they had listed in the spending plan, which included sewer extension to the Emergency Operations Center and other such infrastructure.

Commissioner Arlene Tuck asked if this would clear up the budget from Fiscal Year 2020-21. Cannady said it would. Tuck then asked if the county could be in the same position next fall - running a big health fund deficit - and Cannady said that's a possibility.

Commissioner Scott Kirouac asked how much of the vaccination costs were the actual vaccines. Vosburg said it may be vaccines, but also drugs used to treat COVID-19 symptoms.

Vosburg said he needed to have commissioners make a decision that day, so funds can be moved over before year's end, for auditing purposes.

Older

Aging Matters Aging Matters: Online, telephone Medicare workshop Monday

Newer

Cap On Drug Price Hikes For Privately Insured Sparks Battle

Advisor News

  • Navigating client communication in a digital age
  • Can your advisory firm survive without you?
  • I started using AI, but what now?
  • How to support an entrepreneur client with multiple businesses
  • Could a narrower focus help grow your practice?
More Advisor News

Annuity News

  • Solen Software Group Acquires Cooperative Technologies, Provider of 1035 Exchange and Annuity Replacement Software
  • MassMutual Expands Lending Options With New Secured Credit Line
  • Corebridge Financial Introduces Progressive Trigger, a First-of-Its-Kind Index Annuity Strategy Designed to Turn Missed Years into Future Opportunity
  • Insurer proposes $1.1M deal to resolve CA teachers’ annuity fee lawsuit
  • IMOs get frustrated with slow carrier adoption of faster technology
More Annuity News

Health/Employee Benefits News

  • Health plans task force fight Medicaid fraud
  • Recent Findings from Brown University Provides New Insights into Managed Care (Use of Brokers In Medicare Advantage and Standalone Part D Plans): Managed Care
  • More than 1,700 Pottawattamie County residents face Medicare plan cancellations
  • KENTUCKY CAN CUT HEALTH PREMIUMS WITHOUT SPENDING A DIME
  • SpecialtyCare sues Anthem over $2.5 million in unpaid awards
More Health/Employee Benefits News

Life Insurance News

  • Americans Worry They Can’t Afford Health Care in Retirement, Allianz Life Study Finds
  • Solen Software Group Acquires Cooperative Technologies, Provider of 1035 Exchange and Annuity Replacement Software
  • Virginia orders Atlantic Coast Life to halt new business Nov. 1
  • AM Best Affirms Credit Ratings of China Taiping Insurance (Singapore) Pte. Ltd.
  • AM Best Upgrades Credit Ratings of Fidelity Life Association, A Legal Reserve Life Insurance Company; Affirms Credit Ratings of Industrial Alliance Insurance and Financial Services Inc. and Its Life/Health Subsidiaries
Sponsor
More Life Insurance News

NEWS INSIDE

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

FEATURED OFFERS

Press Releases

  • Benefits Studio Launches to Fill the Missing Middle of Benefits Navigation at $49/mo
  • Lauren Sinnott Named to Ragan’s Top Women in Marketing Awards, Class of 2026 
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
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • 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.