Insurance plans to change - 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
May 18, 2017 Newswires
Share
Share
Post
Email

Insurance plans to change

Dominion Post (Morgantown, WV)

May 18--The Monongalia County Commission voted Wednesday to make changes to the insurance benefits available to county employees -- the most substantial of which is an option to move to a health care savings account (HSA) plan.

The changes are in response to projections that showed the county facing an increase of up to 17 percent on insurance premiums. Those numbers prompted a number of meet-ings between the commission and representatives of insur-ance carrier Highmark Blue Cross & Blue Shield.

As a result, the county will offer a second insurance option to its employees through the creation of HSAs.

In an HSA plan, the employee would be responsible for paying the first $2,000 in medical costs -- $4,000 for a family plan -- out of the account each year. The insurance would then pay anything beyond that amount.

However, as an incentive to spur employee participation, the commission will provide $2,000 for the HSA of every employee who selects that option for the first year.

This means that, at least for the first year, a single employee would have no contribution deducted from their pay. An employee with a family plan would have to provide an additional $2,000, but, according to Commissioner Tom Bloom, the monthly contribution would be between $50 and $75 less than what is paid currently on a family plan.

Funds in an HSA carry over from one year to the next and can be earmarked to earn interest, which would be folded back into the account.

Regardless of which plan an employee selects, there will not be a premium increase for the first year.

The commission removed a previously unknown discrepancy that saw employees hired prior to 2001 paying lower premiums than employees hired after that point, explaining that it opened the county to claims of discrimination under the Affordable Care Act.

Instead, all employ-ees who opt to keep the existing plan will pay the pre-2001 rates for the next year. Bey-ond that, the commiss-ion will pass along any future rate increases to those employees.

Commissioner Sean Sikora explained that if just 10 percent of county employees opt for the new HSA plan -- which is the working projection -- the cost increase to the county drops from the projected 17 percent to about 6.3 percent.

"The more you get into it and start getting into the numbers, it really can be advantageous to our employees," Sikora said of the HSA offering. "We expect a slow participation rate in the beginning, but this is something that we really expect, going forward, to see a lot of our employees moving to, saving the county a lot of money and saving the employees a lot of money. It's one of the very rare situations when you talk about insurance that's a win/win."

Bloom said he thought the changes reflected the commission's effort to shield employees from the rising insur-ance costs that other entities have passed on to their employees.

Commission Pres-ident Ed Hawkins agreed, explaining that it'simportant to the commission that the value of the benefits package remains high.

"I've discussed this with employees. I discussed it with employees yesterday. Half the reason you take a job here -- let's be honest -- it's not the pay, it's the benefits," Hawkins said.

It was explained that insurance representatives will hold educational and enrollment sessions in the various county offices in the coming weeks.

The changes will take effect Aug. 1.

In other county news, the commission approved a $2.1 million contract with March Westin for the courthouse square renovation.

Architect Michael Mills said work on the square will begin on Monday.

The contract stipulates a 210-day window for the work.

The commission also:

Opened two bids for janitorial services for the courthouse and justice center.

The bids were given to Facilities Director Bobby Doyle for review.

Patton Building Services, of Morgantown, bid $119,940 ($9,995/month) for the justice center and $58,500 ($4,875/month) for the courthouse.

Blue Systems LLC, of Morgantown, bid $165,000 ($13,750/month) for the justice center and $75,000 ($6,250/month) for the courthouse.

Approved $5,000 for additional animal pens for the Monongalia County Fair animal barn.

Approved $1,000 to sponsor 20 flags in the Flags for Heroes fundraiser through the Rotary Club of Cheat Lake.

The commission said the first flag would be in honor of Sgt. Todd May and county employees could nominate names for the remaining 19 flags.

___

(c)2017 The Dominion Post (Morgantown, W.Va.)

Visit The Dominion Post (Morgantown, W.Va.) at www.dominionpost.com

Distributed by Tribune Content Agency, LLC.

Older

Life.io Named a 2017 Gartner Cool Vendor for Insurance

Newer

Trump Administration Expands Global Gag Rule

Advisor News

  • Election 2026: Which of Berkeley's 7 ballot measures will pass?
  • How advisors can help frugal retirees finally enjoy their savings
  • Wealth planning vs. estate planning: Honoring your client’s wishes
  • What to discuss during the first retirement planning meeting
  • Inflation, competing priorities and uncertainty erode retirement security
More Advisor News

Annuity News

  • Equitable, Corebridge steam toward merger with strong Q3 annuity sales
  • Jackson Announces New Annuity Offering for AARP Members
  • National Life Group expands annuity portfolio
  • AM Best to Join Life/Annuity Insurance-Focused Panel Discussion at Capitol Forum Event
  • USAA Earns No. 1 Ranking in JD Power Individual Annuity Study for the Third Consecutive Year
More Annuity News

Health/Employee Benefits News

  • Enrollment is open for Affordable Care Act coverage. What do New Mexicans need to know?
  • A Smarter Approach to Employee Health Insurance Costs
  • Are GLP-1s Good for Business? The Jury Says …
  • Closing gaps in group disability coverage
  • STATE AUDITOR JAMES BROWN REMINDS MONTANANS TO UTILIZE ACA OPEN ENROLLMENT PERIOD, CAREFULLY REVIEW ANY LIMITED PARTNER' PLANS
More Health/Employee Benefits News

Life Insurance News

  • Unum Group Reports Third Quarter 2026 Results
  • First American Financial Corporation Appoints Darryl D. Button to Board of Directors
  • Corebridge Financial Announces Third Quarter 2026 Results
  • MassMutual announces record $3.3 billion policyowner dividend for 2027
  • Protective Completes Acquisition of Obsidian, Establishing Specialty Property and Casualty Business Line
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

  • Spectrum Weather & Specialty Insurance Celebrates 15 Years and Welcomes the Next Generation
  • Royal Neighbors of America® Increases Service Capacity
  • 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.