Mon Commission grappling with soaring insurance costs
Jun. 11—MORGANTOWN — "This is just not sustainable."
On Wednesday, the commission approved a proposal from
All told, the percentage increase absorbed by the county will total just over
Commissioner
In order to bring the percentage down, the commission agreed to raise employee deductibles from
There will be a change on the employee end. Co-insurance—the percentage of a medical bill the patient pays after meeting the deductible—will increase from 10 % to 20 %.
"Really, that's the only negative impact to the employees, " Sikora said. "There's two positive impacts. One, they're not getting a premium increase when there is one—a significant one. Two, they're not having to pay any deductible, which previously they had to pay
Sikora explained that the county, like many other public and private entities, is facing what's known as the "group plan dilemma " in which costs rise higher and higher while the level of satisfaction — either from employees, employers or both — falls.
Embedded within the group plan concept is the inevitability that a small number of individuals will push costs up for everyone.
It was explained that the offer Highmark first presented to the county was predicated on the fact that the company paid out 23 % more than it collected in premiums in the current cycle.
"The problem we're dealing with is our experience in claims is what's driving our cost. There's nothing we can do about that. It's really just what they call in the industry the 'group dilemma.' Having these group plans, if we put it out to bid or we ask for a new proposal, we're paying for our experience. All that information is known and all that information is out there. We have a small portion of our participants that account for nearly 50 % or 60 % of all our claims, and those aren't going away."
While the commission opted to move forward with the
The body recently heard a pitch regarding ICHRA, or Individual Coverage Health Reimbursement Arrangement, through which employees would work with a consultant to select their own health plan options from various insurance carriers and the commission would reimburse employees tax-free for premium costs up to a defined amount.
As it stands, the commission is looking at an overall insurance spend of approximately
Based on recent history, there's no indication the county won't be back in this position a year from now.
"And that's just not realistic. That's not acceptable. We have to look at other options, " Bloom said.
© 2025 The Dominion Post (Morgantown, W.Va.). Visit www.dominionpost.com. Distributed by Tribune Content Agency, LLC.


Inflation report 'fuels hope' the Fed will cut interest rates this year
Report: 300,000 in Va. could lose coverage New report: 302,608 Virginians could lose health insurance
Advisor News
- The first 5 years of your career could determine the next 50
- Your client’s $3 million portfolio doesn’t tell you their insurance needs
- How life insurance can provide liquidity for wealthy families
- Retirement providers turn to digital engagement to retain assets
- Looking out for clients with diminished mental capacity
More Advisor NewsAnnuity News
- What lower interest rates mean to annuity payouts
- AM Best downgrades A-Cap insurers amid financial and regulatory troubles
- Lawsuit claims Delaware Life hid billions in insurer-linked investments
- AM Best to Deliver Presentation at 2026 ACLI Annual Conference
- Global Atlantic Announces Launch of ForeLifetime Income, a New Fixed Index Annuity
More Annuity NewsHealth/Employee Benefits News
Life Insurance News