Tale of two counties

Providing retiree healthcare can be costly. Many counties have seen their costs and liabilities rise. Let’s take a look at two counties and see how they handled the challenge.

What Bird County and Solver County have in common:

✓ Group MA plans with an EGWP

✓ Annual retiree healthcare spend increases

✓ Large and growing OPEB liabilities

✓ Exploring benefit reductions; raise retiree premium share

✓ Retirees exit group plan for cheaper individual Medicare plans

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Inflation Reduction Act (IRA) drives substantial premium rate increases on group Medicare Advantage Prescription Drug (MAPD) plans