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Health Insurance Annual Update

Health Insurance Annual Update. Presented by: Carl Vincent, CPA Risk Manager/Benefits Analyst Tina Vincent, MBA Lead Human Resource Specialist. Wicomico County Public Entities (WCPE) Healthcare Consortium. WCPS Subscribers by Status & Plan. WCPS Employee Subscribers by Coverage Level.

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Health Insurance Annual Update

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  1. Health Insurance Annual Update Presented by: Carl Vincent, CPA Risk Manager/Benefits Analyst Tina Vincent, MBA Lead Human Resource Specialist

  2. Wicomico County Public Entities (WCPE) Healthcare Consortium

  3. WCPS Subscribers by Status & Plan

  4. WCPS Employee Subscribers by Coverage Level

  5. WCPS FY 2019 Operating Budget - $194.8 million

  6. WCPS FY 2019 Operating Budget - $36.1 millionEmployee Fringe Benefits

  7. WCPS CareFirst UtilizationPaid Claims as a % of Premiums

  8. WCPS Health Insurance Annual Premium Increases 5.2%

  9. HealthCheck Checklist

  10. Financial Summary

  11. Cost Sharing Distribution

  12. Current Co-Pays - WCPE

  13. 2% 41%

  14. “Top 25 Drug Cost Summary” - Excerpt

  15. Combined Medical & Pharmacy Costs (PMPM) by Relationship Type

  16. Feedback from wcps employees: A healthy lifestyle has no ending. The changes that I am making need to become life long habits. I can't reach a goal weight and then go back to making the food choices that I did previously. There is no finish line. I realized that I couldn't be the mom I wanted to be if I wasn't taking care of myself. So I committed to taking time for myself to exercise multiple times during the week. Being a role model for my two daughters helps me to stay on track. The best part [about this program] was that it gave me a lot of options to pick from. I did way more things in this program than I listed because it was fun. Please keep this program and incentives for next year. The incentive was very motivating! I thought about it the whole time as I worked out.. even on bad days! I can’t wait to get a fitness tracking watch for all of the time I have devoted to my fitness this year. My dad had dementia, my wife and I were expecting our 3rd child, there was a lot of work piling up, and we needed repairs to our home which we did not have the money saved up for. Addressing stress and anxiety was my main goal for wellness this year. I am very grateful for this program. As strange as it sounds, having incentives to keep track of my health and being able to see my results all in one place is a wonderful thing to have. My high amounts of stress were directly affecting my ability to feel great physically. I started to adopt meditation and yoga into my lifestyle and divide my work and home life. Now I can manage my stress better and I feel better as well! This program has helped me keep an active and healthy lifestyle. It is encouraging to track your accomplishments and it helps you want to continue to reach fitness goals.

  17. Questions and Discussion

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