Item ID Number: 19-4505
Meeting Type: Finance and Administration Committee

Action Comments: The Acting County Administrator explained that this year the Flexible spending plan monthly fees will have to be paid by the County. In the past when it was less than a dozen employees using the flexible spending and when Colonial was the only supplimental insurance company servicing the County, the Colonial representative paid the monthly fees as a thank you to the County. Now that the County allows many different supplimental insurance companies to serve the County and also since the County provided a match this fiscal year and a majority of the employees took advantage of the flexible spending option which significantly increased the cost the Colonial representative is no longer willing to cover the monthly fees. The County will now be responsible for the $2.99 per employee per month fee for both the Health Savings Accounts and the Flexible Spending Accounts. The committee decided that this discussion will be moved to the full board meeting.

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