JCHC Expecting Increase In Employee Health Premiums

JCHC Administrator Sandy Ward
JCHC Administrator Sandy Ward

An increase in the premiums they pay for employee healthcare insurance coverage is expected by the Hospital Administrator at the Johnson County Healthcare Center, according to his report at a recent meeting of the Board of Trustees.

Administrator Sandy Ward told the board that the facility's group health plan has had a bad year, with more than $1 million in claims and he is expecting a substantial increase in their premiums when they begin looking to renew or begin shopping for coverage later this year.

Ward said the facility has been partially self-funded for a number of years, and have had a good track record with providing employee health coverage this way. There are advantages to partially self-funded programs, mainly having more control of their plans than if they were fully insured through a provider.

With the large increase in claims this past year, Ward said he feels a cost increase of 25 to 30% could be in store for the facility with their next plan, even though it is partially self-funded.

Ward said the facility will begin looking at renewing their plan or shopping for a new plan and should know something within the next few months.

SheridanWyoming.com

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