Self-insurance fees to rise about 4% next year
The federal Affordable Care Act, often referred to as Obamacare, will have relatively little impact on the medical insurance offered to Peachtree City employees this year, the city council was told Thursday night.
Starting next year, the city can expect to see fees as part of the ACA that will see costs increase by an estimated 3 to 4 percent, according to the city’s insurance consultant.
The city budgets a bit over $3 million each year for its self-insured plan and has a policy that stops its overall loss at about $3.3 million, said Human Resources Director Ellece Brown.
via The Citizen http://www.thecitizen.com/articles/11-24-2013/ptc-coasts-through-obamacare-year