The Kearney County Health Services Board of Trustees had a lengthy meeting on March 27 with several pieces of new business. Craig Johnson from Holmes Murphy kicked things off with a presentation about a possible health insurance captive.
KCHS is currently fully insured. Several factors, including recently implemented wellness strategies, make KCHS eligible to join an exclusive captive structure called Main Street. This structure allows groups to choose their package and risk level, there is no change of experience for staff enrolled as a consumer. Johnson shared a quote prepared for KCHS in December comparing costs remaining fully insured and joining the captive.
The captive runs January to December, but KCHS renews July 1. If KCHS chooses to join the captive, they can keep their current plan with the intent to join Main Street in January 2020 or join the captive for a short term July to December policy and renew in January. Johnson answered questions for the Trustees and welcomed requests for more information moving forward.
see April 3 Courier for full story