Small South Texas county’s self-funded group health plan hit with $450,000 in claims three months into new fiscal year…………newly discovered health insurance account/s saves the day……………will $100,000 “found money” along with continuing funding carry the risk through the remaining 9 months of the plan year?……………..
“The four accounts had a total of $151,425.08 in them, which was left unused from prior fiscal years, she said. The news seemed to catch commissioners by surprise. ……How come nobody told us about this thing? Commissioner Lomas continued”…….Lomas was referring to the county’s decision to utilize its insurance reserve fund to pay about $450,000 in health care costs in December. The move nearly wiped out the insurance reserve fund, which sat at a level of a little more than $100,000 for the remainder of the fiscal year prior to Monday’s meeting. “
By Tim Acosta
Kleberg County commissioners got some good news on Monday after learning that the county had more than $100,000 in unused health insurance accounts that could be used to offset larger-than-expected health care costs that hit the county late last year More…