Controller's Report

Combat Cost Rises for Medical Benefits by Increasing Cost Sharing

Challenge: Adjust benefits levels to lessen effects of sharply rising costs.

Action: Our company increased cost sharing and reduced certain benefit levels, particularly for those who elect to obtain medical service outside our preferred provider organization network. In addition, we increased our office visit copay to $25 and our prescription drug copays to $12 for generic, $27 for formulary brand name, and $45 for nonformulary…