Nevada_Executive_Budget_2013-2015

PEBP - PUBLIC EMPLOYEES' BENEFITS PROGRAM
625-1338
M101 AGENCY SPECIFIC INFLATION
This request funds inflationary increases specific to the agency. These include fully insured products (HMO, basic life, and long term disability) as well as trend increases for all self-funded
benefits.
Fully insured cost increases are based on historical inflationary adjustments for each product and maximum inflation provisions contained within the various contracts (typically 10%). Aon
Consulting provided the following base trend increases for self-funded benefits (excludes the impact of Federal Health Care Reform provided in decision unit M501):
FY 2014
Medical (Employees, Non-Medicare Retirees): 9.0%
Rx: 9.0%
Dental: 4.5%
FY 2015
Medical (Employees, Non-Medicare Retirees): 8.75%
Rx: 8.75%
Dental: 4.5%
2011-2012
ACTUAL
2012-2013
WORK
PROGRAM
2013-2014
AGENCY
REQUEST
2013-2014
GOVERNOR
RECOMMENDS
2014-2015
AGENCY
REQUEST
2014-2015
GOVERNOR
RECOMMENDS
RESOURCES:
BALANCE FORWARD FROM PREVIOUS YEAR 0 0 0 0 -33,559,734 -31,012,381
PREMIUM INCOME 0 0 15,637,219 11,339,168 28,555,284 17,359,005
STATE SUBSIDIES 0 0 33,229,089 37,557,140 60,679,978 68,134,129
TOTAL RESOURCES: 0 0 48,866,308 48,896,308 55,675,528 54,480,753
EXPENDITURES:
FULLY INSURED PROGRAM COSTS 0 0 18,470,729 15,953,376 33,967,722 30,914,803
SELF INSURED ADMIN COSTS 0 0 1,199,388 1,199,388 1,288,823 1,288,823
SELF INSURED MEDICAL COSTS 0 0 62,755,925 62,755,925 79,096,682 79,096,682
CATASTROPHIC RESERVE 0 0 0 0 0 -586,960
RESERVE 0 0 -33,559,734 -31,012,381 -58,677,699 -56,232,595
TOTAL EXPENDITURES: 0 0 48,866,308 48,896,308 55,675,528 54,480,753
M102 AGENCY SPECIFIC INFLATION
This request funds changes to the reserve levels including the Incurred But Not Reported (IBNR) Reserve and the Catastrophic Reserve. Requested adjustments are based upon actuarial
evaluations completed by Aon Consulting.
2011-2012
ACTUAL
2012-2013
WORK
PROGRAM
2013-2014
AGENCY
REQUEST
2013-2014
GOVERNOR
RECOMMENDS
2014-2015
AGENCY
REQUEST
2014-2015
GOVERNOR
RECOMMENDS
RESOURCES:
BALANCE FORWARD FROM PREVIOUS YEAR 0 0 0 0 1,415,382 1,415,382
PREMIUM INCOME 0 0 -905,600 -874,470 0 0
PUBLIC EMPLOYEES' BENEFITS PROGRAM PEBP - 12
PUBLIC EMPLOYEES' BENEFITS