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Work Continues to Finalize Health Insurance Consortium

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Work Continues to Finalize Health Insurance Consortium

Tuesday, April 6, 2010
County Administrator Joe Mareane, just returned from a day in Albany, reported to the Legislature on discussions with representatives of the State Insurance Department regarding financial aspects of the Greater Tompkins County Municipal Health Insurance Consortium, specifically the matter of reserve requirements--'how much money should be accumulated to reserves and the timing to accumulate these reserves. The administrator said he is hopeful that the dialogue will begin to bring to closure the financing issues related to the consortium and hopes that the issue of union representation also will be finalized soon. The local health insurance consortium, formed under Article 47 of state insurance law, will be the first of its kind in New York State. The Legislature had been scheduled to act on a resolution reaffirming the County's commitment to participate in the consortium in view of changed agreement language, but decided to delay consideration until its next meeting, since specific provisions are still pending.