Health Insurance Operating Fund

Source: PDF pp. 1056-1057 ↗ · raw: 1056 · 1057

Breadcrumb: Fund Summaries > City Operations. > Health Insurance Operating Fund

City of Portland Fiscal Year 2026-27 Proposed Budget City Operations> Health Insurance Operating Fund Health Insurance Operating Fund Fund Summary 2024-25 Actuals 2023-24 Actuals 2025-26 Revised Budget 2026-27 Proposed Expense $168,032,179 $156,854,736 $170,158,871 $202,628,815 Bureau Expense $163,223,646 $138,994,016 $165,662,343 $179,192,268 Fund Expense $494,893 $748,741 $4,496,528 $23,436,547 Contingency $0 $0 $3,934,392 $7,862,091 Debt Service $55,558 $53,419 $57,780 $15,060,087 Fund Transfers - $439,335 $695,322 $504,356 $514,369 Expense Unappropriated $4,313,640 $17,111,979 $0 $0 Ending Fund Balance $4,313,640 $17,111,979 $0 $0 Revenue $168,032,177 $156,854,736 $170,158,871 $202,628,815 External Revenues $149,262,096 $135,685,458 $165,375,659 $195,380,593 Charges for Services $146,927,362 $133,420,990 $162,382,190 $193,364,625 Miscellaneous $2,334,734 $2,264,469 $2,993,469 $2,015,968 Internal Revenues $18,770,081 $21,169,277 $4,783,212 $7,248,222 Beginning Fund $17,111,979 $20,782,602 $4,313,639 $6,657,930 Balance Fund Transfers - $1,278,359 $0 $0 $0 Revenue Interagency Revenue $379,743 $386,675 $469,573 $590,292 Fund Overview The Health Insurance Operating Fund collects revenue and pays expenses incurred for medical, dental, vision, and prescription drug claims; claims administration; internal administration; chronic disease management; and stop-loss insurance for the insured programs (e.g., Kaiser medical/dental/vision, life insurance, and disability programs) and self-funded CityCore, CityBasic, and dental programs elected by most City employees, COBRA enrollees, retirees, and other casual employees who gain access to coverage through the Affordable Care Act or collective bargaining agreements. Managing Agency City Operations Service Area, Bureau of Human Resources 1056

City of Portland Fiscal Year 2026-27 Proposed Budget Significant Changes from Prior Year Due to shrinking reserves and continued rising claim costs, the City’s self-insured plan (Fund 700) will need to take out an interfund loan of approximately $15 million before the end of FY 2025-26 to be re-paid in FY 2026-27. An additional 7.7% rate increase to City bureaus in FY 2026-27 will go towards the interfund loan repayment. 1057

Parent: City Operations. · PDF: pp. 1056-1057 ↗