Grove City has been assessed $221,783 to help offset its health-care consortium's declining net assets.

Grove City has been assessed $221,783 to help offset its health-care consortium's declining net assets.

Central Ohio Health Care Consortium's assessment totals $1 million, city finance director Mike Turner said.

Grove City has been a member of the Central Ohio Health Care Consortium since 1992 to purchase health insurance for city workers.

Other members include Worthington, Gahanna, Madison Township, New Albany, Washington Court House, Obetz, Granville and Canal Winchester.

Each city's assessment toward reducing the $1 million is based on its normal insurance premiums.

In 2010 and 2011, the consortium paid out more than it brought in, Turner said. Net assets were $3.1 million at the end of 2009. In 2010, that number decreased by about $1.2 million. An approximately $1 million decrease is estimated for 2011. That puts net assets at less than $1 million for 2012.

Premiums for the city increased about 10 percent from 2011 to 2012, Turner said. Rates for 2013 will be set later in the year.

"We don't expect this 'claims exceeding premiums' (problem) to continue," Turner said.

Though participating in a larger group enables Grove City to avoid premium fluctuations from yearly insurance quotes, Turner said it would be nearly impossible for him to quantify how much money the city is saving with consortium participation.

Turner said he plans for the city to pay its assessment in two installments; 50 percent would be due April 1 with the remainder due July 31. Council would have to approve the appropriations. The city has a 1996 rebate of $88,863 from the consortium that will go toward the payment. The remainder will come from various city funds.