Laserfiche WebLink
CONSENT ITEM — 7C <br />'It <br />EN HILLS <br />MEMORANDUM <br />DATE: December 12, 2022 <br />TO: Honorable Mayor and City Councilmembers <br />Dave Perrault, City Administrator <br />FROM: Gayle Bauman, Finance Director <br />SUBJECT: 2023 City Contribution to Employee Monthly Benefits <br />Budgeted Amount: Actual Amount: Funding Source: <br />N/A N/A N/A <br />Council Should Consider <br />Motion to approve, table or deny the following: <br />• Resolution 2022-055, setting the City Contribution to Employee Monthly Benefits for the <br />2023 benefit year. <br />All items need a simple majority for action unless otherwise noted. <br />Background <br />Each year, the City needs to review the employee benefit options for the coming year and set the <br />monthly contribution rates. <br />Discussion <br />The City is switching health insurance plans in 2023 because of the big increase being proposed by <br />our current carrier. In addition to the increase in health insurance, dental will be increasing by 4.1% <br />and there are no changes to Life, Short Term or Long Term Disability. Health insurance rates are <br />age banded with the new plan so there isn't a set rate for single or family plans. It is proposed that <br />employees electing family health insurance coverage will pay $300 toward the premium with the <br />City picking up the remaining premium for the HSA plan. The City would also cover the single <br />employee dental premium. No changes were made to the Life, Short Term or Long Term Disability <br />benefits. <br />Budget Impact <br />The City cost for insurance is increasing $48,820 for 2023. <br />Attachments <br />Attachment A: Resolution 2022-055 <br />Page 1 of 1 <br />