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<br /> . CITY OF ARDEN lULLS <br /> MEMOOANDUM <br /> mTE: May 11, 1992 <br /> TO: All Staff <br /> FRCM: &if Terry Post, TaIIpOrary City Accountant <br /> ~: Employee Benefit Cost Information <br /> HEALTH INSUlU'lN:::E <br /> '!he League of Minnesota cities Insurance Trust has informed us that for <br /> 1992-1993, health insurance rates will increase as follcws: <br /> IDNI'HLY CDST <br /> DEDUCrIBLE OPI'IONS SINGLE CDVERAGE FAMILY CDVERAGE <br /> $150 Deductible* $159.03 $410.64 <br /> - $ Increase 29.36 75.83 <br /> - % Increase 22.6% 22.6% <br /> . $300 Deductible** 145.28 375.61 <br /> - $ Increase 15.61 40.80 <br /> - % Increase 12.0% 12.2% <br /> $500 Deductible** 135.46 350.25 <br /> - $ Increase 5.79 15.44 <br /> - % Increase 4.5% 4.6% <br /> * CUrrent Deductible Level <br /> **Higher Deductible Options Available to Group to Reduce Premium Costs <br /> - <br /> As you can see from the above table, the city is again =nfronted with a <br /> significant premium increase of about 23% at our present deductible <br /> level of $150. In the last two years, both the Single and Family rates <br /> have increased 50.9% (From $105.42 to $159.03 and from $272.20 to <br /> $410.64 respectively). <br /> '!here were no changes in =verage. <br /> For now, the deductible will remain at $150. <br /> DENl'AL INSUlU'lN:::E <br /> . '!here will be no changes in the monthly rates for dental =verage. <br /> Single =verage remains at $21. 09 and family =verage remains at $67.33. <br /> '!he only significant =verage change is that, beginning July 1, the <br />