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<br />TO: <br /> <br />Honorable Mayor and Council Members <br />~. <br />Teresa Bender, Deputy Clerk/Treasurer 1'\ ' <br /> <br />FROM: <br /> <br />SUBJECT: <br /> <br />2000 Health Benefit Amount <br /> <br />DATE: <br /> <br />February 18, 2000 <br /> <br />As you are all aware, premiums for health insurance coverage seem to soar every year. I <br />recently met with Mark Steele, the City's insurance agent, who informed me that as of <br />March 1,2000 (MEDICA Group Policy Renewal date) rates will be increasing by 16%. <br />The City's current monthly Health Benefit allotment is $350 for family coverage and <br />$200 for single coverage. The City also pays 90% of dental insurance ($43.60/mon.). It <br />should also be noted that several employees have additional coverage that is an out-of- <br />pocket expense such as life insurance. The following is a list of employees and how their <br />premiums would be affected: <br /> <br />Current Premium <br /> <br />2000 Premium <br /> <br />Teresa Bender <br />Family Coverage <br /> <br />$375.49 <br /> <br />$436.18 <br /> <br />Ken Cook <br />Family Coverage <br /> <br />$615.28 <br /> <br />$714.74 <br /> <br />Jim March <br /> <br />$419.66 <br /> <br />$487.49 <br /> <br />Tedd Peterson (PEIP) <br />Family Coverage <br /> <br />$440.51 <br /> <br />Stays the same <br /> <br />Individuals that have Life Insurance are as follows: <br /> <br />Employee Portion <br /> <br />Teresa Bender <br />Life Insurance <br /> <br />$12.00 <br /> <br />Ken Cook <br />Life Insurance <br /> <br />$ 4.08 <br /> <br />Tim Danielson <br />Life Insurance <br /> <br />$16.08 <br />