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<br />~: ., <br />", <br />, . <br />. <br /> <br />1\. /1 <br />ttJ elm" <br />. w '"'.;-lI~Ui.~' t <br /> <br />TO: Honorable Mayor and Council Members <br /> <br />FROM: Staff <br /> <br />SUBJECT: PEIP Health Insurance Renewal (June, 2002) <br /> <br />DATE: May 3, 2002 <br /> <br />Attached, please find Exhibit A and B of the PEIP health insurance renewal <br />documentation. Currently, all staff members tllat are participating in this insurance plan <br />take Health Partners and are participating at the Family level of coverage. <br /> <br />The City's current monthly insurance allotment is $406 for fumily coverage. If you will <br />remember, this item was discussed at some length during the budget process and was to <br />be considered prior to renewal and when figures became available. The figures contained <br />in the 2002 budget for the line item health insurance were $500/month per employee. <br /> <br />The City has chosen not to increase its monthly allotment for approximately two (2) years <br />with insurance premiums consistently increasing. In the year 2001 staff members were <br />paying approximately 30% of their health insurance premium with the City contributing <br />approximately 70%. <br /> <br />If the City were to approve the budgeted monthly allotment of $500 per month, staff <br />members would pay approximately 27% and the City would contribute approximately <br />73%. If the City desires not to increase the monthly allotment, staff members would pay <br />approximately 40% and the City's contribution approximately 60%. <br />