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TO: Honorable Mayor and Council Members <br /> • <br /> FROM: Teresa Bender, Deputy Clerk/Treasurer /1 C9- • <br /> SUBJECT: 2000 Health Benefit Amount <br /> DATE: February 18, 2000 <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 I, 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 /> Current Premium 2000 Premium <br /> Teresa Bender <br /> Family Coverage $375.49 $436.18 <br /> Ken Cook <br /> Family Coverage $615.28 $714.74 <br /> Jim March $419.66 $487.49 <br /> Tedd Peterson (PEIP) <br /> Family Coverage $440.51 Stays the same <br /> Individuals that have Life Insurance are as follows: <br /> Employee Portion <br /> Teresa Bender <br /> Life Insurance $12.00 <br /> Ken Cook <br /> Life Insurance $ 4.08 <br /> Tim Danielson <br /> Life Insurance $16.08 <br /> • <br />