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17 18 ■ Family.- $,925 (increase of $,15) Those on the $2,000 or $2,500 Deductible Plan would receive: • Single.- $,710 (increase of $15) • Single + 1.- $,815 (increase of $15) • Family.- $1,,000 (increase of $15) Monthly contributions deposited into a Health Reimbursement Account or Health Savings Account are as follows: ■ $1,000 Deductible Plan Monthly Deposit: • Single $,83 (same as 2011) • Single + 1 $,90 (same as 2011) • Family $,70 (same as 2011) ■ $2,000 or 2,500 Deductible Plan Monthly Deposit: • Single $,200 (same as 2011), • Single + 1 $,170 (same as 2011), • Family $,125 (same as 2011 )1 Dental Renewal:. Review of the 2011 dental claims compared to premiums paid resulted in a decrease in premiums for all tiers. Delta Dental recommended about 9% decrease on sin es coverage, 6% for single-plus-one coverage, while the families would receive an 11.3% decrease. These rates are based solely on claims vs. premiums from each group. Delta Dental administrative fees are held at no increase through 2012 and there are no changes in coverage for the plan. Life & Lons! Term Disab The City's current provider, Standard Insurance through the F C I City/County Consortium, has accepted a negotiated one year contract extension which provides for a 10% decrease in rates for Long Term Disability and an 8.2% decrease in basic life insurance through 2012. The voluntary life rates will remain the same as they were in 2011. This amounts to a savings of approximately $4,564 for the City. Financial Impact: The above proposed Cafeteria Benefits budget for 2012 reflects no increase over the 2011 budget and actually provides a decrease and a savings of $4,564 for the City. This is the first time in known history that this has occurred. Council Action Reguestedi Approve 2012 City benefits insurance renewals and cafeteria contributions as described I above with the respective contracts (subject to review and approval by the City Attorney). W,