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The City’s current provider, Standard Insurance through the FCI City/County Consortium, <br />128 <br />has been awarded a one year contract extension through 2013 which provides for no <br />129 <br />changes and no increase in rates for Long Term Disability or for Basic and Voluntary Life <br />130 <br />insurance. <br />131 <br />132 <br />Financial Impact: <br />133 <br />134 <br />The above proposed Cafeteria Benefits budget for 2013 reflects a 2.5% increase or $34,776 over <br />135 <br />the 2011 and 2012 budget. This amounts to half of what was in the preliminary budget for <br />136 <br />benefits. <br />137 <br />138 <br />Council Action Requested: <br />139 <br />140 <br />Approve 2013 City benefits insurance renewals and cafeteria contributions as described <br />141 <br />above with the respective contracts (subject to review and approval by the City <br />142 <br />Attorney). <br />143 <br />144 <br />145 <br />146 <br />Eldona Bacon, SPHR Human Resources Manager <br />Prepared by: <br />Attachments: A: Summary of Health Insurance Renewals <br />Page 4 of 4 <br /> <br />