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71 <br />72 Dental Renewal: <br />73 The dental insurance for the City is self-insured. The 2020 dental claims compared to <br />74 premiums paid were running in-line withpremiums. Thus,there will benoincreasein <br />75 premium costs for staff in 2021 and no changes in coverage for the plan. <br />76 <br />77 P OLICY O BJECTIVE <br />78 To offer and maintain market comparable and equitable benefits internally and externally that <br />79 solidify retention and attract exceptional employees. <br />80 <br />81 B UDGET I MPLICATIONS <br />82 The proposed Cafeteria Plan budget for 2021 as presented above allows a 0% budget increase that <br />83 has been included in the 2021 City Manager recommended budget. <br />84 <br />85 S TAFF R ECOMMENDATION <br />86 1. Authorize the Mayor and City Manager to accept the renewal bid from Sourcewell <br />87 to provide medical insurance. <br />88 <br />89 2. Authorize the Mayor and City Manager to accept the renewal bid from with CIGNA <br />90 to provide Life Insurance, AD&D and Long-term Disability insurance. <br />91 <br />92 3. Approve the2021 City’s employer cafeteria contributions as described in this <br />93 report. <br />94 <br />95 R EQUESTED C OUNCIL A CTION <br />96 1. Authorize the Mayor and City Manager to accept the renewal bid from Sourcewell <br />97 to provide medical insurance. <br />98 <br />99 2. Authorize the Mayor and City Manager to accept the renewal bid from with CIGNA <br />100 to provide Life Insurance, AD&D and Long-term Disability insurance. <br />101 <br />102 3. Approve the2021 City’s employer cafeteria contributions as described in this <br />103 report. <br />Prepared by: Rebecca Olson, Assistant City Manager <br />Attachments: A. RFP Results <br /> <br />Page 3 of 3 <br /> <br />