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CITY OF ROSEVILLE, MINNESOTA <br />NOTES TO FINANCIAL STATEMENTS <br />December 31, 2021 <br />B.Benefits Provided <br />Retirees <br />health insurance plan if the individual terminates service with the City through service retirement or <br />disabilityretirement. Employees who satisfy the rule of 90 or attain age 55 and have completed 10 <br />years of service at termination can immediately commence medical benefits. Retirees may obtain <br />dependent coverage while the participating retiree is under age 65. Covered spouses may continue <br />h insurance plans. The retiree is required to pay 100% of their <br />premium cost for the City-sponsored group health insurance plan in which they participate. The <br />premium is a blended rate determined on the entire active and retiree population. Since the projected <br />claims costs for retirees exceed the blended premium paid by retirees, the retirees are receiving an <br />implicit rate subsidy (benefit). The coverage levels are the same as those afforded to active <br />employees. Upon a retiree reaching age 65 years of age, Medicare becomes the primary insurer and <br />Disabled police and firefighter <br />Firefighters disabled in the line of duty per Minnesota Statute 299A.465, until age 65. Dependent <br />coverage is included, if the dependents were covered at the time of the disability. The January 1, <br />2021to December 31, 2021monthly premiums paid for Police or Firefighters disabled in the line of <br />duty are: <br />Two <br />Plan Single PersonFamily <br />Health Partners National One $646$1,258$1,757 <br />Health Partners Empower High Deductible $467$919$1,263 <br />C.Participants <br />As of the actuarialvaluation dated January 1, 2021, participants consisted of: <br />Retirees and beneficiaries currently <br />purchasing health insurance through the <br />City 10 <br />Disabled police and firefighters 2 <br />Active Employees 216 <br />Total 228 <br />75 <br /> <br />