2006_1023_Packet - Laserfiche WebLink

Home

In 2004 Council began moving to a more equal contribution per employee, regardless of the employee's family status and lifestyle choices. Some small steps have been taken toward equalization. It was also found through a survey that the majority of staff participating in the survey wanted equalization as well. Therefore, the committee in lool�ing at current plan design as well as future struggles to keep premiums affordable yet minimize potential deductible risks as much as possible the staff recommends approving the following 2007 monthly cafeteria contribution levels: 9 Opt Out: $345 moving toward equalization. ➢ The staff recommends moving toward consumer driven health and big picture future planning tbus those that stay on the 100% plan �voald not receive an increase: Single: $411 ■ Single + 1: $525 ■ Family: $735 � Those on the 80% and High DeductiblePlans would receive: � Single: $506 ■ Single + 1: $634 Family: $825 �= Those on the 80% and High Deductible Plans would also have part of their monthly contributions deposited into a Health ReimbursementAccount as follows: • $U%Plan Monthly HRA Deposit: � Single $62 (increase of $21) � Single + 1 $70 (increase of $26) � Family $50 (increase of $16) High Deductible Plan Monthly T��2A. Deposit: � Single $100 (increase of$0) � Single + 1 $62 (increase of $18) � Family $52 (increase of $13) Dental Renewal: After review of the 2006 claims in comparison with premiums brought in and the marketplace, the Benefits and �'el�nes� Committee and the Delta dental claims professionals recommend staying self insured with Delta dental again this year with only a rounding increase in rates which amounts to a about sixty cents per month only in the family plan. This has no financial impact to the City. Lon� Term Disabilitv: The City will go into the second and final year of their contract with Assurant. The contract provides for no increases in rates for 2007. No change in coverage was made to the plan.