HomeMy WebLinkAboutDocumentation_Regular_Tab 30_8/13/2020Agenda Item #30.
Regular Council
STAFF MEMO �
Meeting: Regular Council -Aug 13 2020
Staff Contact: Merlene Reid, Director, HR &Risk Department: HR
Management
Approval of Health, Dental and Life Insurance 2020/21 Renewals
Due to the current uncertainties facing the health insurance industry, double digit renewal quotes
being seen locally, and an uptick in Tequesta employees medical claims, the Village anticipated and
budgeted for a 10% increase for FY2020/21. In line with our predictions, Florida Blue initially
submitted increases of 12% to retain current benefits for the Traditional PPO plan, and 14.3% for
the High Deductible Health Plan (HDHP). After subsequent rounds of negotiations, the Village was
able to secure a 5.8% increase for both plans (see Appendix 1). The attached cost summary is
based on the number of employees at July 1, 2020, and their current plan choices
(family/individual).
At its final meeting on July 10, 2020, the Benefits committee also reviewed other alternatives
provided, and agreed to add a third HMO plan option for employees to choose from. This new plan
is priced lower than the current PPO, but higher than the HDHP plan. An educational effort was
immediately started to help employees identify if this new plan is right for them, a switch that would
result in cost savings to both employee and employer.
In 2019, we went out to bid for all benefit lines which resulted in the Village moving its Dental and
Life coverage to The Standard, significantly reducing our costs for these lines. There are no 2020
increases as our agreement required the carrier to hold these rates for two years.
Benefits Committee Members:
Management Reps. Union Reps
Hugh Dunkley, Finance Director Vincent Chesnes, CWA
Brad Gomberg, I.T. Director Jason Fawcett, IAFF
Merlene Reid, Director, HR & Risk
Ray Ko rkows ki , P BA
Management/Chair
HR is requesting that Council approves the Benefits committee's recommendation to Village Manager
Allen, to renew the Village's health insurance with Florida Blue effective October 1, 2020, in line with
Attachment 1, and to also approve the 2020/21 renewing dental and life insurance premiums at the
2019/20 rates.
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Agenda Item #30.
2020-21 Medical Benefits Cost Summary.ada
Page 448 of 451
Em� gieft
en�elifs-E30 utive Cost Summary
Effective Date: October 1, 2020
-10 WWA
GEHRING GROUP"
F1 EMPLOYEE BENEFITS I RISK MANAGEMENT
COVERAGE
I
CURRENT
I
I
RENEWAL
HEALTH
PPO 3768
Total
Florida Blue
Employer
Employee
Total
Florida Blue
Employer
Employee
Employee
46
$707.18
$707.18
$0.00
46
$732.78
$732.78
$0.00
EE+Spouse
3
$1,683.08
$1,439.11
$243.97
3
$1,744.01
$1,491.20
$252.81
EE+Child(ren)
13
$1,301.20
$1,152.70
$148.50
13
$1,406.93
$1,238.39
$168.54
EE+Family
35
$2,206.39
$1,831.59
$374.80
35
$2,344.89
$1,941.86
$403.03
MONTHLY PREMIUM
97
$131,718.77
$115,938.27
$15,780.50
97
$139,301.15
$122,245.74
$17,055.41
ANNUAL PREMIUM
$1,580,625.24
$1,391,259.27
$189,365.97
$1,671,613.80
$1,466,948.85
$204,664.95
$ INCREASE
N/A
N/A
N/A
$90,988.56
$75,689.58
$15,298.98
INCREASE
N/A
N/A
N/A
5.8%
5.4%
8.1%
HDHP 5180/81
Total
Employer
Employee
Total
Employer
Employee
Employee
1
$620.73
$620.73
$0.00
1
$651.73
$651.73
$0.00
EE+Spouse
0
$1,431.51
$1,228.82
$202.69
0
$1,503.15
$1,290.30
$212.85
EE+Child(ren)
1
$1,106.71
$985.22
$121.49
1
$1,212.63
$1,072.41
$140.22
EE+Family
0
$1,876.60
$1,562.63
$313.97
0
$2,021.04
$1,678.71
$342.33
MONTHLY PREMIUM
2
$1,727.44
$1,605.95
$121.49
2
$1,864.36
$1,724.14
$140.22
ANNUAL PREMIUM
$20,729.28
$19,271.40
$1,457.88
$22,372.32
$20,689.68
$1,682.64
$ INCREASE
N/A
N/A
N/A
$1,643.04
$1,418.28
$224.76
INCREASE
N/A
N/A
N/A
7.9%
7.4%
15.4%
HMO 55
Total
Employer
Employee
Total
Employer
Employee
Employee
0
0
$681.94
$681.94
$0.00
EE+Spouse
0
Not Currently Offered
0
$1,623.02
$1,387.75
$235.27
EE+Child(ren)
0
0
$1,309.33
$1,152.48
$156.85
EE+Family
0
0
$2,182.22
$1,807.15
$375.07
MONTHLY PREMIUM
0
$0.00
$0.00
$0.00
0
$0.00
$0.00
$0.00
ANNUAL PREMIUM
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$ INCREASE
N/A
N/A
N/A
N/A
N/A
N/A
%INCREASE
N/A
N/A
N/A
N/A
N/A
N/A
SUMMARY
TOTAL MONTHLY PREMIUM
Total
$133,446.21
Employer
$117,544.22
Employee
$15,901.99
Total
$141,165.51
Employer
$123,969.88
Employee
$17,195.63
TOTAL ANNUAL PREMIUM
$1,601,354.52
$1,410,530.67
$190,823.85
$1,693,986.12
$1,487,638.53
$206,347.59
$ INCREASE
N/A
N/A
N/A
$92,631.60
$77,107.86
$15,523.74
INCREASE
N/A
N/A
N/A
5.8%
5.5%
8.1%
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