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Home My WebLink AboutDocumentation_Regular_Tab 18_8/12/2021Agenda Item #18. Regular Council STAFF MEMO Meeting: Regular Council - Aug 12 2021 Staff Contact: Merlene Reid, Director, HR & Risk Department: HR Management Approval of Health, Dental and Life Insurance 2021/22 Renewals In line with our budget prediction, Florida Blue initially submitted increases of 14.5% to retain current benefits for upcoming FY2021 /22. After subsequent rounds of negotiations, the Village was able to secure a 3.8% increase across all plans (see Appendix 1). The attached cost summary is based on the number of employees at July 1, 2021, and their current tier choices (family/individual, etc.). At its final meeting on July 8, 2021, the Benefits committee agreed to recommend to Village Manager Allen, the renewal of the Village's health insurance with Florida Blue effective October 1, 2021, along with the other 2021/22 renewing benefits of dental and life insurance and the Employee Assistance Program (EAP), in accordance with Appendix 1. There was a 4% increase to the Dental premiums and no increases to the Life and the EAP premiums. When compared to surrounding municipalities, the Village continues to offer comparable benefits which allow us to remain competitive with our recruitment, selection and retention practices. The Benefits Committee members remain: Management Reps. Hugh Dunkley, Finance Director Union Reps Vincent Chesnes, CWA Brad Gomberg, I.T. Director Jason Fawcett, IAFF Merlene Reid, Director, HR & Risk Mgt./Chair Ray Korkowski, PBA This document and any attachments may be reproduced upon request in an alternative format by completing our Accessibility Feedback Form, sending an e-mail to the Village Clerk or calling 561-768-0443. POTENTIAL MOTION / DIRECTION REQUESTED: HR is requesting Council approval of the Benefits committee's recommendation to Village Manager Allen, to renew the Village's health insurance with Florida Blue effective October 1, 2021, in line with Attachment 1, and to also approve the 2021/22 renewing Dental, Life and EAP renewals. ATTACHMENTS: % Benefits Summary 2021-2022.ADA Page 209 of 475 r lb ;eii1 s 1e$cutive Cost Summary Effective Date: October 1, 2021 APPENDIX 1 GEHRING GROUP' EMPLOYEE BENEFITS I RISK MANAGEMENT COVERAGE HEALTH CURRENT Florida Blue Florida NEGOTIATED RENEWAL Blue Rates) PPO - BlueOptions 3768 Total Employer Employee Total (Composite Employer Employee Employee 40 $732.78 $732.78 $0.00 $760.55 $760.55 $0.00 EE+Spouse 2 $1,744.01 $1,491.20 $252.81 $1,810.11 $1,547.72 $262.39 EE+Child(ren) 11 $1,406.93 $1,238.39 $168.54 $1,460.26 $1,285.33 $174.93 EE+Family 35 $2,344.89 $1,941.86 $403.03 $2,433.76 $2,015.46 $418.30 MONTHLY PREMIUM 88 $130,346.60 $113,881.08 $16,465.52 $135,286.68 $118,197.17 $17,089.51 ANNUAL PREMIUM 88 $1,564,159.20 $1,366,572.93 $197,586.27 $1,623,440.16 $1,418,366.04 $205,074.12 $ INCREASE N/A N/A N/A $59,280.96 $51,793.11 $7,487.85 % INCREASE N/A N/A N/A 3.8% 3.8% 3.8% HMO - BlueCare 55 Total Employer Employee Total Employer Employee Employee 2 $681.94 $681.94 $0.00 $707.79 $707.79 $0.00 EE+Spouse 0 $1,623.02 $1,387.75 $235.27 $1,684.53 $1,440.35 $244.18 EE+Child(ren) 0 $1,309.33 $1,152.48 $156.85 $1,358.95 $1,196.16 $162.79 EE+Family 1 $2,182.22 $1,807.15 $375.07 $2,264.93 $1,875.65 $389.28 MONTHLY PREMIUM 3 $3,546.10 $3,171.03 $375.07 $3,680.51 $3,291.23 $389.28 ANNUAL PREMIUM 3 $42,553.20 $38,052.36 $4,500.84 $44,166.12 $39,494.76 $4,671.36 $ INCREASE N/A N/A N/A $1,612.92 $1,442.40 $170.52 % INCREASE N/A N/A N/A 3.8% 3.8% 3.8% HDHP 5180/81 Total Employer Employee Total Employer Employee Employee 4 $651.73 $651.73 $0.00 $676.43 $676.43 $0.00 EE+Spouse 0 $1,503.15 $1,290.30 $212.85 $1,560.12 $1,339.20 $220.92 EE+Child(ren) 2 $1,212.63 $1,072.41 $140.22 $1,258.58 $1,113.04 $145.54 EE+Family 0 $2,021.04 $1,678.71 $342.33 $2,097.63 $1,742.33 $355.30 MONTHLY PREMIUM 6 $5,032.18 $4,751.74 $280.44 $5,222.88 $4,931.80 $291.08 ANNUAL PREMIUM 6 $60p386.16 $57,020.88 $3,365.28 $62,674.56 $59,181.60 $3,492.96 $ INCREASE N/A N/A N/A $2,288.40 $2,160.72 $127.68 INCREASE I N/A N/A N/A 1 3.8% 3.8% 3.8% DENTAL The Standard The Standard DENTAL PPO Total Employer Employee Total Employer Employee Employee 52 $27.98 $27.98 $0.00 $29.12 $29.12 $0.00 EE+Family 44 $94.90 $27.98 $66.92 $98.72 $29.12 $69.60 MONTHLY PREMIUM 96 $5,630.56 $2,686.08 $2,944.48 $5,857.92 $2,795.52 $3,062.40 ANNUAL PREMIUM 96 $67,566.72 $32,232.96 $35,333.76 $70,295.04 $33,546.24 $36,748.80 $ INCREASE N/A N/A N/A $2,728.32 $1,313.28 $1,415.04 INCREASE I N/A N/A N/A 1 4.0% 4.1% 4.0% VISION..Standard VISION Total Employer Employee Total Employer Employee Employee 32 $5.27 $0.00 $5.27 $5.27 $0.00 $5.27 EE+Spouse 11 $10.22 $0.00 $10.22 $10.22 $0.00 $10.22 EE+Child(ren) 5 $9.45 $0.00 $9.45 $9.45 $0.00 $9.45 EE+Family 16 $14.40 $0.00 $14.40 $14.40 $0.00 $14.40 MONTHLY PREMIUM 64 $558.71 $0.00 $558.71 $558.71 $0.00 $558.71 ANNUAL PREMIUM 64 $6,704.52 $0.00 $6,704.52 $6,704.52 $0.00 $6,704.52 $ INCREASE N/A N/A N/A $0.00 $0.00 $0.00 % INCREASE N/A N/A N/A 0.0% 0.0% 0.0% Page 210 of 475 r lb ;eii1 s 1e$cutive Cost Summary Effective Date: October 1, 2021 GEHRING GROUP' EMPLOYEE BENEFITS I RISK MANAGEMENT COVERAGE CURRENT NEGOTIATED RENEWAL (Ift Total The Standard Employer Employee Total The Standard Employer Employee Life Rate $0.139 $0.139 $0.00 $0.139 $0.139 $0.00 AD&D Rate $0.020 $0.020 $0.00 $0.020 $0.020 $0.00 Life Volume $10,799,640 $10,799,640 $10,799,640 $10,799,640 $10,799,640 $10,799,640 AD&D Volume $9,815,000 $9,815,000 $9,815,000 $9,815,000 $9,815,000 $9,815,000 MONTHLY PREMIUM $1,697.45 $1,697.45 $0.00 $1,697.45 $1,697.45 $0.00 ANNUAL PREMIUM $20p369.40 $20,369.40 $0.00 $20o369.40 $20,369.40 $0.00 $ INCREASE N/A N/A N/A $0.00 $0.00 $0.00 % INCREASE N/A N/A N/A 0.0% 0.0% 0.0% EMPLOYEE• Total Employer Employee Total Employer Employee EAP Rate 99 $2.77 $2.77 $0.00 $2.77 $2.77 $0.00 MONTHLY PREMIUM $274.15 $274.15 $0.00 $274.15 $274.15 $0.00 ANNUAL PREMIUM $3,289.77 $3,289.77 $0.00 $3,289.77 $3,289.77 $0.00 $ INCREASE N/A N/A N/A $0.00 $0.00 $0.00 % INCREASE I N/A N/A N/A 0.0% 0.0% 0.0% SUMMARY TOTAL ANNUAL PREMIUM - TdW $1,765,028.97 Employer $1,517,538.30 Employee $247,490.67 Total $1,830,939.57 Employer $1,574,247.81 Employee $256,691.76 $ INCREASE N/A N/A N/A $65,910.60 $56,709.51 $9,201.09 % INCREASE N/A N/A N/A 3.7% 3.7% 3.7% Page 211 of 475