HomeMy WebLinkAboutDocumentation_Regular_Tab 23_8/11/2022Agenda Item #23.
Regular Council
STAFF MEMO
Meeting: Regular Council - Aug 11 2022
Staff Contact: Merlene Reid, Director, HR &Risk Department: HR
Management
Approval of Health, Dental and Life Insurance 2022/23 Renewals
The Village's Benefits committee held its first meeting on March 10, 2022, and directed the brokers
to shop the market for the best value for money. Based on the submissions received, the committee
is recommending that the health insurance plan be moved from Florida Blue to Florida Municipal
Insurance Trust (FMIT)/United Health Care (UHC), with effect from 10/1/2022. Florida Blue returned
a 34.9% hike or a total dollar increase of $613,596, and subsequent attempts to renegotiate did not
yield significant movements. Moving to FMIT/UHC will result in an overall 5.6% increase of
$86,367.84 to the Village. There are no changes to the Group life insurance premiums and the
Employee Assistance Program, however Dental coverage increased by 5% or a total of $3,637.
The Village is currently in negotiations with the CWA and the PBA unions and the current agreements
allow the Village to make the switch from Florida Blue to FMIT/UHC as the agreements do not require
the Village to tie insurance coverage to any particular provider. Should an agreement not be reached
by October 1, 2022, the Village will continue to pay insurance premiums for employees in the
bargaining units as provided for in their current collective bargaining agreement, and any negotiated
changes will be implemented as necessary.
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.
PROJECT NAME:
Proposed:
Refer to above memo
BUDGET: Refer to above ENCUMBERED: N/A
memo
Projected Remaining:
Refer to above memo
Council approval of the Benefits committee's recommendation to Village Manager Allen, that the health
insurance plan be moved from Florida Blue to FMIT/UHC effective October 1, 2022, and to also approve
the Dental, Life and EAP renewals as outlined in the attached Benefits Executive Cost Summary.
VOT Ins - 2022-2023 Executive Summa ADA
Page 476 of 499
AWPc1WWff%esta
Proposed Estimated Employee Benefits Executive Cost Summary
Effective Date: October 1, 2022
GEHRING GROUP
A RISK STRATEGIES COMPANY
COVERAGE
CURRENT
FloridaHEALTH Blue
RFP RECOMMENDATION
WIT
PPO Plan
Total
Employer
Employee
Total
Employer
Employee
Employee
38
$760.55
$760.55
$0.00
41
$833.36
$833.36
$0.00
EE+Spouse
7
$1,810.11
$1,547.72
$262.39
7
$1,791.70
$1,552.12
$239.58
EE+Child(ren)
11
$1,460.26
$1,285.33
$174.93
11
$1,541.70
$1,364.62
$177.08
EE+Family
31
$2,433.76
$2,015.46
$418.30
33
$2,500.05
$2,083.38
$416.67
MONTHLY PREMIUM
87
$133,081.09
$116,352.83
$16,728.26
92
$146,170.01
$128,794.96
$17,375.05
ANNUAL PREMIUM
$1,596,973.08
$1,396,233.96
$200,739.12
$1,754,040.12
$1,545,539.52
$208,500.60
HMO Plan
Total
Employer
Employee
Total
Employer
Employee
Employee
3
$707.79
$707.79
$0.00
0
EE+Spouse
0
$1,684.53
$1,440.35
$244.18
0
In -Network
Only Plan Not Available -
EE+Child(ren)
0
$1,358.95
$1,196.16
$162.79
0
Current Enrollment Included in PPO Plan Above
EE+Family
2
$2,264.93
$1,875.65
$389.28
0
MONTHLY PREMIUM
5
$6,653.23
$5,874.67
$778.56
0
$0.00
$0.00
$0.00
ANNUAL PREMIUM
$79,838.76
$70,496.04
$9,342.72
$0.00
$0.00
$0.00
HDHP
Total
Employer
Employee
Total
Employer
Employee
Employee
5
$676.43
$676.43
$0.00
5
$751.56
$751.56
$0.00
EE+Spouse
0
$1,560.12
$1,339.20
$220.92
0
$1,615.86
$1,399.79
$216.07
EE+Child(ren)
1
$1,258.58
$1;113.04
$145.54
1
$1,390.39
$1,230.68
$159.71
EE+Family
1
$2,097.63
$1,742.33
$355.30
1
$2,254.68
$1,878.90
$375.78
MONTHLY PREMIUM
7
$6,738.36
$6,237.52
$500.84
7
$7,402.87
$6,867.38
$535.49
ANNUAL PREMIUM
$80,860.32
$74,850.24
$6,010.08
$88,834.44
$82,408.56
$6,425.88
ALL MEDICAL PLANS
Total
Employer
Employee
Total
Employer
Employee
TOTAL MONTHLY PREMIUM
99
$146,472.68
$128,465.02
$18,007.66
$153,572.88
$135,662.34
$17,910.54
TOTAL ANNUAL PREMIUM
$1,757,672.16
$1,541,580.24
$216,091.92
$1,842,874.56
$1,627,948.08
$214,926.48
$ INCREASE
N/A
N/A
N/A
$85,202.40
$86,367.84
-$1,165.44
INCREASE
N/A
N/A
N/A
4.8%
5.6%
-0.5%
..
.. .
DENTAL PPO
Total
Employer
Employee
Total
Employer
Employee
Employee
54
$29.12
$29.12
$0.00
$30.60
$30.60
$0.00
EE+Family
45
$98.72
$29.12
$69.60
$103.68
$30.60
$73.08
MONTHLY PREMIUM
99
$6,014.88
$2,882.88
$3,132.00
$6,318.00
$3,029.40
$3,288.60
ANNUAL PREMIUM
99
$72,178.56
$34,594.56
$37,584.00
$75,816.00
$36,352.80
$39,463.20
$ INCREASE
N/A
N/A
N/A
$3,637.44
$1,758.24
$1,879.20
INCREASE
N/A
N/A
N/A
5.0%
5.1%
5.0%
VISION..
Standard
VISION
Total
Employer
Employee
Total
Employer
Employee
Employee
32
$5.27
$0.00
$5.27
$5.44
$0.00
$5.44
EE+Spouse
10
$10.22
$0.00
$10.22
$10.56
$0.00
$10.56
EE+Child(ren)
7
$9.45
$0.00
$9.45
$9.76
$0.00
$9.76
EE+Family
13
$14.40
$0.00
$14.40
$14.84
$0.00
$14.84
MONTHLY PREMIUM
62
$524.19
$0.00
$524.19
$540.92
$0.00
$540.92
ANNUAL PREMIUM
62
$6,290.28
$0.00
$6,290.28
$6,491.04
$0.00
$6,491.04
$ INCREASE
N/A
N/A
N/A
$200.76
$0.00
$200.76
INCREASE
N/A
N/A
N/A
3.2%
0.0%
3.2%
Page 477 of 499
AWPc1WWff%esta
Proposed Estimated Employee Benefits Executive Cost Summary
Effective Date: October 1, 2022
GEHRING GROUP
A RISK STRATEGIES COMPANY
COVERAGE
CURRENT
RFP RECOMMENDATION
Total
StandardLIFE The
Employer
Employee
Total
.. .
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
$11,228,400
$11,228,400
$11,228,400
$11,228,400
$11,228,400
.$11,228,400
A D & D Volume
$10, 004,100
$10, 004,100
$10, 004,100
$10, 004,100
$10, 004,100
$10, 004,100
MONTHLY PREMIUM
$1,760.83
$1,760.83
$0.00
$1,760.83
$1,760.83
$0.00
ANNUAL PREMIUM
$21,129.96
$21,129.96
$0.00
$21,129.96
$21,129.96
$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%
EMPLOYEEPROGRAM
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
SUMMARY
N/A
Tota I
N/A
Employer
N/A
Employee
Mill
0.0%
K.Total
0.0%
Employer
0.0%
Employee J
TOTAL ANNUAL PREMIUM
$1,860p560.73
$1,600,594.53
$259,966.20
$1,949,601.33
$11688,720.61
$260,880.72
$ INCREASE
N/A
N/A
N/A
$89,040.60
$88,126.08
$914.52
INCREASE
N/A
N/A
N/A
4.8%
5.5%
0.4%
Page 478 of 499