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HomeMy WebLinkAboutDocumentation_Regular_Tab 10_08/11/2016 . • • Memo To: Michael R Couzzo, Jr., Village Manager ;: From: Meriene Reid, HR Director y� � w / Date: July 28, 2016 Re: Health and Dental Insurance 2016/17 Blue Cross Blue Shield released the renewal numbers in early July 2016 with proposed increases of 9.6% to retain current benefits for the traditional plan and 4.5% for the High Deductible plan. Subsequent negotiations returned an overall increase of 6.04%, or a total annual cost increase of $66,897.60. These numbers also include 3 retirees and 2 Council members who are responsible for paying their full premiums. The attached cost evaluation is based on the number of employees at July 1, 2016 and their current choice of plans (family/individual). The Village is also currently in negotiations with the PBA and the CWA for a three-year agreement for each union, to take effect October 1, 2016, and it is possible that the current cost-sharing arrangements may change for either or both unions. In respect of dental, MetLife continues to cover our employees' dental needs and increased their premiums by 3% to retain the current benefits. At its second and final meeting on July 18, 2016, the Benefits committee recommended that the final numbers be accepted, and HR is therefore requesting that the following recommendations be approved: 1. The health insurance be renewed with BCBS, and 2. The dental insurance be renewed with MetLife. Village of Tequesta GEHRINC� �GRnUP Medical Insurance Renewal Cost Evaluation I N 5 II P R H C 6 e n o n c n s,� . c o�� s �., . p, s Effective Date: October 1, 2016 CI.;3�?RLNY fdE�i;:Eb1'i14 �Ed��� Florida Blue Florida 81ue iCWA Bur�aining Unit - Tradifiona! Employee 20 $38.06 $535.36 $573.42 555.64 $552.94 $608.58 Employee+5pouse 2 5262.16 $1,102.58 51,364.74 5303.99 $1,144.41 $1,448.40 Employee+Child(ren) 5 $174.46 SSS0.62 $1,055.08 $206.81 $912.97 $1,119.78 Family 4 $382.32 $1,406.74 $1,789.06 $437.17 $1,461.59 $1,898.75 lAFF, PBA & General Ef's - T raditional Employee 21 $0.00 $573.42 $573.42 $0.00 $608.58 $608.58 Employee+Spouse 2 $197.83 $1,166.91 $1,364.74 $Z09.96 $1,235.45 $1,448.40 Employee+Child(re�j 6 $120.42 $934.67 $1,a55.08 $127.80 $991.98 $1,119.78 Family 23 $303.91 $1,485.15 $1,789.06 $322.54 $1,576.21 $1,898.75 Retirees & COBRA - Traditional Employee 3 $573.42 $0.00 S573.42 $608.58 $0.00 5608.58 Employee+Spouse 0 $1,364.74 $0.00 $1,364.74 51,448.40 $0.00 $1,448.40 Employee+Child(ren) 0 $1,055.08 $0.00 $1,055.08 $1,119.78 $0.00 $1,119.78 Fami�y 0 $1,789.06 $0.00 $1,789.06 $1,898.75 $0.00 $1,895.75 CWA 8orgaining Unii - HDHP Employee 0 $53.84 $437.52 $491.36 $68.58 $452.26 $520.84 Employee+5pouse 0 $285.42 $872.01 51,157.43 $280.58 $867.17 $1,147.74 Ernployee+Child(ren) 0 5196.00 $699.43 5895.43 5191.96 5695.39 $887.34 Family 0 5407.96 $1,108.50 $1,516.46 $402.04 $1,102.58 $1,504.61 IAFF, P8A & Generol EE's - HONP Employee 1 50.00 $491.3G $49136 SO.DO $520.84 $520.84 Employee+5pouse 1 $166.52 5990.91 51,157.43 $156.73 $991.02 $1,147.74 Employee+Child(ren) 0 $101.02 5794.41 5895.A3 $91.63 $795.72 588734 Family 0 $256.28 $1,260.19 $1,516.46 $245.94 51,258.67 51,504.61 Retirees & C08RA - HOHP Employee 0 $49136 $0.00 $491.36 $520.84 $0.00 $520.84 Employee+Spouse 0 $1,157.43 $0.00 $1,157.43 $1,147.74 $O.OD $1,147.74 Employee+Child(ren) 0 $895.43 $0.00 $895.43 $887.34 $0.00 $887.34 Family 0 $1,516.46 $0.00 $1,516.46 $1,504.61 $0.00 $1,504,61 Monthly Premium 88 $13,681.96 $78,566.77 $92,248.73 $15,091.14 $82,73239 $97,823.53 Annual Premium $164,183.49 $942,801.27 $1,106,964.76 $181,093.71 $992,788.65 $1,173,882.36 $ Increase N/A N/A NJA $16,910.22 $49,987.38 $66,897.60 %Increase NJA N/A N/A 10.30% 5.3D% 6.04% Village of Tequesta GEHRING , �1`�U� DentallnsuranceRenewalEvaluation INSURRIdCE BROKEflS � [ONSULT0.NT5 Effective Date: October 1, 2016 CURRENT RENEINAL � • �- •• • �- •• • Plan Basics !n Network Non Network In Network Non Nefwork Calendar Year Maximum $1,500 $1,500 Deductibles Single $25 $50 $25 $50 Family Maximum $75 $150 $75 $150 Deductible Waived for PreventativeSvcs Yes No Yes No eene�ts Preventative 100% 100% 100'�0 100% Basic 100% 80°/a 100°� 809'0 M�jOr 60°/n 50% 60% 5� Orthodontia 50% 5U% 50% 50°r6 Service Information Out of Network Benefits Payabie Level 90th percentile 90th percentile Benefits Waiting Period (Timely Entrants� None None Orthodontia Lifetime Maximum $1,000 $1,000 Endodontics/Periodontics Payable Level Basic Basic Rate Guarantee Expires 9J30/2016 12 Months Premium per Month Employee 51 $38.67 $39.83 Employee + Family 40 $10A.38 $107.51 Monthly Premium $6,147.37 $6,331.79 Annual Premium $73,768.44 $75,981.49 $ increase N/A $2,213.05 °� Increase IU/A 3.0%