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Reso 2024-3624
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Reso 2024-3624
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Last modified
3/5/2024 4:23:42 PM
Creation date
2/22/2024 10:31:31 AM
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CityClerk-Resolutions
Resolution Type
Resolution
Resolution Number
2024-3624
Date (mm/dd/yyyy)
02/15/2024
Description
Approving Selection of United Healthcare as Provider for Employee Health & Dental Insurance; Eyemed for Vision; Mutual of Omaha for Life, Accidental..
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Expiration Date
2/15/2025
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Insurance Summary 2024 <br />Provider <br />Insurance Type <br />Summary <br />The recommendation is to switch to United Healthcare for <br />medical insurance. This was the most competitive proposal <br />received. Due to the high claims experience this past year; <br />Cigna proposed a rate increase of approximately 35% (annual <br />amount of $4,159,863.00). <br />Cigna <br />Medical <br />After extensive negotiations with various carriers, we elected <br />Healthcare <br />to switch to United Healthcare, who submitted a proposal <br />with a rate increase of approximately 9.4% for the UHC Buy <br />Up Plan and 11.1% for the UHC Base Plan (approximate annual <br />amount* of $3,383,068.00), with no plan changes. <br />(Savings of approximately $776,795 — renewal vs. new plan) <br />The recommendation is to switch to United Healthcare for <br />dental insurance. This was the most competitive proposal <br />received. <br />Cigna provided a proposal with a rate increase of <br />approximately 7.5% for the Cigna PPO Dental Plan and 3% for <br />the Cigna DMO Plan (approximate annual amount of <br />Cigna <br />Dental <br />$192,984), with no plan changes. <br />Dental <br />After extensive negotiations with various carriers, we elected <br />to switch to United Healthcare, who submitted a proposal <br />with a rate decrease of approximately 5.9% for the UHC PPO <br />Dental Plan and 10.3% for the Cigna DMO Plan (approximate <br />annual amount* of $168,834), with no plan changes. <br />(Savings of approximately $24,750.00 — renewal vs. new plan) <br />Eyemed has extended their current rates at no additional cost. <br />EyeMed <br />Vision <br />Approximate annual amount* of $21,027. This will be the <br />third year of a four-year rate guarantee. <br />Life; Accidental <br />Mutual of Omaha has extended their current rates at no <br />Death & <br />additional cost. Approximate annual amount* of $84,000.00 <br />Mutual of <br />Dismemberment; <br />Omaha <br />Long -Term <br />Disability; <br />Mutual of Omaha has extended their current rates at no <br />Voluntary Short <br />additional cost. Approximate annual amount* of $60,000.00 <br />Mutual of <br />Term Disability and <br />Omaha <br />Voluntary Life <br />Voluntary Short -Term Disability and Voluntary Life Insurance <br />Insurance <br />is at the sole cost of the employee. <br />*Please note that annual amount presented is an approximation based on current enrollment of active <br />employees, COBRA participants and retirees. Amounts may vary or fluctuate throughout the plan year <br />based on new enrollments, addition of dependents or IRS allowed plan changes. <br />249 <br />
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