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<br /> <br />To: <br /> <br />Via: <br /> <br />FROM: <br /> <br />DATE: <br /> <br />RE: <br /> <br />City of Sunny Isles Beach <br />18070 Collins Avenue <br />Sunny Isles Beach, Florida 33160 <br /> <br />CifY Commission <br />Norman S, EdeIcup, MtfYor <br />Lewis J. Thaler, Vice MtfYor <br />Roslyn Brezin, Commiuioner <br />Gerry Goodman, Commiuioner <br />George "Bud" Scholl, Commiuioner <br /> <br />(305) 947-0606 City Hall <br />(305) 949-3113 Pax <br />(305) 947.2150 Building Department <br />(305) 947-5107 Fax <br /> <br />Rick Conner, City Manager <br />Hans Ottinot, City Aflomry <br />Jane A. Hines, Ci!Y Clerk <br /> <br />MEMORANDUM <br /> <br />The Honorable City Commission <br /> <br />Rick Conner, City Manager <br /> <br />Doug Haag, Asst. City Manager-Finance <br /> <br />February 18,2010 <br /> <br />HEAL TH, DENTAL, LIFE, DISABILITY AND VISION INSURANCE <br />RENEWAL - EFFECTIVE MARCH 1,2010 <br /> <br />RECOMMENDATION: <br />It is recommended that the City Commission adopt the attached resolution renewing the City's <br />existing employee insurance benefit providers as follows: <br /> <br />Coverage Type Pr vider Effective Date <br />Health Insurance AvMed March 1,2010 <br />Dental Insurance Lincoln Financial Group March 1, 2010 <br />Vision Insurance Eye Med March 1, 2010 <br />Life Insurance Lincoln Financial Group March 1,2010 <br />Accidental Death and Lincoln Financial Group March 1,2010 <br />Dismemberment (AD & D ) <br />Long Term Disability Lincoln Financial Group March 1,2010 <br /> <br />BACKGROUND: <br />Last year at this time the City faced a challenging situation when our previous health insurance <br />provider (United Health Care) proposed an overall 39% increase in our premiums. As a result <br />of the efforts of our insurance agent - Brown & Brown - we were able to realize a significant <br />savings by placing our coverages with A vMed in March, 2009. <br /> <br />This year, AvMed's proposal includes a 12% increase. This represents an additional annualized <br />cost to the City of approximately $130,000 (this does not include the employee's share of <br /> <br /> <br />Funding available: <br /> <br />Approval: <br /> <br /> <br /> <br />\Dt> <br />~-~D <br /> <br />Agenda Item No,: <br /> <br />Finance Department <br /> <br />City Manager <br /> <br />MEMO 1O-02-18JIEALTJ-I INSURANCE RENEWAL (2) <br /> <br />Commission Meeting Date: <br />