HomeMy WebLinkAboutReso 2024-3624RESOLUTION NO. 2024 - S
A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF SUNNY ISLES BEACH,
FLORIDA, APPROVING THE SELECTION OF UNITED HEALTHCARE AS THE
PROVIDER OF EMPLOYEE HEALTH INSURANCE; UNITED HEALTHCARE DENTAL AS
THE PROVIDER OF DENTAL INSURANCE; EYEMED AS THE PROVIDER OF VISION
CARE; MUTUAL OF OMAHA AS THE PROVIDER OF LIFE INSURANCE, ACCIDENTAL,
DEATH & DISMEMBERMENT (AD&D) INSURANCE, LONG TERM DISABILITY
INSURANCE, VOLUNTARY SHORT TERM DISABILITY INSURANCE, AND
VOLUNTARY LIFE INSURANCE, FOR A ONE-YEAR PERIOD; AUTHORIZING THE CITY
MANAGER TO ENTER INTO AGREEMENTS WITH THESE PROVIDERS, PROVIDED
SAID AGREEMENTS ARE APPROVED AS TO FORM AND LEGAL SUFFICIENCY BY
THE CITY ATTORNEY; FURTHER AUTHORIZING THE CITY MANAGER TO DO ALL
THINGS NECESSARY TO EFFECTUATE THIS RESOLUTION; PROVIDING FOR AN
EFFECTIVE DATE.
WHEREAS, the City of Sunny Isles Beach (the "City") currently provides regular full-time
and part-time employees with primary health care through Cigna Healthcare, a full-service
healthcare provider; and
WHEREAS, staff requested the City's insurance broker, Brown & Brown Insurance, Inc.
("B&B"), to issue proposals on behalf of the City to provide insurance coverages at generally the
same levels as the existing coverage; and
WHEREAS, after extensive negotiations with the various providers, B&B and staff
recommend acceptance of the proposal submitted by United Healthcare in an annual amount
of $3,383,068.00, with employees having the option to choose from two (2) plans: UHC Buy Up
Plan or UHC Base Plan; and
WHEREAS, Untied Healthcare has submitted a proposal for Dental Services at an annual
amount of $168,834.00, with employees having the option to choose from two (2) plans: DMO
or PPO; and
WHEREAS, EyeMed has extended their current rates at no additional cost, in an annual
amount of $21,027.00; and
WHEREAS, Mutual of Omaha has extended their current rates at no additional cost, in
the amount of $84,000.00 as the City's provider for life, long-term disability and accidental
death and dismemberment (AD&D) insurance, and at the employee's sole cost, the voluntary
short term disability insurance and voluntary life insurance, in an annual amount of $60,000.00;
and
WHEREAS, these agreements are for a period of one (1) year, with coverage beginning
March 1, 2024, for a total amount not to exceed Three Million Nine Hundred Sixteen Thousand
Nine Hundred Twenty -Nine Dollars and No Cents ($3,916,929.00), which includes a contingency
in the amount of Two Hundred Thousand Dollars and No Cents ($200,000.00) , for any
unforeseen increases.
@BCL@4COB168C.Doc Page 1 of 2 247
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF SUNNY
ISLES BEACH, FLORIDA, AS FOLLOWS:
Section 1. Approval of City Commission. The City Commission hereby approves the use of
United Healthcare as the City's health care provider, United Healthcare Dental as the dental
insurance provider, EyeMed as the vision care provider, and Mutual of Omaha as the City's
provider for life, accidental death and dismemberment (AD&D) insurance, long-term disability
insurance, voluntary short-term disability insurance, and voluntary life insurance, for a one-year
period, with coverage beginning March 1, 2024, for a total amount not to exceed Three Million
Nine Hundred Sixteen Thousand Nine Hundred Twenty -Nine Dollars and No Cents
($3,916,929.00), which includes a contingency in the amount of Two Hundred Thousand Dollars
and No Cents ($200,000.00) for any unforeseen increases.
Section 2. Authorization of City Manager. The City Manager is hereby authorized to enter
into agreements with said insurance providers, provided said agreements are approved as to
form and legal sufficiency by the City Attorney.
Section 3. Further Authorization of the City Manager. The City Manager is hereby
authorized to do all other things necessary to effectuate this Resolution.
Section 4. Effective Date. This Resolution shall become effective upon adoption.
PASSED AND ADOPTED on this 15th d of Fe uary, 2024.
ATTEST:
X
Mau?icid Betandur, CMC, City Clerk
Larisa Svechin, Mayor
APPROVED AS TO FORM
AND LEGAL SUFFICIENCY:
A I -
01P. -,;,, e. f,
Iain E. Boileau, for Nabors, Giblin
& Nickerson, P.A., City Attorney
Moved by: 1 �f✓ /7r!;�% 4d41:11!11 _Seconded by:
Vote:
Mayor Svechin—"Yes)
(No)
Vice Mayor Lama
(Yes)
(No)
Commissioner Joseph
17� (Yes)
(No)
Commissioner Stuyvesant
(Yes)
3
(No)
Commissioner Viscarra
(Yes)
(No)
@BCL@4COB168C.Doc
Page 2 of 2
248
Insurance Summary 2024
Provider
Insurance Type
Summary
The recommendation is to switch to United Healthcare for
medical insurance. This was the most competitive proposal
received. Due to the high claims experience this past year;
Cigna proposed a rate increase of approximately 35% (annual
amount of $4,159,863.00).
Cigna
Medical
After extensive negotiations with various carriers, we elected
Healthcare
to switch to United Healthcare, who submitted a proposal
with a rate increase of approximately 9.4% for the UHC Buy
Up Plan and 11.1% for the UHC Base Plan (approximate annual
amount* of $3,383,068.00), with no plan changes.
(Savings of approximately $776,795 — renewal vs. new plan)
The recommendation is to switch to United Healthcare for
dental insurance. This was the most competitive proposal
received.
Cigna provided a proposal with a rate increase of
approximately 7.5% for the Cigna PPO Dental Plan and 3% for
the Cigna DMO Plan (approximate annual amount of
Cigna
Dental
$192,984), with no plan changes.
Dental
After extensive negotiations with various carriers, we elected
to switch to United Healthcare, who submitted a proposal
with a rate decrease of approximately 5.9% for the UHC PPO
Dental Plan and 10.3% for the Cigna DMO Plan (approximate
annual amount* of $168,834), with no plan changes.
(Savings of approximately $24,750.00 — renewal vs. new plan)
Eyemed has extended their current rates at no additional cost.
EyeMed
Vision
Approximate annual amount* of $21,027. This will be the
third year of a four-year rate guarantee.
Life; Accidental
Mutual of Omaha has extended their current rates at no
Death &
additional cost. Approximate annual amount* of $84,000.00
Mutual of
Dismemberment;
Omaha
Long -Term
Disability;
Mutual of Omaha has extended their current rates at no
Voluntary Short
additional cost. Approximate annual amount* of $60,000.00
Mutual of
Term Disability and
Omaha
Voluntary Life
Voluntary Short -Term Disability and Voluntary Life Insurance
Insurance
is at the sole cost of the employee.
*Please note that annual amount presented is an approximation based on current enrollment of active
employees, COBRA participants and retirees. Amounts may vary or fluctuate throughout the plan year
based on new enrollments, addition of dependents or IRS allowed plan changes.
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CO
Voluntary Life Insurance
PROPOSED
CURRENT .. maha Humana
Mutual
S
Class Description
Al1l1 Eligible Employees
g
All Eligible Employees All Eligible Employees ployee ees Excep t Elected I
Officials
Employee
Minimum Benefit Amount
$10,000
$10,000 510,000
Maximum Benefit Amount
Up to $500,000 not to exceed 7x
employee's salary
Up to $500,000 not to exceed 7x Up to $500,000 not to exceed 7x
employee's salary employee's salary
Increments
$10,000
$10,000 $10.000
Guarantee Issue (GI)
$150,000
$150,000 $150,000
Reduction of Benefits
Reduces to
Reduces to Reduces by
at a e 65
65%
65% 35%
at age 70
40%
40% 60%
at age 75
25%
25% 75%
Spouse
!
Maximum Benefit Amount
Up to 5250,000 not to exceed 100% of
employee's amount. Coverage
terminates at age 70
Up to $250,000 not to exceed 100% of Up to $250,000 not to exceed 50 % of
employee's amount. Coverage employee's amount
terminates at age 70
Minimum Benefit Amount
$5,000
$5,000 $5,000
Increments
$5,000
$5,000 $5,000
Guarantee Issue (GI)
$50,000
$50,000 $50,000
Child(ren)
E t
Minimum Benefit Amount
$500
Maximum Benefit Amount
$10,000 not to exceed 100% of
emplo ee's amount
$10.000 not to exceed 100% of
employee's amount Up to $10,000
Guarantee Issue (GI)
$10,000
$10,000 $10,000
Benefit Schedule
14 Days to age 26
$10,000
14 Days to age 26
0. 14 days $0
15 days - 6 mo $500
$10,000
6 months -age 19 810,000
(26 if FT student)
tivelyatWork
Included
Included Included
giver of Premium
_
Included
Included Included
Portability_
Included
Included
Conversion
Included
Included
Accelerated Death Benefit
Included
Included Included
Minimum Participation Requirement
35%
35% 25%
Rate Guarantee
Expires 2/29/2024
12 Months 24'Months,
Wit mated Rates;
life` Iftte); 1,000
Life R Wif,$1,000 Life` 660/111,
Age
Employee Spouse
Employee Spouse Employee, Spouse
Q4
$0.080 $0.080
$0.080 $0.080 $0.080 $0.080
25-29
$0.080 $0.080
$0.080 $0.080 $0.080 ` $0.080
30-34
$0.090 $0.090
$0.090 $0.090 $0.090r $0.090
35-39
$0.150 $0.150
$0.150 $0.150 $0.150 $0.150
40.44
$0.270 $0.270
50.270 $0.270 $0.270 $0.270
4549
$0.470 $0.470
$0.470 $0.470 $0.470 SOA70
50-54
$0.730 $0.730
$0.730 $0.730 $0.730 S0.730
55-59
$1.100 $1.100
$1.100 $1.100 $1.100 51.100
60-64
$1.840 $1.840
$1.840 $1.840 $1.840 S1.840
65-69
$3.360 $3.360
$3.360 $3.360 $3.360 53.380
70-74
$4.760 n/a
$4.760 n/a $4.760 54.760
75+
$10.340 n/a
$10.340 Na $10.340 $10.340
Spouse's rate based upon
Employee's age.
Employee's age
AD&D Yale per $1,000 of coverage
Employee
$0.030
$0.030Ls0.030
Spouse
$0.030
$0.0300.030
Children
$0,030
$0.030
Child(ren)life rate per S1,000 of coves a
$0.200
$0.2000.200
It the d-bollycemer Is not the Same as the life canner, the employer neeas to file the waiver o1 prommin win Ilse This quote doesn't Include OE and late
lire carrier d an ompinyoe quiches for r9satnhtyenrollees will be required to provide EOI
Active at work requirement: Employees not 'actively at work' on the tat day of coverage will rentmn covered under
the prior carrier until they meet Ihe'active at work requirement' under the new r-arner
ati .,, _ ,, 256
Nk-.2
City of Sunny Isles Beach
18070 Collins Avenue
Sunny Isles Beach, Florida 33160
p9)kQby
of S,Q, 'Rav (305) 947-0606 City Hall
(305) 949-3113 Fax
MEMORANDUM
TO: Honorable Mayor and City Commissioners
VIA: Stan Morris, City Manager
FROM: Yael Y. LondoA±o, Human Resources and Risk Management Director
DATE: February 15, 2024
RE: Approval of Selection of 2024 Insurance Providers
RECOMMENDATION:
Staff recommends approval of this Resolution.
REASONS:
The City makes available various insurances as a benefit to its employees. The insurances promote
health, wellness, and protection. As such, staff requested the City's insurance brokers (Brown and
Brown) issue requests for proposals for insurance coverage at basically the same levels as the existing
coverage. After extensive negotiations with the various providers, Brown & Brown and staff
recommend acceptance of the following provider proposals. See Attachment A (Insurance Summary
Table and Proposals). '
ADDITIONAL INFORMATION:
Staff worked diligently with our brokers to secure the best pricing and plans for our insurance
coverage. Proposals that seemed competitive, but did not meet our plan standards were eliminated
from consideration. Employees will be advised of the changes and we have tentatively scheduled
information and enrollment sessions, in order to effectuate any changes by March 1, 2024, provided
receipt of City Commission approval.
Lastly, all of the recommended providers have an AM Best's Rating of "A" which is "Superior" to "Ver)
Good and all agreements will be reviewed as to form and legal sufficiency by the Office of the City
Attorney. A complete set of all of the final proposals will be on file in the City Clerk's Office.
Please note that annual amounts presented in this resolution are an approximation based on current
Item Number: 10.1
245
enrollment of active employees, COBRA participants and retirees. Amounts may vary or fluctuat(
throughout plan year based on new enrollments, addition of dependents or IRS allowed plan changes.
Therefore this resolution also includes a contingency in the amount of $200,000 to cover the
aforementioned potential increases or expenses.
FUNDING SOURCE:
Funding is available in the 42300 (Benefits - Health and Dental) & 423001 (Benefits - Life, ADD & LTC
Personnel Services Accounts in each department and/or division.
ATTACHMENTS:
Resolution
Insurance Summary 2024.pdf
Final Rate Sheet 2024.pdf
Item Number: 10.1
246