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HomeMy WebLinkAboutResolution No. 2015-28Suggested by: Administration CITY OF KENAI RESOLUTION NO. 2015 -28 A RESOLUTION OF THE COUNCIL OF THE CITY OF KENAI, ALASKA, AUTHORIZING THE CITY MANAGER TO ENTER INTO A CONTRACT WITH PREMERA BLUE CROSS BLUE SHIELD OF ALASKA TO PROVIDE EMPLOYEE HEALTH CARE TO CITY EMPLOYEES EFFECTIVE JULY 1, 2015. WHEREAS, Pursuant to KMC 23.40.120 the City provides major medical, dental, and vision insurance to its employees; and, WHEREAS, the City's current provider for this insurance, PREMERA Blue Cross Blue Shield of Alaska; and, WHEREAS, the City currently utilizes PREMERA's Select Envoy Plan for which a premium renewal rate increase of 37.9% was provided to the City; and, WHEREAS, PREMERA Blue Cross Blue Shield of Alaska has provided a quote for alternate coverage utilizing its Plus Envoy Plan at a premium increase of 20.75 %; and, WHEREAS, the Administration met with City employees to discuss the proposed switch of plans with no opposition from employees; and, WHEREAS, providing quality health care is a component of a comprehensive compensation package which allows the City to recruit and retain quality employees to provide the services of the City for its residents. NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF KENAI, ALASKA, that the City Council authorizes the City manager to execute a contract with PREMERA Blue Cross Blue Shield of Alaska, utilizing PREMERA's Plus Envoy Plan, to provide group medical, dental and vision benefits to the employees of the City of Kenai effective July 1, 2015 PASSED BY THE COUNCIL OF THE CITY OF KENAI, ALASKA, this 20th day of May, 2015. PAT PORTER, MAYOR ATTES . Sandra o igh City Clerk Approved by Finance: u "Villaye with a Past, C# with a Future" TTo: Rick Koch, City Manager FINANCE DEPARTMENT 210 Fidalgo Avenue, Kenai, Alaska 99611 -7794 Telephone: 907 - 283 -7535 / FAX: 907 - 283 -3014 From: Terry Eubank, Finance Director Date: May 13, 2015 Re: Recommendation for passage of Resolution 2015 -28. The purpose of the memo is to recommend passage of Resolution 2015 -28 that will authorize a switch in health care plans for City employees with coverage remaining with PREMERA Blue Cross Blue Shield of Alaska. KMC 23.40.120 requires the City to provide medical, dental and vision coverage to its employees. This coverage has been provided by PREMERA Blue Cross Blue Shield of Alaska since July 2014. Recently the City received a quote to provide the current insurance, PREMERA's Select Envoy Plan, which would have resulted in a 37.9% increase in monthly premiums. A 37.9% premium increase would have resulted in an increase of $584,895 in employee health care costs for FY16. Working with PREMERA, the Administration is recommending alternate coverage using PREMERA's Plus Envoy Plan which will reduce the premium increase to $318,338. Plan differences between the Select Envoy and Plus Envoy plans do not exist if PREMERA preferred providers are utilized. Selection of PREMERA participating or non - participating providers will result in greater coinsurance to the employee and no out of pocket limits should non - participating providers be used. The following is a financial comparison of the City's current plan and the proposed plan. Health Care Premium City Self- Insured Deductible FSA/HRA Administration Employee Life Insurance Employee Wellness Program Total Cost of Health Care FY15 PREMERA $1,441,380 156,975 12,000 16,800 20,000 $1.647.155 FY16 PREMERA Difference $1,759,718 $318,338 161,850 4,875 12,000 -0- 16,800 -0- 20,000 -0- $1 368 $323.2.13 City Funded Portion $1,504,103 91.31% $1,795,780 91.14% $294,677 Employee Funded Portion 143,052 8.69% 174,588 8.86% 31.536 Total $1 �647 155 100.00% $ 100,00% $323.213 A comparison of employee monthly health care premiums is as follows: Monthly Premium FY15 PREMERA FY16 PREMERA Difference Employee $ 62.00 $ 72.00 $ 10.00 Employee /Child(ren) 115.00 134.00 19.00 Employee /Spouse 126.00 147.00 21.00 Employee /Family 171.00 201.00 30.00 Part time Employee 306.00 369.00 63.00 Meetings conducted with employees regarding this proposed switch yielded no opposition. recommend the switch in plan and believe it is in the best interest of the City and its employees.