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HomeMy WebLinkAboutResolution No. 2014-30M Suggested by: Administration CITY OF KENAI RESOLUTION NO. 2014 -30 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, 2014. 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, United Health Care, provided premium renewal rates to the City that result in a 46% increase in health care rates and a 19% increase in dental rates; and, WHEREAS, PREMERA Blue Cross Blue Shield of Alaska has provided a quote for comparable coverage at a $673,372 savings in annual premiums; and, WHEREAS, the Administration met with City employees to discuss the proposed switch of providers to PREMERA Blue Cross Blue Shield of Alaska 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 to provide group medical, dental and vision benefits to the employees of the City of Kenai effective July 1, 2014 PASSED BY THE COUNCIL OF THE CITY OF KENAI, ALASKA, this 7th day of May, 2014. -,0 PAT PORTER, MAYOR A ST: SaAdr,a Modigh ity Clerk Approved by Finance: -- M "Villaye with a Past, C# with a Future" FINANCE DEPARTMENT 210 Fidalgo Avenue, Kenai, Alaska 99611 -7794 Telephone: 907 - 283 -7535 ext 221 / FAX: 907 - 283 -3014 To: Rick Koch, City Manager From: Terry Eubank, Finance Director Date: May 1, 2014 Re: Recommendation for passage of Resolution 2014 -30. The purpose of the memo is to recommend passage of Resolution 2014 -30 that will authorize a switch in the provider of the City's employee health care. KMC 23.40.120 requires the City to provide medical, dental and vision coverage to its employees. This coverage has been provided by United Health Care since July 2013. Recently the City received a quote to provide this insurance from an alternate carrier that will result in a projected 46.7% savings in premiums paid. Employees will maintain the ability opt out of coverage provided he /she has coverage from another source. The following is a financial comparison of the City's current plan and the proposed plan from UHC. Health Care Premium City Self- Insured Deductible FSA/HRA Administration Employee Life Insurance Employee Wellness Program Total Cost of Health Care City Funded Portion Employee Funded Portion Total UHC PREMERA Difference $2,114,752 $1,441,380 $673,372 156,975 156,975 -0- 12,000 12,000 -0- 16,800 16,800 -0- 20,000 20,000 -0- $2 2� $16� $673.372 $2,118,831 91.31% $1,504,103 91.31% $142,214 201,696 8.69% 143,052 8.69% 13,860 $2 2 527 100. % $1.647.155 100.00% $156.074 A comparison of employee monthly health care premiums is as follows: Monthly Premium UHC PREMERA Difference Employee $ 82.00 $ 62.00 $ 20.00 Employee /Child(ren) 155.00 115.00 40.00 Employee /Spouse 180.00 126.00 54.00 Employee /Family 246.00 171.00 75.00 Part time Employee 433.00 306.00 127.00 Meetings conducted with employees regarding this proposed switch yielded no opposition. recommend the switch in provider and believe it is in the best interest of the City and its employees.