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HomeMy WebLinkAbout2009-2010 Employee BenefitsSubject: Renewal of Group Health Dental Insurance, Life Insurance Disability Coverage FY 09/10 A grove' for Submittal b City p Y tY Insurance, Long -Term Manager g Agenda No. 0q, 130 Department Ori in: Administrative Services Ay City Attorney: L� City Clerk: Date Submitted: August 18, 2009 For Agenda of: August 26, 2009 i er, City Manager Exhibits: 1. Insurance Analysis and Recommendation from the Gehring Group EXPENDITURE REQUIRED: N/A AMOUNT BUDGETED: Included in the 2009 -2010 Proposed Annual Budget APPROPRIATION REQUIRED: N/A HOME OF PELICAN ISLAND CITY OF SEBASTIAN AGENDA TRANSMITTAL SUMMARY Effective September 30, 2009, the city's group health, dental, vision and life and long term disability insurance contracts will expire. All insurance carriers have agreed to renew our group insurance policies at the same premiums as FY 2009, which means no increase. The only exception is the Long Term Disability, which has an annual increase of $3,037 due to a loss ratio from (2) employees currently receiving disability claims. For a more detailed explanation of the renewals of the group insurance premiums, please see attached insurance analysis and recommendation report. As a brief review, City staff and the Gehring Group are constantly reviewing our claims experience and analyzing different courses of action for our group health insurance, to include; medical clinics, premium stabilization plans, self insurance and increases in employee co -pays. For fiscal year 2010, we did not consider altering the City's 50% contribution for dependent care as we are bound by contractual bargaining agreements with the PBA and PEA. The following are the specific coverage's the City provides that we are requesting renewal of, along with their associated carriers: 1. Health Insurance Blue Cross Blue Shield of Florida 2. Dental Insurance Florida Combined Life Insurance Company (a subsidiary of BCBSFL) 3. Vision Insurance Humana Specialty Benefits 4. Long Term Disability Florida Combined Life Insurance Company (a subsidiary of BCBSFL) 5. Life Insurance Florida Combined Life Insurance Company (a subsidiary of BCBSFL) The Gehring Group is currently the city's agent of record for employee group insurance. The Gehring Group receives a 3% commission on the total premiums paid to BlueCross BlueShield of Florida (BCBSFL). 1 In return, the Gehring Group provides the following services to the City: Presence during the two (2) day open enrollment period to assist the City in processing all necessary paperwork for additions and changes to employee coverage's. Additionally, provides paycheck stuffers and posters notifying City employees of open enrollment which is scheduled for September 8 and 9, 2009. Availability to City Council to answer any questions Assistance in handling any questions or problems with insurance providers throughout the contract period. Provides and updates our employee benefit highlights booklets each fiscal year for all employees. Meetings throughout the fiscal year with management to review claims experience, forecasting and planning. Provides technology and support for our online benefits program which has streamlined our in -house benefit administration. Kurt Gehring of the Gehring Group will be available at the Council meeting for a short presentation and to answer any questions. RECOMMENDED ACTION Move to waive competitive bid procedures and authorize a one (1) year renewal of the following agreements: Group Health Insurance through BlueCross BlueShield of Florida, Dental insurance, Life Insurance Long -Term Disability through Florida Combined Life Insurance Company (a subsidiary of BCBSLF) and Vision Insurance through Humana Specialty Benefits. 2 City of Sebastian HOME OF PEUCAN Employee Benefits Insurance Analysis and Recommendation Effective Date: October 1, 2009 Presented by: GEHRING„ GROUP 11505 Fairchild Gardens Ave., Ste 202 Palm Beach Gardens, Florida 33410 Telephone: (561) 626-6797 Fax: (561) 626-6970 www.gehrin roup.com Section 1~,~~,~~,,..,.~.,..,..~..~..... Executive Summary of Recommendations Section 2 Health Insurance Proposal Analysis Section 3,,,,,,,,,,,,,~,,,,,,,~~,,,,,~,,,,,,,,,,,,,~, Dental Insurance Proposal Analysis Section 4,,,~,,~,,,,,..,,,~~,,,,~~, Life Disability Insurance Proposal Analysis SECTION 1 Health Insurance Evaluation Due to the concern regarding the rising healthcare inflation rate in the State of Florida, as well as the budget reductions facing municipal governments, the City of Sebastian's agent of record, the Gehring Group, initiated renewal discussions with the City's current health insurance carrier, BlueCross BlueShield of Florida in order to maintain the current benefit structure while reducing the overall renewal impact on a fiscal basis. The City has been able to maintain the same plan design over the past few years and has been able to maintain a competitive health insurance plan throughout the County. Initially BlueCross BlueShield of Florida provided an overall renewal increase to the City at an 8.5% increase in current premiums. After subsequent negotiations the Gehring Group was able to negotiate the renewal to a no increase. This negotiation resulted in a savings of approximately $105,777. In addition to renewing the current plan with no benefit changes, the Gehring Group, at the request of City staff, also requested that BlueCross BlueShield provide alternative quotes with reduced quotes. Pricing was provided for a combination of health plans based upon the current plan. The savings associated with offering an alternative plan were not substantial enough for the City to be able to offer a viable health plan by requiring the City to reduce the current level of benefits on the PPO plan. Upon review of the negotiated premiums and benefits associated with the proposed alternatives, the Gehring Group along with City staff have determined that the most viable option for the City at this time is to renew its health insurance coverage with BlueCross BlueShield of Florida with no changes in the schedule of benefits and no increase in premium. There is no additional fiscal impact from the current fiscal year effective October 1, 2009 through September 30, 2010. Dental Insurance Evaluation The current dental program is an employer- sponsored program offered through Florida Combined Life Insurance Company (a subsidiary of BlueCross BlueShield of Florida) and consists of a single option PPO dental plan. Upon review of the plan claims paid for the current year, Florida Combined Life offered a rate pass for the upcoming plan year. Upon review of the renewal evaluation with City staff, it is recommended that the City renew its dental insurance program with Florida Combined Life and maintain the current dental plan for the upcoming 2009/2010 plan year. e. Insurance Evaluation The City of Sebastian currently offers all employees $10,000 of basic life and accidental death and dismemberment insurance. Employees are able to purchase an additional benefit up to $500,000. This benefit is currently being provided by Florida Combined Life (a subsidiary of BlueCross BlueShield of Florida). Upon review of the plan claims paid for the current year, Florida Combined Life offered a rate pass for the upcoming plan year. It is recommended that the City renew its life insurance program with Florida Combined Life and maintain the current basic life and accidental death and dismemberment insurance for the upcoming 2009/2010 plan year. Long Term Disability insurance Evaluation In addition to the dental and life insurance being offered by Florida Combined Life, they also provide the long term disability insurance for the City's employees. In 2007 rates for the long term disability plan were guaranteed through September 30, 2009. As a result of the long term disability rate guarantee claims are exceeding premium paid by 100% with two employees currently receiving disability claims. As a result of this loss ratio Florida Combined Life has proposed a 10.2% increase in premium, which represents $3,037 annually. Considering that the long term disability benefits are associated with dental and life insurance offerings, it is the recommendation of the Gehring Group that the City renew its long term disability insurance October 1, 2009 with Florida Combined Life at the requested $3,037 annual increase. Vision Insurance Evaluation The City of Sebastian currently offers employees and their dependents vision insurance through Humana VisionCare. The current rates for the vision plan will remain unchanged for an additional two year period until September 30, 2011. The Gehring Group was able to negotiate with Humana VisionCare to extend the rates at no increase. The Gehring Group recommends that the City continue its vision insurance with Humana VisionCare effective October 1, 2009. SECTION 2 Health Insurance Proposal Analysis 0 0 a 5 10 4 N N Q o 6 4 O D N m O t 0 8 0 1 N o vT O O N O N N O Vf v Z N N 2 0 N 0 0 N m N i T a O sr Y U° N 0 z Z c n O 0 to H N VL VV O W m 0 0 0 N Vf 0 0 0 0 N V ur N ti 0 0 0 N N N N ul N N 0 O N O� O N N N 0 0 0 0 a 0 O V f N O O m v r". N N V5 6 a U 6 O e O o e 0 0 0 0 0 of 0 u1 o 0 0 0 0 0 0 0 0 0 0 O O O V1 O O O O N 2 O O N O O 1n O O N N Vt yjf R V a a N O at N N N V5 "r an N a a N O 0 0 CY 0 0 0 0 N N O N E i O V N. O O d U M. 00 '4' pp Ea 0) O N 0 O O 10 0 j=. N H 0 0 m o O to to tn O O L N L 0 In N N m o fV U N 0 0 .-I ti 0 of 0 -VT +A N u/ O Z it", FT' O h h Z o v v U 2 E E IM N N IN IN 1D ao a; t a n ,-1 O N h N N .1.4 N V' 1n o at N N 1p V O 01 O N r tt, N O v 0 N N T E ttr LL CO m CO tto 5-4 N 54 M 2 2 N N N V H to w O v O Y 10 ID uJ W f0 c c d CC a 0 c 0 'O N M N X N to to N o 0 0 0 o V 00 N e- to to 0 0 0 0 N 0 a .0 0 a N m U Z 0 2 N m 6 N A O O ID A O O O O •rn 0 0 a N °o 0 ID N 0 ti 10V1 0 X A A 1.4 N e0 O O O O 0 0 0 0 0 N 0 to V V V V A .ti 0 0 N ■1 V1 O N N N !n f 6 O O 0 0 0 0 0 N N 0 O ti A 0 V V to 0 9 N g a d' O N m U M O 0 N g 0 V1 U O- N O tn. 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HEALTH OPTIONS, INC SALES ALTERNATE BENEFIT PLAN Group Number: 94085 Group Name: CITY OF SEBASTIAN AOR Fee: 4.0% Alternate Plan: 11749 $15/$30/$50 21767 $15/$30/$50 31750 $15/$30/$50 41758 $15/$30/$50 51754 $15/$30/$50 6 7 8 Prepared by: Sales Date: 8/4/2009 Eff Date: 10/1/2009 FINAL REQUESTED RATES: 1749 1767 1750 1758 1754 Single $527.91 $531.38 $524.45 $517.63 $514.37 Emp /Sp $1,092.75 $1,099.95 $1,085.61 $1,071.50 $1,064.73 Emp /Ch $992.44 $998.99 $985.96 $973.15 $967.00 Family $1,676.10 $1,687.12 $1,665.12 $1,643.49 $1,633.10 COMMENTS: Rates based "rate pass" renewal action and assume Single Option offering. All rates are subject to Office of Insurance Regulation approval. For any changes in rates policyholders will not be billed the proposed rates until those rates are approved by the Office of Insurance Regulation. Policyholders will continue to be billed the current rates. SECTION 3 Dental Insurance Proposal Analys City of Sebastian Dental Insurance RFP Evaluation Effective Date: October 1, 2009 CURRENT GET HRIN G RENEWAL SCHEDULE OF BENEFITS Plan Basics Calendar Year Maximum Deductibles Single Family Deductible Waived for Preventative Svcs Bey Preventative Basic Major Orthodontia Service Information Out of Network Benefits Payable Level Waiting Period for Major Services Endodontics /Periodontics Payable Level Rate Guarantee Employee Employee Spouse Employee Child(ren) Family 73 25 15 18 Monthly Premium Annual Premium Increase Increase BlueCross BlueShield (FCL) BlueDental ChoicePlus In Network Non Network $50 $150 Yes $1,000 $50 $150 Yes 100% 80% 50% 50% 100% 80% 50% 50% 90% UCR None Major Expires 9/30/2007 $28.50 $57.18 $71.50 $99.36 $6,370.98 $76,451.76 N/A N/A BlueCross BlueShield (FCL) BlueDental ChoicePlus In Network Non Network $50 $150 Yes 100% 80% 50% 50% $50 $150 Yes 100% 80% 50% 50% 90% UCR None Major 24 months $28.50 $57.18 $71.50 $99.36 $6,370.98 $76,451.76 $0.00 0.0% GROUP G: \Gehring Group \clients \Sebastian, City of\Employee Benefits\2009 Files \080509 Sebastian Medical Dental Renewal Evaluation 2009 -2010 SECTION 4 Life Disability Insurance Proposal Analysis LIFE AND AD &D CURRENT RENEWAL BlueCross BlueShield FCL $0.33 $0.04 BlueCross BlueShield FCL $0.33 $0.04 Basic Life Rate $1,000 AD &D Rate $1,000 Total Life and AD &D Rate $0.37 $0.37 Estimated Volume $1,414,000.00 $1,414,000.00 Total Monthly Premium $523.18 $523.18 Total Annual Premium $6,278.16 $6,278.16 Increase N/A $0.00 Increase N/A 0.00% LONG -TERM DISABILITY BlueCross BlueShield /FCL BlueCross BlueShield /FCL Long Term Disability Rate $100 $0.49 $0.54 Estimated Volume $506,173.69 $506,173.69 Total Monthly Premium $2,480.25 $2,733.34 Total Annual Premium $29,763.01 $32,800.06 Increase $0.00 $3,037.04 Increase 0.00% 10.20% TOTAL LIFE AND LTD PREMIUM $36,041.17 $39,078.22 INCREASE N/A $3,037.04 INCREASE N/A 8:43% City of Sebastian Life and Long Term Disability Renewal Effective: October 1, 2009 *Rates contingent upon renewal of health dental insurance G li G GROUP G:\Gehring Group \clients \Sebastian, City of Employee Benefits\2009 Files\080509 Sebastian Life and Disability Renewal 2009- 2010.xlsx