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Employee Group Insurance Renewals
<br />September 1, 2015
<br />Page 5
<br />FISCAL IMPACT
<br />The annual cost of each plan may vary depending on changes in the number of employees
<br />enrolled during the year. The projected annual costs are calculated using current enrollment as of
<br />July 2015 for City provided insurance and 522 budgeted positions for POA insurance coverage.
<br />Aetna Life`
<br />POA LTD Insurance
<br />POA Dental
<br />POA Medical
<br />REACH (EAP Provider)*
<br />Total Annual Cost
<br />Coverage for POA (Sworn and Non - Sworn)
<br />CY 2015
<br />$ 14,640
<br />$ 396,000
<br />$ 540,000
<br />$ 7,074,000
<br />$ 11,100
<br />$ 8,035,740
<br />CY 2016
<br />$ 14,962
<br />$ 404,712
<br />$ 551,880
<br />$ 7,495,848
<br />$ 11,100
<br />$ 8,478,502
<br />Difference
<br />$ 322
<br />$ 8,712
<br />$ 11,880
<br />$ 421,848
<br />$ 0
<br />$ 442,762
<br />Coverage for SEIU, CASA, SAMA, EM, PMA & PTCS (City Administers)
<br />CY 2015
<br />CY 2016
<br />Difference
<br />Aetna Life /LTD Insurance*
<br />$ 115,788
<br />$ 126,250
<br />$ 10,462
<br />Dental Carriers*
<br />$ 350,904
<br />$ 404,677
<br />$ 53,773
<br />CalPERS Medical*
<br />$ 6,029,148
<br />$ 7,035,566
<br />$1,006,418
<br />REACH (EAP Provider)*
<br />$ 17,784
<br />$ 17,784
<br />$ 0
<br />Total Annual Cost
<br />$ 6,513,624
<br />$ 7,584,277
<br />$1,070,653
<br />*City administered insurance
<br />Funds in the amount of $7,075,012 are budgeted and available in the Personnel Services
<br />Employee Benefits account (account no. 08109053 - 64010) to pay for City administered insurance
<br />coverage *. Funds in the amount of $8,452,440 are budgeted and available in the Employee
<br />Benefits account (account no. 08109053- 64010) to pay for the insurance coverage administered
<br />by the POA. The total budgeted amount of $15,527,452 is available in Fiscal Year 2015 -2016.
<br />The balance will be budgeted in Fiscal Year 2016 -2017.
<br />E and S. aya
<br />Executive Director
<br />Personnel Services
<br />APPROVED AS TO FUNDS AND ACCOUNTS:
<br />Francisco Gutierrez
<br />Executive Director
<br />Finance & Management Services Agency v
<br />25E -5
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