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HomeMy WebLinkAbout25E - EMPLOYEE GROUP INSURANCE RENEWALREQUEST FOR COUNCIL ACTION CITY COUNCIL MEETING DATE: SEPTEMBER 7, 2010 TITLE: EMPLOYEE GROUP INSURANCE RENEWALS TY MANAGER RECOMMENDED ACTION CLERK OF COUNCIL USE ONLY: APPROVED ? As Recommended ? As Amended ? Ordinance on 1St Reading ? Ordinance on 2"d Reading ? Implementing Resolution ? Set Public Hearing For_ CONTINUED TO FILE NUMBER Authorize the City Attorney to prepare and authorize the City Manager and Clerk of the Council to execute agreements for long term disability, medical, dental, vision, employee assistance, employee group life and accidental death and dismemberment insurance. DISCUSSION The City's employee group benefit policies, contracts and agreements are renewed annually on January 1. Currently the City provides life and accidental death & dismemberment (AD&D) coverage and long-term disability (LTD) insurance through AIG Life Insurance Company for full- time employees. AIG has agreed to renew our Accidental Death and Dismemberment insurance agreement with no increase in cost for a one year period through December 31, 2011. AIG has agreed to a rate decrease of approximately 23.1 % for Life rates and has agreed to a two-year rate guarantee for Life rates through December 31, 2012. We are currently in the second year of a two- year rate guarantee for our Long Term Disability insurance through December 31, 2011. Life Insurance Insurance Coverage Current Insurance Insurance Percent Change Rate Renewal Rate Life Insurance $0.13 per $1000 $0.10 per $1000 -23.1% Accidental Death & $0.0285 per $1000 $0.0285 per $1000 0.0% Dismemberment 25E-1 Employee Group Insurance Renewals September 7, 2010 Page 2 Long-Term Disability Group Coverage Current Insurance Insurance Percent Change Rate Renewal Rate Management $0.57 per $100 $0.57 per $100 0.0% Employees $8.78 $8.78 0.0% 130 day wait Employees $15.93 $15.93 0.0% 60 day wait Dental Plans The contracts with Delta Dental and United HealthCare are up for renewal. Delta has agreed to renew our contract for a period of two years with no rate increase. The contract with United HealthCare will not be renewed and will end on December 31, 2010. The decision not to continue the United HealthCare agreement was based on low employee participation, higher premium costs, and duplication of benefits with the City's Safeguard Plan. This will be reviewed with the City's labor groups. We are currently in the second year of a two-year contract with Safeguard Dental, and there will be no rate increase. Type of Coverage Safeguard Dental Current Rate Safeguard Dental Rate 2010 Percent Change Employee $25.28 $25.28 0.0% Employee Plus Family $43.22 $43.22 0.0% Type of Coverage Cur e l Rate Rateelt2010 a Percent Change Employee $48.39 $48.39 0.0% Employee Plus Family $119.17 $119.17 0.0% 25E-2 Employee Group Insurance Renewals September 7, 2010 Page 3 CalPERS Health Program The CalPERS basic HMO health plans will increase by 10.6% and the basic PPO health plans will increase by 8.7%. The increase reflects higher costs anticipated for hospital, medical and prescription drug use next year. The City will incur a 5.0% increase in costs because the City's contribution toward medical is tied to the Kaiser rate. The employees will pick up any increase in cost above the Kaiser rate. Plan Employee Only Employee & one Dependent Employee & two or more Dependents Blue Shield Access+ HMO $567.87 $1135.74 $1476.46 Blue Shield NetValue $488.62 $977.24 $1270.41 Kaiser $477.95 $955.90 $1242.67 PERSCare $819.18 $1638.36 $2129.87 PERSChoice $516.28 $1032.56 $1342.33 PERSSelect $451.48 $902.96 $1173.85 PORAC safet members $527.00 $987.00 $1254.00 Employee Assistance Program - REACH Employee/Associate Assistance The City is entering into the third year of a three-year rate guarantee with REACH Employee Assistance Program. This plan assists employees and their eligible dependents in handling problems that may be interfering with their performance on the job. Consultation for problems such as alcohol and drug abuse, marital and family problems are available. Retirees are not included in the annual cost estimates. In addition, the Police Officers Association is not included in the medical, dental or LTD projections and the Firemen's Benevolent Association is not included in the LTD projections, since they maintain their own insurance programs. 25E-3 Employee Group Insurance Renewals September 7, 2010 Page 4 FISCAL IMPACT The annual cost of each plan may vary depending on changes in the number of employees enrolled during the year. The projected annual costs are calculated using current enrollment as of July 2010. 2010 2011 Difference AIG Life/LTD Insurance Co. $ 229,722 $ 187,623 $ -42,099 Dental Carriers $ 608,066 $ 559,344 $ -48,722 CaIPERS Medical $ 9,569,910 $ 9,022,123 $ -547,787 REACH (EAP Provider) $ 34,410 $ 34,410 $ 0 Total Annual Cost $10,442,108 $ 9,803,500 $ -638,608 Funds in the amount of $9,803,500 are budgeted and available in the Personnel Services Employee Benefits account (account no. 08109053-64010). APPROVED AS TO FUNDS AND ACCOUNTS: Kathie Gonzalez Executive Director Personnel Services Francisco Gutierrez Executive Director Finance & Management Services Agency 25E-4