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CITY COMMISSION AGENDA ITEM |
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Department: |
Human Resources |
Commission Meeting Date: 11/7/17 |
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Staff Contact: |
Lori Carnahan |
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Recommendations/Options/Action Requested: |
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Authorize the City Manager to execute the necessary agreements with Aetna to provide stop-loss coverage at the current levels for the City’s Employee Healthcare Plan for 2018 with a total annual premium of $1,018,206. |
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Executive Summary: |
Hays Companies, the City’s benefits consultants, sent out a Request for Proposal (RFP) on behalf of the City for 2018 Stop-Loss coverage. Four companies responded. Aetna had the most favorable proposal with only a 3.7% increase over current rates. |
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Strategic Plan Critical Success Factor |
Effective Governance/Professional Administration Innovative Infrastructure and Asset Management Core Services Sound Fiscal Stewardship
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Fiscal Impact (Amount/Source): |
The fiscal impact to the City is $1,018,206. This item was in the 2018 Healthcare budget. |
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Attachments: |
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Reviewed By: (for CMO use only) |
☐TM ☐DS ☒CT ☐BM |