HomeMy WebLinkAboutBPW-07-05-00-10 Health Ins.RateRESOLUTION BPW-07-05 -00-10
A RESOLUTION ADJUSTING EMPLOYER AND EMPLOYEE PREMIUM RATES
FOR THE CITY OF CARMEL EMPLOYEE HEALTH BENEFIT PLAN
WHEREAS, the primary source of revenue for the City of Carmel Employee
Health Benefit Plan (the "Plan") consists of bi-weekly employer and employee premium
contributions; and
WHEREAS, health care costs are rising dramatically, a trend that is expected to
continue into the foreseeable future; and
WHEREAS, forecasted revenue for the Plan is currently insufficient to cover
anticipated Plan claims and expenses; and
WHEREAS, the Board of Public Works and Safety, as the Plan Administrator, is
responsible for maintaining adequate current and reserve funding for the Plan.
NOW, THEREFORE, BE IT RESOLVED by the Carreel Board of Public Works
and Safety as follows:
As of July 1, 2000, health insurance premium rates for the City and its employees
participating in the Plan will be as stated on Attachment A, incorporated herein by this
reference.
Approved and adopted on this ~2~2 day of July, 2000.
CITY OF CARMEL, INDIANA
By and through its Board of Public Works and Safety
Date:
Bill~2~Talker, Board Member
ate:
~~Burke, Boa~'~lembe~r
Date:
ATT~TL~ ~
Diana Cordray. IAMC. ClerkT~surer
Date: ¢",~.'~
ATTACHMENT A
CITY OF CARMEL EMPLOYEE HEALTH BENEFIT PLAN RATES
EFFECTIVE JULY 1, 2000
Medical Insurance Only
Membership Status
Employee Only
Employee/Child(ren)
Employee/Spouse
Employee/Family
New Monthly Rate New BWRate Employer BW Emplovee BW
224.00 103.38 77.54 25.85
477.00 220.15 165.12 55.04
519.00 239.54 179.65 59.88
779,00 359.54 269.65 89.88
Dental Insurance Only
Membership Status
Employee Only
Employee/Child(ren)
Employee/Spouse
Employee/Family
New Monthly Rate New BWRate Employer BW Emplovee BW
17.00 7.85 5.88 1.96
31.00 14.31 10.73 3.58
33.00 15.23 11.42 3.81
47.00 21.69 16.27 5.42
Medical and Dental Insurance
Membership Status
Employee Only
Employee/Child(ren)
Employee/Spouse
Employee/Family
New Monthly Rate New BWRate Employer BW EmploVee BW
241,00 111,23 83,42 27,81
507.00 234.00 175,50 58.50
552.00 254,77 191.08 63,69
825,00 380.77 285.58 95.19