HomeMy WebLinkAboutBPW-11-05-03-01 Health Premium RESOLUTION BPW 11-05-03-01
A RESOLUTION ADJUSTING EMPLOYER AND EMPLOYET;P~I~&~R~kO~¥~
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 have increased significantly over the past year, a
trend expected to continue into 2004 and beyond; 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 Carmel Board of Public Works
and Safety as follows:
Effective January 1, 2004, 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.
CITY OF CARMEL, INDIANA
By and through its Board of Public Works and Safety
,f~/ames Brainard, Presiding Officer^ Date
Mar~ Anfi/~arTember Date
Lori Watso~m~-"ber o~.~_r Date
/~h Cordray, ~lerk-Treas~er Date
Employee Only
Employee/Spouse
Employee/Child(mn)
Employee/Family
Employee Only
Employee/Spouse
Employee/Child(ren)
Employee/Family
Employee Only
Employee/Spouse
Employee/Child(ren)
Employee/Family
Attachment A
2004 Bi-Weekly Health Insurance Premiums
PLAN A
Total Pmmium City Potion Employee Podion
$202.72 $152.04 $50.68
$469.71 $352.28 $117.43
$431.64 $323.73 $107.91
$705.01 $528.76 $176.25
Plan B
Total Premium City PoKion Employee PoKion
$171.89 $143.10 $28.79
$398.20 $331.50 $66.70
$366.01 $304.70 $61.31
$597.69 $497.57 $100.12
Plan C
Total Pmmium City Potion Employee Potion
$159.66 $143.10 $16.56
$369.99 $331.50 $38.49
$339.99 $304.70 $35.29
$555.33 $497.57 $57.76
Dental
Employee Only
Employee/Spouse
Employee/Child(ren)
Employee/Family
Total Premium
$11.48
$22.21
$2O.92
$31.64
City Potion
$8.61
$16.66
$15.69
$23.73
Employee Podion
$2.87
$5.55
$5.23
$7.91