HomeMy WebLinkAboutBPW-12-01-04-01 Health Ins Rate RESOLUTION BPW 12-01-04-01
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
and
WHEREAS, health care costs continue to increase significantly from year to year;
WHEREAS, forecasted revenue for the Plan is currently insufficient to cover
anticipated Plan claims and expenses and to also maintain an adequate reserve throughout
the 2005 Plan year; and
WHEREAS, the Board of Public Works and Safety, as the Plan Administrator, is
responsible for ensuring 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, 2005, 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.
//J~mes Bra' , _
~or~Wat~so:/o~t'Member
CITY OF CARMEL, INDIANA
By and through its Board of Publif Works and Safety
Date
Date
Date
,,,Diana Cordray, IAMC,IClerk-Treasurer ~)ate
Attachment A
2005 Bi. Weekly Health Insurance Premiums
PLAN A
Total Premium City Portion Employee Portion
Employee Only $233.13 $174.85 $58.28
Employee/Spouse $540.17 $405.13 $135.04
Employee/Child(mn) $496.39 $372.29 $124.10
Employee/Family $810.76 $608.07 $202.69
Plan B
Total Premium City Portion Employee Portion
Employee Only $197.67 $168.02 $29.65
Employee/Spouse $457.93 $389.23 $68.70
Employee/Child(ten) $420.91 $357.76 $63.15
Employee/Family $687,34 $584.22 $103.12
Plan C
Total Premium City Portion Employee Portion
Employee Only $183.61 $168.02 $15.59
Employee/Spouse $425.49 $389.23 $36.26
Employee/Child(ren) $390.99 $357.76 $33.23
Employee/Family $638.63 $584.22 $54.41
Dental
Total Premium City Portion Employee Portion
Employee Only $13.20 $9.90 $3.30
Employee/Spouse $25.54 $19.16 $6.39
Employee/Child(ren) $24.06 $18,05 $6.02
Employee/Family $36.39 $27.29 $9.10