HomeMy WebLinkAboutBPW-10-18-06-01 Insurance Premium IncreaseRESOLUTION BPW 10- 18 -06 -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
WHEREAS, health care costs continue to increase significantly from year to year;
and
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 2007 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, 2007, 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 an • through its Board of Public Works and Safety
i
-
ames Braman , Presiding 1
Mary An
Lori
icer
urke, Board Member
also
ATTES
oard
Member
iana Cordray,I C, Clerk- Treasurer
Date
Date
Attachment A
2007 BI- WEEKLY HEALTH INSURANCE RATES
TOBACCO USERS WILL PAY A $10 BI- WEEKLY SURCHARGE, IN ADDITION TO THE RATES BELOW
Plan A
Total Premium City Portion City % Employee Portion Employee %
Employee Only $240.12 $180.09 75% $60.03 25%
Employee /Spouse $556.38 $417.29 75% $139.10 25%
Employee /Child(ren) $511.28 $383.46 75% $127.82 25%
Employee /Family $835.08 $626.31 75% $208.77 25%
Plan B
Total Premium City Portion City % Employee Portion Employee %
Employee Only $203.60 $173.06 85% $30.54 15%
Employee /Spouse $471.67 $400.91 85% $70.76 15%
Employee / Child(ren) $433.54 $368.50 85% $65.04 15%
Employee /Family $707.96 $601.75 85% $106.21 15%
Plan C
Total Premium City Portion City % Employee Portion Employee %
• Employee Only $189.12 $173.06 92% $16.06 8%
Employee /Spouse $438.25 $400.91 91% $37.34 9%
Employee /Child(ren) $402.72 $368.50 92% $34.22 8%
Employee /Family . $657.79 $601.75 91% $56.04 9%
Dental
Total Premium City Portion City % Employee Portion Employee
Employee Only • $13.60 $10.20 75% $3.40 25%
Employee /Spouse $26.31 $19.73 75% $6.58 25%
Employee / Child(ren) $24.78 $18.59 75% $6.20 25%
Employee /Family $37.48 $28.11 75% $9.37 25%