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HomeMy WebLinkAboutResolution BPW 11-01-23-11/HR/Annual Insurance Rates 2024 FinalInsurance Rate Resolution RESOLUTION BPW 11-01-23-11 A RESOLUTION SETTING 2024 CITY AND PARTICIPANT CONTRIBUTION RATES FOR THE CITY OF CARMEL EMPLOYEE HEALTH BENEFIT PLAN WHEREAS, the City of Carmel operates the City of Carmel Employee Health Benefit Plan (the “Plan”) to provide medical and dental benefits for its employees and retirees; and WHEREAS, the Board of Public Works and Safety, as Plan Administrator, is responsible for ensuring adequate current and reserve funding for the Plan; and WHEREAS, the primary source of revenue for the Plan consists of bi-weekly employer and participant contributions; and WHEREAS, it is imperative for Plan revenues to correspond with anticipated expenses; and WHEREAS, the City wishes to encourage employees to enroll in the consumer-driven health care plan. NOW, THEREFORE, BE IT RESOLVED by the Carmel Board of Public Works and Safety as follows: Effective January 1, 2024, health insurance contribution rates for the City and for its Active Employees will be as stated on Attachment A, for Common Council Members as stated on Attachment B, for Retirees as stated on Attachment C and for COBRA participants as stated on Attachment D, all incorporated herein by this reference. BE IT FURTHER RESOLVED that participants who meet the stated requirements will be eligible for the incentive described below: 1. The City will make a bi-weekly contribution into the Health Savings Account (HSA) of an Active Employee or Common Council Member who is eligible for an HSA, in the following amounts: a. $30.77 for employee only coverage b. $38.46 for employee/spouse or employee child(ren) coverage c. $46.15 for family coverage All City HSA contributions in 2024 shall be deposited to employee accounts at Indiana Members Credit Union. A Retiree who elects to enroll in Plan A shall receive an equivalent amount by check, half in February and half in August. DocuSign Envelope ID: 04372EEB-5867-4A05-9261-64610CF6A961 Insurance Rate Resolution The HSA contribution amount will change if and when the participant’s level of coverage changes, and contributions will cease if coverage is cancelled or, in the case of an Active Employee or a Common Council Member, if the employment relationship is terminated. PASSED by the Board of Public Works and Safety of the City of Carmel, Indiana, this ____ day of _____________, 2023, by a vote of ______ ayes and ______ nays. CITY OF CARMEL, INDIANA By and through its Board of Public Works and Safety ___________________________________ James Brainard, Presiding Officer Date: ______________________ ___________________________________ Mary Ann Burke, Board Member Date: ______________________ ___________________________________ Lori Watson, Board Member Date: ______________________ ATTEST: ___________________________________ Sue Wolfgang, Clerk Date: ______________________ DocuSign Envelope ID: 04372EEB-5867-4A05-9261-64610CF6A961 N/A November1st Not Present 02 11/1/2023 11/1/2023 11/1/2023 Insurance Rate Resolution ATTACHMENT A ACTIVE EMPLOYEES 2024 BI-WEEKLY HEALTH INSURANCE RATES SURCHARGES AND DISCOUNTS MAY BE APPLIED TO THE RATES BELOW Plan A (HDHP) Total Premium City Portion City % Employee Portion Employee % Employee Only $402.00 $343.00 85% $59.00 15% Employee/Spouse $928.00 $793.00 85% $135.00 15% Employee/Child(ren) $851.00 $727.00 85% $124.00 15% Employee/Family $1,391.00 $1,189.00 85% $202.00 15% Plan B (PPO) Total Premium City Portion City % Employee Portion Employee % Employee Only $472.00 $379.00 80% $93.00 20% Employee/Spouse $1,090.00 $877.00 80% $213.00 20% Employee/Child(ren) $1,002.00 $806.00 80% $196.00 20% Employee/Family $1,636.00 $1,316.00 80% $320.00 20% Dental Total Premium City Portion City % Employee Portion Employee % Employee Only $34.00 $25.50 75% $8.50 25% Employee/Spouse $63.00 $47.50 75% $15.50 25% Employee/Child(ren) $58.00 $43.75 75% $14.25 25% Employee/Family $87.00 $65.50 75% $21.50 25% DocuSign Envelope ID: 04372EEB-5867-4A05-9261-64610CF6A961 Insurance Rate Resolution ATTACHMENT B COMMON COUNCIL MEMBERS 2024 BI-WEEKLY HEALTH INSURANCE RATES SURCHARGES AND DISCOUNTS MAY BE APPLIED TO THE RATES BELOW Plan A (HDHP) Total Premium City Portion City % Employee Portion Employee % Employee Only $402.00 $303.00 75% $99.00 25% Employee/Spouse $928.00 $700.00 75% $228.00 25% Employee/Child(ren) $851.00 $642.00 75% $209.00 25% Employee/Family $1,391.00 $1,050.00 75% $341.00 25% Plan B (PPO) Total Premium City Portion City % Employee Portion Employee % Employee Only $472.00 $356.00 75% $116.00 25% Employee/Spouse $1,090.00 $822.00 75% $268.00 25% Employee/Child(ren) $1,002.00 $756.00 75% $246.00 25% Employee/Family $1,636.00 $1,235.00 75% $401.00 25% Dental Total Premium City Portion City % Employee Portion Employee % Employee Only $34.00 $25.50 75% $8.50 25% Employee/Spouse $63.00 $47.50 75% $15.50 25% Employee/Child(ren) $58.00 $43.75 75% $14.25 25% Employee/Family $87.00 $65.50 75% $21.50 25% DocuSign Envelope ID: 04372EEB-5867-4A05-9261-64610CF6A961 Insurance Rate Resolution ATTACHMENT C RETIREES 2024 MONTHLY HEALTH INSURANCE RATES SURCHARGES AND DISCOUNTS MAY BE APPLIED TO THE RATES BELOW Plan A (HDHP) Total Premium City Portion City % Employee Portion Employee % Employee Only $871.00 $0.00 0% $871.00 100% Employee/Spouse $2,010.00 $0.00 0% $2,010.00 100% Employee/Child(ren) $1,843.00 $0.00 0% $1,843.00 100% Employee/Family $3,013.00 $0.00 0% $3,013.00 100% Plan B (PPO) Total Premium City Portion City % Employee Portion Employee % Employee Only $1,022.00 $0.00 0% $1,022.00 100% Employee/Spouse $2,361.00 $0.00 0% $2,361.00 100% Employee/Child(ren) $2,171.00 $0.00 0% $2,171.00 100% Employee/Family $3,544.00 $0.00 0% $3,544.00 100% Employee Only $1,022.00 $0.00 0% $1,022.00 100% Dental Total Premium City Portion City % Employee Portion Employee % Employee Only $73.00 $0.00 0% $73.00 100% Employee/Spouse $136.00 $0.00 0% $136.00 100% Employee/Child(ren) $125.00 $0.00 0% $125.00 100% Employee/Family $188.00 $0.00 0% $188.00 100% DocuSign Envelope ID: 04372EEB-5867-4A05-9261-64610CF6A961 Insurance Rate Resolution ATTACHMENT D COBRA 2024 MONTHLY HEALTH INSURANCE RATES SURCHARGES AND DISCOUNTS MAY BE APPLIED TO THE RATES BELOW Plan A (HDHP) Total Premium City Portion City % Employee Portion Employee % Employee Only $888.00 $0.00 0% $888.00 100% Employee/Spouse $2,050.00 $0.00 0% $2,050.00 100% Employee/Child(ren) $1,879.00 $0.00 0% $1,879.00 100% Employee/Family $3,073.00 $0.00 0% $3,073.00 100% Plan B (PPO) Total Premium City Portion City % Employee Portion Employee % Employee Only $1,042.00 $0.00 0% $1,042.00 100% Employee/Spouse $2,408.00 $0.00 0% $2,408.00 100% Employee/Child(ren) $2,214.00 $0.00 0% $2,214.00 100% Employee/Family $3,614.00 $0.00 0% $3,614.00 100% Dental Total Premium City Portion City % Employee Portion Employee % Employee Only $74.00 $0.00 0% $74.00 100% Employee/Spouse $138.00 $0.00 0% $138.00 100% Employee/Child(ren) $127.00 $0.00 0% $127.00 100% Employee/Family $191.00 $0.00 0% $191.00 100% DocuSign Envelope ID: 04372EEB-5867-4A05-9261-64610CF6A961