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