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HomeMy WebLinkAboutBPW-10-20-10-01 Employee 2011 Health Insurance Rates RESOLUTION BPW- 10- 20 -10 -01 A RESOLUTION SETTING 2011 EMPLOYER AND EMPLOYEE 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 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 employee contributions; and WHEREAS, it is imperative for Plan revenues to correspond with anticipated expenses. NOW, THEREFORE, BE IT RESOLVED by the Carmel Board of Public Works and Safety as follows: Effective January 1, 2011, health insurance contribution 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 O fficer a 9 mes Brainard, Presiding Date /kJ Ma y A Burke, Board Member Date I i /Df-z.vlio Lori Wa o C oard Member Date ATTEST "Lk Di,. a Cordray, A Date RESOLUTION BPW- 10- 20 -10 -01 A RESOLUTION SETTING 2011 EMPLOYER AND EMPLOYEE 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 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 employee contributions; and WHEREAS, it is imperative for Plan revenues to correspond with anticipated expenses. NOW, THEREFORE, BE IT RESOLVED by the Carmel Board of Public Works and Safety as follows: Effective January 1, 2011, health insurance contribution 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 i a /a 1p ames rainard, Presi. 'ng Officer Date Mary Ann Burke, Board Member Date Lori Watson, Board Member Date ATTEST: Diana Cordray, IAMC, Clerk- Treasurer Date Attachment A 2011 BI- WEEKLY HEALTH INSURANCE RATES SURCHARGES AND DISCOUNTS MAY BE APPLIED TO THE RATES BELOW Plan B Total Premium City Portion City Employee Portion Employee Employee Only $271.77 $226.77 83% $45.00 17% Employee /Spouse $629.60 $525.60 83% $104.00 17% Employee Child(ren) $578.71 $482.71 83% $96.00 17% Employee /Family $945.01 $789.01 83% $156.00 17% Plan C Total Premium City Portion City Employee Portion Employee Employee Only $252.45 $226.77 90% $25.67 10% Employee /Spouse $584.98 $525.60 90% $59.38 10% Employee Child(ren) $537.56 $482.71 90% $54.85 10% Employee /Family $878.04 $789.01 90% $89.03 10% Dental Total Premium City Portion City Employee Portion Employee Employee Only $18.15 $13.61 75% $4.54 25% Employee /Spouse $35.12 $26.34 75% $8.78 25% Employee /Child(ren) $33.08 $24.81 75% $8.27 25% Employee /Family $50.02 $37.52 75% $12.51 25%