1. An Ordinance approving the
renewal of contracts with BlueCross
BlueShield for medical and MetLife
for dental insurance
Presented by: Lori Harris
Human Resources Manager
Item # 7
City Council Meeting
November 13, 2018
2. BACKGROUND
Catto & Catto obtained renewals for
Medical and Dental Insurance
The following companies submitted bids:
Dental: MetLife, BlueCross BlueShield,
Guardian and Principal Financial)
3. Recommendations for Employer
Paid Coverage
Medical:
BlueCross BlueShield is proposing a 4.9% decrease for
the HSA base plan and a 4.9% increase for the PPO Buy
Up plan.
Employee pays the premium increase for the Buy Up
plan
Both plans have a deductible of $5,000
Dental:
MetLife is proposing a 3.4% increase.
4. Recommendations for Employer
Paid Coverage
Vision:
Davis Vision rates are guaranteed for another
year
Basic Life with AD&D:
5 Star rates are guaranteed for another year
LTD:
Symetra rates are guaranteed for another year
5. FISCAL IMPACT
Medical increase in premiums of 4.9% which is
a $46,757.75 annual savings in the budget
HRA funding remains at $45,000
Dental increase of 3.54% which is a $1,039.06
annual increase
Total savings approximately $45,715.69 in the
budget