Powerpoint Insurance renewal

1. ADMINISTRATION
Presented by:
Buddy Kuhn
City Manager
HEALTH INSURANCE RENEWAL
ITEM # 7
NOVEMBER 8, 2021

2. SUMMARY
 Catto & Catto obtained renewals for Medical
Insurance Coverage for 2022
 Renewals obtained were below the projected
budgeted increase of 15%
 Dental benefits will have no increase in
premium for 2022

3. RECOMMENDATIONS FOR EMPLOYER PAID
COVERAGE
 Medical:
 BlueCross Blue Shield is proposing a 3.5 % increase for the HSA
base plan.
 Dental:
 MetLife is proposing a 0% increase for the DHMO plan and
the PPO Plan
 No increase for Vision, Basic Life with AD&D or LTD coverage

4. POLICY ANALYSIS
 Consistent with the City’s efforts to provide
quality but affordable insurance benefits to its
employees and relieve the impact of the increased
dependent coverage costs to the employees

5. COORDINATION
 Review by Catto & Catto
 Reviewed by the City Attorney
 Coordination with Councilmember John Savage

6. FISCAL IMPACT
 Medical coverage budgeted savings is approximately
$69,907
 All other city benefits including the Health Reimbursement
Account (HRA) continue to be covered by savings
 Employees will continue to receive annual maximum
contribution of $1,250 per employee deposited in to
Health Savings Account (HSA)