Powerpoint Insurance Renewals

1. ADMINISTRATION
Presented by:
Phil Laney
Assistant City Manager
HEALTH INSURANCE RENEWAL
ITEM # 9
NOVEMBER 13, 2023

2. SUMMARY
 Catto & Catto obtained renewals for medical,
dental, life, AD&D, and LTD Insurance Coverage
for 2024
 Renewals obtained were below the projected
budgeted increase of 15%
 Vision, Dental HMO, Life, AD&D, and LTD benefits
will have no increase in premium for 2024

3. RECOMMENDATIONS FOR EMPLOYER PAID
COVERAGE
 Medical:
 BlueCross Blue Shield is proposing a -3.60% decrease for the
HSA base plan.
 Dental:
 MetLife is proposing a 0% increase for the DHMO plan and a
17.01% increase for the PPO plan.
 No increase for Vision.

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 Manager and City Attorney
 Coordination with Councilmember John Savage

6. FISCAL IMPACT
 Total fiscal impact is approximately $579,729.89 for
medical, dental, vision, life, AD&D, and LTD coverage,
with an decrease of $14,481.72.
 -$19,339.32 for medical
 $4,857.60 dental PPO
 Employees will continue to receive annual maximum
contribution of $1,250 per employee deposited in to
Health Savings Account (HSA)