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Item #4 ppt dental, vision, ad&d, long term disablity
1. An Ordinance approving the renewal of a contract
with MetLife for Dental and accepting the proposals
with 5 Star for Life and AD&D, Symetra for Long Term
Disability and Davis Vision for Vision Insurance and
authorizing the City Manager to execute all necessary
agreements for the provision of such insurance.
Presented By: Marian V. Mendoza
Assistant to the City Manager
Item # 4
City Council Meeting
September 26, 2016
2. BACKGROUND
īĄFBS obtained renewals for Dental, Vision,
Life, AD&D, and long term disability.
īĄThe following companies submitted bids:
ī§Dental: MetLife & UHC
ī§Vision: Avesis, Davis Vision, UHC, Superior Vision
ī§Basic Life: MetLife, 5 Star, OneAmerica,
Symetra
ī§Long Term Disability: MetLife, Symetra,
OneAmerica
3. Recommendations for Employer Paid Coverage
īĄ Dental:
ī§ MetLife PPO is proposing a 4% increase and was the lowest
proposed rate
ī§ MetLife DHMO is proposing a 5.5% increase
īĄ Vision:
ī§ Davis Vision proposed a plan that includes significant benefits as
compared to Avesis
ī§ Rates guaranteed for 4 years
īĄ Basic Life with AD&D:
ī§ 5 Star offered the lowest proposed rate with a savings of 29%, rates
are guaranteed for 3 years
īĄ LTD:
ī§ Symetra offered the same plan as MetLife but with a savings to the
city of 21% and the rates are guaranteed for 3 years
4. FISCAL IMPACT
īĄDental PPO increase from $21.47 to $22.32
per employee.
īĄDental DHMO increase from $11.53 to
$12.16 per employee.
īĄVision from $4.38 to $4.82 per employee.
īĄLTD savings of 21% with a 3 year rate
guarantee
īĄBasic Life with AD&D savings of 29%.