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HomeMy WebLinkAbout189-02 RESOLUTIONRESOLUTION NO. 189-02 A RESOLUTION APPROVING THE RENEWAL OF EMPLOYEE GROUP POLICIES WITH US ABLE LIFE TO PROVIDE LIFE, ACCIDENTAL DEATH AND DISMEMBERMENT, LONG TERM DISABILITY INSURANCE COVERAGE, AND TO ADMINISTER THE SECTION 125 CAFETERIA PLAN FOR POLICY YEAR 2003; AND WITH BLUE CROSS/BLUE SHIELD FOR THE GROUP MEDICAL PLAN FOR POLICY YEAR 2003. BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FAYETTEVILLE, ARKANSAS: Section 1. That the City Council of the City of Fayetteville, Arkansas hereby approves the renewal of employee group policies with US Able Life to provide Life, Accidental Death and Dismemberment, Long Term Disability insurance coverage and to administer the Section 125 Cafeteria Plan for policy year 2003. Section 2. That the City Council of the City of Fayetteville, Arkansas hereby approves the renewal of the Blue Cross/Blue Shield Group Medical Plan for policy year 2003. PASSED AND APPROVED this 3rd day of December, 2002. • vk f; ATTEST: By .�ll�"i �liY�•1/ EATHER WOODRUFF, City l.0 erk APPROVED: By: DAN COODY, Mayor NAME OF FILE: CROSS REFERENCE: Item # Date Resolution No.189-02 Document 1 12/03/02 Resolution # 189-02 2 12/02/02 Staff review form 3 12/09/02 Memo from Heather Woodruff, City Clerk to Michele Bechhold, Human Resources NOTES: • STAFF REVIEW FORM X Agenda Request _ Contract Review Grant Review For the Fayetteville City Council meeting of e(3 17 0 b Z • FROM: Name Division Department ACTION REQUIRED: appg 0°ea O Go.tsrRdc dice- CS) e, v e4ote.•e„, C�ticvP �E- o63, Cc s close CR -1l) "el I L'od (S2-cb26 COST TO CITY: $ In df 4t,d $ Cost of this Request Category/Project Budget Category/Project Name Account Number Funds Used to Date Program Name Project Number Remaining Balance Fund BUDG T REVIEW Budget M{ ager \<Budgeted Item Budget Adjustment Attached Administrative Services Director CONTRACT/GRANT/LEASE REVIEW: GRANTING AGENCY: Accounting Manager i Date Date cJ —..12lt 2— r Attkrneey^ Purchasing Officer Date lalalb� Date ADA Coordinator Internal Auditor Date STAFF RECOMMEND TION: Approval of the Resolution a�.va,..d..47 cat-,tdc-'CCS), 1 /1-2-D Date Division Head Cross Reference Department Director Da r New Item: Yes No lin►- � '( ,j 01, Adm' trative - rvices D rector Date' , Prev Ord/Res #: • 4I./ Ois 4 ayor Date Orig Contract Date: Page 2 • • STAFF REVIEW FORM Description Meeting Date Comments: Reference Comments: Budget Coordinator Accounting Manager City Attorney Purchasing Officer ADA Coordinator Internal Auditor • • • FAYETTEVI LLE THE CITY OF FAYETTEVILLE, ARKANSAS HUMAN RESOURCES DIVISION 113 W. Mountain St. Fayetteville, AR 72701 Telephone: 479-575-8278 TO: Mayor Coody and the City Council THRU: Stephen Davis, Interim Administrative Services Directo FROM: Michele Bechhold, Human Resources Director DATE• November 22, 2002 SUBJECT: Group Insurance Contracts The renewal date for the City's group insurance plans is January 1, 2003. This year the City chose to utilize our broker of record, Ramsey, Krug, Farrell & Lensing to bid out all our insurance products. The deadline for carriers to submit proposals was November 15, 2002. Our consultant, Jeff Jackson, is still engaged in negotiations with the top carriers. Additional information will be provided on this item at the Agenda Session on Tuesday, November 26, 2002. FAYETTEVILLE THE CITY OF FAYETTEVILLE, ARKANSAS HUMAN RESOURCES DIVISION 113 W. Mountain St. Fayetteville, AR 72701 Telephone: 479-575-8278 TO: Mayor Coody and the City Council THRU: Stephen Davis, Interim Administrative Services Director FROM: Michele Bechhold, Human Resources Director DATE: November 25, 2002 SUBJECT: Group Insurance Contracts The renewal date for the City's group insurance plans is January 1, 2003. This year the City chose to utilize our broker of record, Ramsey, Krug, Farrell & Lensing to bid out all the insurance products in our benefit package. The deadline for carriers to submit proposals was November 15, 2002. Two factors weighed heavily in the City's decision to check the marketplace this year. We wanted to find out if the marketplace had changed and seek out any possible carriers that had not been identified in past years. From a financial standpoint, we also needed to assess the value of the programs that we have in place. The information below is a summary of the final results of the bidding and negotiation process. At the end of each section is Staffs recommendation for that specific product. Medical Insurance Proposals from two carriers, Arkansas Blue Cross Blue Shield and Unicare were considered to be the most competitive responses to the City because they fit our needs in the respects of network access, (physician and hospital access), the benefits offered closely matched our current plan design, and the cost of the other proposals was significantly higher. The rates quoted by Blue Cross Blue Shield without any benefit changes represent an annual cost savings of $280,277 from the current rate structure. Unicare's rates would yield annual savings of $77,287. There are some notable differences between these two plan designs. The Blue Cross Blue Shield quote is an exact benefit match to our current plan Unicare's 1 • • plan includes a $50 physician office co -pay, (our current plan does not utilize office visit co -pays) and offers the employee a choice of networks. Unicare offers a dual -network design with a third national network overlay. This design gives an employee the opportunity to make a choice between Washington Regional Medical Center and the physicians in that network and Northwest Medical Center with the physicians who are in their network. Blue Cross Blue Shield's network includes Washington Regional and provides national coverage, but providers in Springdale are out of network. Basically then, the major difference between the two plans is the element of employee choice. The quoted monthly rates are below. Recommendation: It is in the City's best financial interest for Staff to recommend AR Blue Cross Blue Shield as the carrier for medical insurance and take advantage of the savings generated by the lower rates. There are no disadvantages or benefit reductions to the employees under this option because the plan will remain exactly as it is. Staff is recommending that Council approve a premium structure that allows the City to retain the cost savings. We propose to accomplish this by reducing the employer's contribution to total premium and leaving the employee's premium at its current amount. We are recommending this approach because of the large increase in the City's contribution to the health premium cost since 1998. The chart below outlines how employee contributions and City contributions to costs have changed since 1998. Individual Coverage Costs Major Medical , Year Employee City Total Employee 1998 $11.06 $143.59 $15465 , N/A- 1999 $11.06 $159.26 $170.32 N/A 2000 _ $11.06. $159.26 $170.32 $0.00 $149.8.8 1$149188- 2001 $37.32 $159.84 $197.16 $0.00 2002 N/A PPO'._" City Total $159.84 $159.84 $0.00 $195.224' _ . $195.22 Family Coverage Costs Major Medical PPO: Year Employee City Total Employee City 1998 $99.27 $275.02. $374.29. N/A__ 1999 $99.27 $312 96 $412.23 N/A 2000. $99:27 $312.96. $41223 $49':79_: 2001 $144.33 $332.80 $477.13 $49.79 2002 N/A $49:80: Total $312.97`i . $362:76,_ $332.81 $382.60 $425101. $474.81" The cost to the employee for individual coverage has decreased from $11.06 per month in 1998 to $0.00 in 2002. The City pays the full premium. On family coverage the employee's premium was $99.27 per month in 1998 and is currently $49.80 per month. 2 BCBS Unicare Employee Only 174.00 185.00 Family 423.00 464.00 Recommendation: It is in the City's best financial interest for Staff to recommend AR Blue Cross Blue Shield as the carrier for medical insurance and take advantage of the savings generated by the lower rates. There are no disadvantages or benefit reductions to the employees under this option because the plan will remain exactly as it is. Staff is recommending that Council approve a premium structure that allows the City to retain the cost savings. We propose to accomplish this by reducing the employer's contribution to total premium and leaving the employee's premium at its current amount. We are recommending this approach because of the large increase in the City's contribution to the health premium cost since 1998. The chart below outlines how employee contributions and City contributions to costs have changed since 1998. Individual Coverage Costs Major Medical , Year Employee City Total Employee 1998 $11.06 $143.59 $15465 , N/A- 1999 $11.06 $159.26 $170.32 N/A 2000 _ $11.06. $159.26 $170.32 $0.00 $149.8.8 1$149188- 2001 $37.32 $159.84 $197.16 $0.00 2002 N/A PPO'._" City Total $159.84 $159.84 $0.00 $195.224' _ . $195.22 Family Coverage Costs Major Medical PPO: Year Employee City Total Employee City 1998 $99.27 $275.02. $374.29. N/A__ 1999 $99.27 $312 96 $412.23 N/A 2000. $99:27 $312.96. $41223 $49':79_: 2001 $144.33 $332.80 $477.13 $49.79 2002 N/A $49:80: Total $312.97`i . $362:76,_ $332.81 $382.60 $425101. $474.81" The cost to the employee for individual coverage has decreased from $11.06 per month in 1998 to $0.00 in 2002. The City pays the full premium. On family coverage the employee's premium was $99.27 per month in 1998 and is currently $49.80 per month. 2 • • The City's cost for individual coverage has increased 35% since 1998, from $143.59 to $195.22. For family coverage the cost has increased 54%, from $275.02 to $425.01. To review these increases from an annualized standpoint, we took December 1998 and December 2002 census information and projected the City's annual cost based on this data. Annual cost for 1998 was estimated at $1,357,144 and for 2002 at $2,309,501. This represents an 70% increase in cost for the City's portion. Some of this increase can be attributed to a 10% increase in the number of covered members and a shift towards more family contracts than individual contracts in the plan. Based on this data and the opportunity to cut costs without affecting benefits we propose the following rate structure for medical premiums under a contract with Blue Cross Blue Shield. Proposed Blue Cross Blue Shield Rates 2003 This rate structure would place the employee's percentage of premium paid at 11% for family coverage, still well below the government industry average of 29% as reported in the Hay Benefit Analysis. The Unicare proposal is also a viable option because it generates savings over current rates, but the amount is $202,990 less than the savings associated with the Blue Cross Blue Shield rates. As stated earlier the feature that really sets the plans apart is the element of choice of network for the employee. Based on this and the fact that there are no major benefit differences, Staff recommends that if the Council chooses to select Unicare, the City still keeps their contribution to the premium cost at the rates proposed above for the BCBS contract. In this scenario the employee would be paying a higher premium for the opportunity to choose a network This would create the following rate structure. Proposed Unicare Rates 2003 Employee City Employee Only 0.00 174.00 Family 49.80 373.20 This rate structure would place the employee's percentage of premium paid at 11% for family coverage, still well below the government industry average of 29% as reported in the Hay Benefit Analysis. The Unicare proposal is also a viable option because it generates savings over current rates, but the amount is $202,990 less than the savings associated with the Blue Cross Blue Shield rates. As stated earlier the feature that really sets the plans apart is the element of choice of network for the employee. Based on this and the fact that there are no major benefit differences, Staff recommends that if the Council chooses to select Unicare, the City still keeps their contribution to the premium cost at the rates proposed above for the BCBS contract. In this scenario the employee would be paying a higher premium for the opportunity to choose a network This would create the following rate structure. Proposed Unicare Rates 2003 This rate structure places the employee's percentage of premium paid at 6% for individual coverage and 20% for family coverage, still below the government industry average of 29% from the Hay Benefit Analysis. Dental Insurance The City's dental insurance is currently provided by Delta Dental of Arkansas. Their proposal was rated on the same coverage we currently provide and the rate quoted is a 14% increase over 2002 rates. Among the bid responses, the rates of other carriers were consistently 15% to 60% higher than the quote from Delta. 3 Employee City Employee Only 11 00 174.00 Family 90.80 373.20 This rate structure places the employee's percentage of premium paid at 6% for individual coverage and 20% for family coverage, still below the government industry average of 29% from the Hay Benefit Analysis. Dental Insurance The City's dental insurance is currently provided by Delta Dental of Arkansas. Their proposal was rated on the same coverage we currently provide and the rate quoted is a 14% increase over 2002 rates. Among the bid responses, the rates of other carriers were consistently 15% to 60% higher than the quote from Delta. 3 • • • Dental premiums are currently paid in full by the employee. The monthly rates quoted are shown below. Delta Dental Rate Comparison Recommendation: Staff recommends that the City keep the dental coverage with Delta Dental because their proposed rates provide the lowest amount of increase of any responding carrier. SUMMARY OF PROPOSED MEDICAL & DENTAL RATES FOR 2003 BCBS Opt Individual Coverage Employee Cost Medical $0.00 Employee Cost Dental $15.83 Total Employee Cost $15.83 Total City Cost $174.00 BCBS Option Family Coverage Employee Cost Medical $49.80 Employee Cost Dental $52.26 Total Employee Cost $102.06 Total City Cost $373.20 Unicare Opt Individual Coverage $11.00 $15.83 $26.83 $174.00 Unicare Opt Family Coverage $90.80 $52.26 $143.06 $373.20 Group Life and Long Term Disability Insurance The City's benefit plan includes employer paid life and long term disability coverage. Three carriers had competitive proposals for these products - USAble Life, UNUM and Unicare The cost quoted below for USAble represents $36,028 in savings over current rates on the same life census. Rates and annualized costs projected from these rates based on the September 2002 life census are detailed below. 2002 Rates 2003 Rates Employee Only 13.90 15.83 Family 45.80 52.26 Recommendation: Staff recommends that the City keep the dental coverage with Delta Dental because their proposed rates provide the lowest amount of increase of any responding carrier. SUMMARY OF PROPOSED MEDICAL & DENTAL RATES FOR 2003 BCBS Opt Individual Coverage Employee Cost Medical $0.00 Employee Cost Dental $15.83 Total Employee Cost $15.83 Total City Cost $174.00 BCBS Option Family Coverage Employee Cost Medical $49.80 Employee Cost Dental $52.26 Total Employee Cost $102.06 Total City Cost $373.20 Unicare Opt Individual Coverage $11.00 $15.83 $26.83 $174.00 Unicare Opt Family Coverage $90.80 $52.26 $143.06 $373.20 Group Life and Long Term Disability Insurance The City's benefit plan includes employer paid life and long term disability coverage. Three carriers had competitive proposals for these products - USAble Life, UNUM and Unicare The cost quoted below for USAble represents $36,028 in savings over current rates on the same life census. Rates and annualized costs projected from these rates based on the September 2002 life census are detailed below. Recommendation. Staff recommends that we keep our life products with our current carrier USAble Life. Unicare's rates do result in the greatest savings for these products but they declined to quote short term disability. It is desirable to have one carrier and one customer service center for all the life and disability income products. UNUM and USAble are very close on their rates with UNUM coming in a little under USAble's rate on the LTD. USAble provides flexible spending account administration free of charge to its clients. If we changed to one of the other carriers, we would have to pay a third party administrator to handle the administration of our flex plan Staff believes that when the time to educate and 4 USAble Life UNUM Unicare Life Insurance .21/1000 .21/1000. .15/1000 Long Term Disability .36/100 .34/100 .39/100 Annualized Costs $140,047 $136,290 $124,989 Recommendation. Staff recommends that we keep our life products with our current carrier USAble Life. Unicare's rates do result in the greatest savings for these products but they declined to quote short term disability. It is desirable to have one carrier and one customer service center for all the life and disability income products. UNUM and USAble are very close on their rates with UNUM coming in a little under USAble's rate on the LTD. USAble provides flexible spending account administration free of charge to its clients. If we changed to one of the other carriers, we would have to pay a third party administrator to handle the administration of our flex plan Staff believes that when the time to educate and 4 • • enroll employees is taken into consideration it would cost more than the $3757 difference between UNUM and USAble to change carriers. Short Term Disability Insurance The Hay Benefit Analysis pointed to a gap in our benefit coverage between sick leave and the eligibility period for long term disability. A short term disability plan would be one option to assist in bridging this gap Only two of the three carriers listed 'above in the Life and LTD section provided a quote to the City on Short Term Disability Unicare was not interested in quoting short term disability for municipalities. The rates for the STD coverage were: USAble - .56/$10 of covered payroll, minimum benefit $100, max 70% or $750 UNUM - .38/$10 of covered payroll, 60% of income to $500 max Recommendation: Staff is recommending that we add this coverage as a voluntary, employee paid option. USAble's rate is higher, but it does provide a higher maximum benefit. Vision Coverage The City's benefit package does not currently include any type of vision benefit. Based on the quote of $5.30/month for employee only coverage, the projected cost of adding employee only coverage as a group, City paid benefit is approximately • $38,478. Recommendation: In light of the City's current financial situation, Staff is not recommending that we add any additional employer paid benefits at this time. eDoc eDoc is an Internet based, interactive medical advice resource. The Consultant's recommendation includes implementing eDoc as a tool to possibly reduce the number of office visits by members of our plan. The annual cost to the City for this is projected to be $9075.00. This is based on a per employee, per month charge and is incurred even if no one visits the website. Staff is recommending that we utilize other, less costly education measures and gauge their effect on utilization before we purchase a service that has a fixed cost. Staff is available to answer any questions you may have. 5 FAYETTEVILait.E THE CITY OF FAYETTEVILLE. ARKANSAS DEPARTMENTAL CORRESPONDENCE To: Michelle Bechhold, Human Resources From: Heather Woodruff, City Clerk Date: December 9, 2002 Attached is a copy of Resolution No. 189-02 approving the renewal of employee group benefits with US Able Life to provide life, accidental death and dismemberment, long term disability insurance coverage and to administer the section 125 cafeteria plan for policy year 2003 with Blue Cross/Blue Shield for the group medical plan for policy year 2003. The original resolution will be microfilmed and filed with the City Clerk. cc: Nancy Smith, Internal Auditor