CC Minutes 02/23/2004 - Laserfiche WebLink

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City of Casselberry Personnel Deparhnent 95 Triplet Lake Drive, Casselberry, Florida 32707 · Telephone (407) 262-7700, Ext. n22 Fax (407) ~6e-7764 · Email persormel@casselberry.org DATE: February 17, 2004 TO: FROM: Frank Clifton, City Manager Jeffrey Dreier, Director of Finance M. Cristina Viv6, Director of Personnel2~%~ SUBJECT: Proposed changes to the allocation of contributions to the health insurance benefit This is a request to submit the following employee health insurance benefit changes to the City Commission: 1. For employees choosing the H~O Select, waive the $25 per month contribution; and 2. For employees choosing the HMO Select dependent coverage, increase the City's contribution from $60 per month to $75 per month. There are currently two employees enrolled in the HMO Select. Both employees are carrying dependent coverage. The cost of dependent coverage has been an issue of concern consistently raised by employees. h'MO Select coverage has the lowest premiums cost of the three health insurance benefit options offered by the City. The cost of HMO Select single coverage is $317.41. The cost of the standard HMO single coverage is $341.32. This represents for the City a $23.91 savings over the standard HMO if an employee chooses the HI~O Select single coverage. As an inducement to move employees to the HMO Select and provide assistance to employees with dependent coverage there are two changes in contribution recommended. The savings realized by the City if the employee chooses HI~O Select single coverage may be passed on to employees by waiving the current $25 monthly employee contribution. In addition, we propose increasing the dependent contribution for employees who choose HMO Select dependent coverage from $60 to $75 per month. The total proposed assistance to employees with dependent insurance who /Continued.