...TITLE
Recommendation to authorize City Manager to execute the renewal of contracts with PaficiCare for the Health Maintenance Organization (HMO) group health plan; Delta Dental for the fee-for-service dental plan; PacifiCare Dental for the closed-panel dental plan; Standard Insurance Company for Long and Short Term Disability; and Union Mutual Life Insurance Company (UNUM) through Larry Lambert & Associates Insurance Services for the long-term care benefits;
Authorize City Manager to execute an amendment to extend the existing contract on a month-to-month basis with Great-West Life, the City's Third Party Administrator for the Preferred Provider Organization (PPO) and the Point of Service (POS) group health plans and to continue the City's self-funded, in-hospital indemnity program administered by Great-West Life; and
Authorize City Manager to execute any subsequent amendments necessary to maintain current benefit levels and remain in compliance with state and federal laws on all plans. (Citywide)
...DISCUSSION
The City retained the services of Driver Alliant, a health insurance consultant, to conduct an optimization review of our healthcare and employee benefits programs . It is anticipated that savings can be achieved through renegotiation of existing agreements or agreements with new providers without compromising the level of benefits currently enjoyed by City employees. City staff and members of the Health Insurance Advisory Committee are working with the consultant on this study . Final results will be forthcoming during the next few months.
Health and dental insurance contracts for 2005-2006 benefit year expire November 30, 2006, for active employees ; and January 31, 2007, for retired employees . Since the healthcare study has not been completed, it is requested that the contract with Great West Life Healthcare be extended on a month-to-month basis effective December 1, 2006 . This contract extension includes no plan design or benefit changes. Annua...
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