Agenda Item # 9.h.
City Commission Regular Meeting
- Meeting Date:
- 08/18/2014
- Re
- Group Medical Insurance Renewal for FY 2015
- Submitted For:
- Gloria Johnson
SUBJECT:
Approval of the following provisions for the October 1, 2014 plan year: 1) renewal of contract with Public Risk Management of Florida Heath Trust (PRM) for a term of one year to provide group medical insurance coverage; 2) City absorbs the cost of $22,000 for the increase for employees with dependent coverage; and, 3) piggyback to an agreement between the FPUA and Physicians Immediate Care to provide primary level health care services to employees and their dependents for $160 per visit, and not to exceed $110,000 for the year.
SUMMARY:
As a benefit to the employees and their families, the City of Fort Pierce provides group medical insurance coverage, which is reviewed and renewed annually. The City's consultant, Siver and the Health Insurance Committee recommend keeping PRM as the group medical insurance provider for the 2014/2015 plan year. PRM's renewal terms include a 4% premium increase and no changes in benefits.
Siver and the Health Insurance Committee also recommend that the City absorb the cost increase of $22,000 for employees with dependent coverage for the 2014/2015 plan year, thereby maintaining employee contributions at the 2013/2014 level.
Lastly, Siver and the Health Insurance Committee recommend that the City enter into an agreement with Physicians Immediate Care to provide clinic services to employees and their families at a cost of $160 per visit and not to exceed $110,000 for the plan year. PIC has offered to piggyback the City to the same rates and contractual terms that are currently offered to the FPUA.
Siver and the Health Insurance Committee also recommend that the City absorb the cost increase of $22,000 for employees with dependent coverage for the 2014/2015 plan year, thereby maintaining employee contributions at the 2013/2014 level.
Lastly, Siver and the Health Insurance Committee recommend that the City enter into an agreement with Physicians Immediate Care to provide clinic services to employees and their families at a cost of $160 per visit and not to exceed $110,000 for the plan year. PIC has offered to piggyback the City to the same rates and contractual terms that are currently offered to the FPUA.
RECOMMENDATION:
- Approve one year contract renewal with PRM
- Pay premium increase for employees with dependent coverage for 2014 plan year.
- Approve the clinic concept with financing.
ALTERNATIVES:
Staff will proceed as directed by the City Commission.
RESPONSIBLE STAFF:
Finance Department
Administrative Services Department
Administrative Services Department
COORDINATED WITH:
Health Insurance Committee, Siver Insurance Consultants
Fiscal Impact
- Budgeted Y/N:
- Y/N
- Fiscal Year:
- 2015
- Account:
- Amount:
- 278,459
OTHER INFORMATION:
$146,459 for the premium renewal is budgeted. $22,000 for premium increase for employees with dependent coverage and $110,000 for clinic services are not budgeted; however, funds are available. The combined costs are $278,459.