3.B.
Employee Benefit Trust Board Meeting
- Meeting Date:
- 03/11/2020
- Department Head:
- Maria Munoz
- Submitted By:
- Maria Munoz, HR Technician, Human Resources Department
ITEM:
Discussion and possible action on any and all matters regarding the Plan Rate Changes and Renewals for Benefit fiscal year 2020-2021. (Susan Posada, Broker and Benefits Consultant)
SUMMARY:
Proposal is to decrease rates on both Medical and Dental plans. US/Mex and Mexico Only Medical would be decreased by 5% and US/Mex and Mexico Only plan would be decreased by 3%.
RECOMMENDATION / SUGGESTED MOTION:
(1)I MOVE TO APPROVE THE PLAN RATES CHANGES TO THE US/MEX MEDICAL PLAN.
(2)I MOVE TO APPROVE THE PLAN RATES CHANGES TO THE MEXICO ONLY MEDICAL PLAN.
(3)I MOVE TO APPROVE THE PLAN RATES CHANGES TO THE US/MEX DENTAL PLAN.
(4)I MOVE TO APPROVE THE PLAN RATES CHANGES TO THE MEXICO ONLY DENTAL PLAN.
(2)I MOVE TO APPROVE THE PLAN RATES CHANGES TO THE MEXICO ONLY MEDICAL PLAN.
(3)I MOVE TO APPROVE THE PLAN RATES CHANGES TO THE US/MEX DENTAL PLAN.
(4)I MOVE TO APPROVE THE PLAN RATES CHANGES TO THE MEXICO ONLY DENTAL PLAN.
Fiscal Impact
Fiscal Impact:
Fiscal Impact:
Proposal is to decrease rates on both Medical and Dental plans. US/Mex and Mexico Only Medical would be decreased by 5% and US/Mex and Mexico Only plan would be decreased by 3%.
Proposal is to decrease rates on both Medical and Dental plans. US/Mex and Mexico Only Medical would be decreased by 5% and US/Mex and Mexico Only plan would be decreased by 3%.