SUBJECT:
title
Fully Insured lines of coverage Insurance Premiums for Calendar Year January 1, 2026 - December 31, 2026
body
DEPARTMENT:
Human Resources
SUMMARY:
Our Agent of Record solicited all lines of health insurance coverages.
Health Insurance/HMO Florida Health Care $1,332,035
Health Insurance/POS Florida Health Care $0
Health Insurance/HSA Florida Health Care $1,712,973
Dental Insurance Principal $132,155
Life Insurance Mutual of Omaha $22,829
Long Term Disability Mutual of Omaha $39,448
The renewal for Health Insurance was negotiated flat at our current rate.
Dental coverage was increased by 20.3%.
The Group Life and AD&D coverage was a rate guarantee at our current rate.
Long Term Disability coverage was a rate guarantee at our current rate.
BUDGETED ITEM: ☒ Yes ☐ No ☐ Not Applicable
BUDGET AMENDMENT REQUIRED: ☐ Yes ☒ No ☐ Not Applicable
RECOMMENDED ACTION:
Motion to approve the Calendar Year January 1, 2026 - December 31, 2026 Fully Insured Health Insurance Premiums in the amount of $3,239,440 and authorize City Manager to bind coverage with Florida Health Care, Principal and Mutual of Omaha.