COUNCIL AGENDA ITEM
SUBJECT:
title
Fully Insured lines of coverage Insurance Premiums for Calendar Year January 1, 2020 - December 31, 2020
body
DEPARTMENT:
Human Resources
SUMMARY:
Our Agent of Record solicited all lines of health insurance coverages.
Health Insurance/HMO Florida Health Care $1,837,834
Health Insurance/POS Florida Health Care $26,367
Health Insurance/HSA Florida Health Care $560,323
Dental Insurance Principal $93,798
Life Insurance Mutual of Omaha $14,518
Long Term Disability Mutual of Omaha $22,474
A 3% rate increase was determined at renewal for health insurance only.
BUDGETED ITEM: ☒ Yes ☐ No ☐ Not Applicable
BUDGET AMENDMENT REQUIRED: ☐ Yes ☒ No ☐ Not Applicable
RECOMMENDED ACTION:
Motion to approve the Calendar Year January 1, 2020 - December 31, 2020 Fully Insured Health Insurance Premiums in the amount of $2,555,314 and authorize City Manager to bind coverage with Florida Health Care, Principal and Mutual of Omaha.