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4.1. SR 11-08-2004
Item 4.1. MEMORANDUM TO: Mayor and City Council FROM: Lori Johnson, Finance Director DATE: November I, 2004 SUBJECT: Health Insurance Renewal Information regarding health insurance renewals will be presented at the Monday night City Council meeting. s: \ Council\Lori\HealthRmewaLdoc $15 Copay 2004 Medica Select 2005 Medica Select Slue Cross & Slue Shield' Monthly Savings (2004 to 2005 SCSS) Annual Savin s (2004 to 2005 SCSS) $500 Deductible 2004 Medica Select 2005 Medica Select Slue Cross & Slue Shield' Employee Employee Sinqle & Spouse & Childlren) 18.35 204.65 132.15 101.45 388.64 294.39 (57.53) 79.47 105.4 7 75.88 125.18 26.68 91056 1,502.16 320.16 Employee Cost Comparison (29.36) 39.43 (97.03) 10721 261.97 (4.53) -Ilando7IJ- II/<;<,/Qf i( Famliv 498.83 813.08 252.47 24636 2,95632 45.43 337.19 181.66 602.95 17.97 120.47 27.46 216.72 329.52 2,60064 Monthly Savings (2004 to 2005 SCSS) Annual Savings (2004 to 2005 SCSS) 67.67 812.04 111.74 1,34088 'Includes some 80/20 costs - mainly inpatient services 11/8/2004 Finance Departmem 7-la1Yfj;,v II/f/ocl tt;! 2005 Renewal Options Medica and Blue Cross Blue Shield Employee Employee Sinqle & Spouse & Child(ren) Familv Amount Available for Health Insurance $318.03 $468.03 $468.03 $608.03 Medica Renewal Choice Select $15 CoPa 419.48 856.67 762.42 1,421.11 Monthly Employee Cost 101.45 388.64 294.39 813.08 Annual Em 10 ee Cost 1,217.40 4,663.68 3,532.68 9,75696 Elect/Essential $15 CoPa 377.56 771.03 686.21 1,27903 Monthly Employee Cost 59.53 303.00 218.18 671.00 Annual Em 10 ee Cost 714.36 3,636.00 2,618.16 8,052.00 Choice Select $500 Deductible 357.46 730.00 649.69 1,210.98 Monthly Employee Cost 39.43 261.97 181.66 602.95 Annual Emplo ee Cost 473.16 3,143.64 2,179.92 7,235.40 Elect/Essential $500 Deductible 321.72 657.01 584.73 1,08988 Monthly Employee Cost 3.69 188.98 116.70 481.85 Annual Em 10 ee Cost 44.28 2,267.76 1,400.40 5,782.20 Blue Cross Blue Shield $15CoPa' 260.50 547.50 573.50 860.50 Monthly Employee Cost (57.53) 79.47 105.47 252.47 Annual Em 10 ee Cost 690.36) 953.64 1,265.64 3,029.64 $500 Deductible 221.00 463.50 486.00 728.50 Monthly Employee Cost (97.03) (4.53) 17.97 120.47 Annual Em 10 ee Cost 1,164.36) 54.36) 215.64 1,445.64 'Includes some 80/20 costs - mainly inpatient services 11/8/2004 Finance Department