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Agenda Item 8BA l vvm' j A t 7.1 77 4� hu Tqd iL tT e Wtr kL ' AGENDA ITEM # 813 AUGUST 8, 2011 NEW ITEM 3: Per request from Commissioner Parsons, Column E has been added as an additional funding option for Plan 1 as listed in Column B. SUPPLEMENTAL INSURANCE POLICY: The City has also identified a Major Medical Complement insurance policy currently being provided to the employees of Jacksonville Beach and Neptune Beach through Allstate that will pay employee deductibles and co -pays with premiums based upon an employee's coverage and age. Although this is not the solution to the ever rising health insurance premiums, it is an option that we desire to provide to our employees on an optional employee paid basis. For example, an "employee only" annual $4,000 Hospital Confinement and a $2,000 Outpatient benefit, would cost an employee under the age of 40 approximately $17 per month and an employee over the age of 50 approximately $38 per month. FUNDING: Funding for this action will be included within the 2011/2012 budget. ACTIONS REQUESTED: 1. That the City Commission advises as to what employee health insurance option is to be utilized effective 10 /01 /11 (see attached). 2. That the City Commission approves recommendation that I go out and request quotes. An alternate would be to approve that our agent/broker or a "fee only" consultant go out to market for quotes on our health insurance. 3. That City Commission authorizes providing employees with an optional Major Medical Complement policy as provided by Jacksonville Beach and Neptune Beach. CITY MANAGER: • X3 i I 3' -A! FOX; ml: U C '�o Kom- TOO 0 "M a It ri f 1-M.F 71- yl a M MUMIJ F Mir - J�,Jy:g E k E L -l! Ti R p A m 0 i R Ift T =0 EE 1= Ef��j � DP 4, 11, m a I I - =Z M � Tilt j=*: 7 Mm- Eft -7 - J- L Z 1C nwam, E .1.1 JW9- M" -60 M ft�q - 7 ice_ mom o a I I M p K 'I aM - I M - M N E Va5ir nLama mrrw� 7 -,, 7 j; --fh O tt ro;, r h T M M N t ;7 I 2 T 1 poll tUF ZM .--- 17 12 7 7 f F ME -11� 0 M MUMIJ F Mir - J�,Jy:g E k E L -l! Ti R p A m 0 i R Ift T =0 EE 1= Ef��j � DP 4, 11, m a I I - =Z M � Tilt j=*: 7 Mm- Eft -7 - J- L Z 1C nwam, E .1.1 JW9- M" -60 M ft�q - 7 ice_ mom o a I I M p K 'I aM - I M - M N E Va5ir nLama mrrw� 7 -,, 7 j; --fh