HomeMy WebLinkAboutR88-149083
INSUI~CR - M~IOR
RESOLUTION NO. R88-149
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
PLAINVIEW, TEXAS DESIGNATING A PROVIDER FOR MAJOR
MEDICAL INSURANCE FOR THE CITY OF PLAINVIEW
EMPLOYEES.
WHEREAS, the City of Plainview has provided major medical
insurance as a fringe benefit for the City employees; and
WHEREAS, the existing provider proposed an increase in
premiums in excess of 160%; and
WHEREAS, in order to secure an affordable major medical
insurance for the City and the employees the City Council
instructed staff to solicit bids; and
WHEREAS, a copy of the bid tabulation is attached and hereby
made a permanent part of this Resolution.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the
City of Plainview, Texas that Blue Cross/Blue Shield of Texas is
designated the provider for major medical insurance for the City
of Plainview employees effective June 1, 1988, and the Director of
Finance is authorized to proceed by taking the necessary steps in
order to have a smooth transition between the existing carrier and
Blue Cross/Blue Shield.
I Carla J. Reese, City Secretary for the City of Plainview,
hereby certify that the above Resolution was adopted by the
Plainview City Council on May 24, 1988.
Ca~a J. R~~~se, City Secretary
INSURANCE
PREMIUMS
TYPE COVERAGE #
*EMPLOYEE 172
CHILD 23
SPOUSE 10
FAMILY 52
MEDICARE 8
PRESENT .PRESENT
ANNUAL MONTHLY
$123,633.60 $;'.59.90
13,333.56 48.31
8,604.00 71.70
51,748.32 82.93
2,896.32 30.17
TOTAL $200,215.80
BC/BS
ANNUAL
$184,439.04
20,509.56
13,165.20
79,060.80
5,969.28
BC/BS
MONTHLY
$ 89.36
74.31
109.71
126.70
62.18
ANNUAL MONTHLY
DIFFERENCE DIFFERENCE
$ 60,805.44 $ 29.46
7,176.00 26.00
4,561.20 38.01
27,312.48 43.77
3~072.96 32.01
$303,143.88 $ 102,928.08
*Eight (8) people counted in the employee coverage are retired employees who are not eligible for Medicare.
These members pay the full premium each month.
COVERAGE TYPE
EMPLOYEE
CHILDREN
SPOUSE
CHILDREN/SPOUSE
MEDICARE
PREMIUMS/CLAIMS
lST. YEAR RESERVE
MAX. lST. YEAR COST
RESERVE
2O%
MAXIMUM LIABILITY
LIFE INSURANCE
PER THOUSAND
A.D.D.
COST MONTHLY
COST ANNUALY
PACIFIC
MUTUAL
1 07.82
117.41
1.19.20
236.60
107.82
459,252
97,004
556,256
556,256
.40
.08
950
11,400
BLUE
BLUE
CROSS
SHIELD
89.36
74.31
109.71
126.70
62.18
264,176
264,176
55,399
54,656
374,231
.34
.08
802
9,616
KANSAS CITY
LIFE
88.76
101.19
151.78
198.82
88.76
384,148
384,148
384,148
,34
.05
?44
8,928
INSURANCE
MANAGEMENT
98.02
254.85
458,629
458,629
458,879
.25
.06
."520
6,249
PRODUCERS
GUARANTEED MUTUAL
DID NOT MEET
SPECIFICATIONS
COULD NOT
DETERMINE INDIVIDUAL
RATES
EXCLUDED COVERAGE
,40
,07
'~948
11,376