Agenda

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County Administrator's Report 10. 12.

BCC Regular Meeting

Budget & Finance Consent

Meeting Date:	01/07/2020
Issue: Group Medical Insurance
From:	Jana Still
Department:	Human Resources
CAO Approval:

RECOMMENDATION:

Recommendation Concerning Group Medical Insurance - Jana Still, Human Resources Department Director

That the Board take the following action concerning Group Medical Insurance:

A. Approve an Agreement with Great Midwest Insurance Company as our Stop Loss Carrier, from January 1, 2020, to December 31, 2020; and

B. Authorize the County Administrator to sign the Excess Loss Insurance Application and Schedule of Benefits and the Proposed Coverage Form of Great Midwest Insurance Company.

[Funding Source: Fund 501, Internal Service Fund, Cost Center 150108, Object Code 54501]

BACKGROUND:

USI solicited the market for the County regarding Administrative and Stop Loss premiums and received a flat renewal from the present provider for the calendar year of 2020.

Stop Loss premiums are renewed each year based on claims. With USI going to the market, they were able to negotiate premiums for 2020, with a minimal increase to the Aggregate fee and a slight reduction to the Specific fees.

Specific Stop Loss Coverage Level	Present	2020
Single	$21.24	$20.90
Employee & Spouse	$42.32	$41.65
Employee & Child(ren)	$37.45	$36.86
Family	$63.55	$62.55
Aggregate Stop Loss	$1.67	$2.06

Current plan design includes a specific deductible of $275,000 for covered individuals and an aggregating specific stop loss fund of $100,000. The total overall cost will remain approximately the same as last year.

BUDGETARY IMPACT:

Funds are available in Fund 501, Internal Service Fund, Cost Center 150108, Object Code 54501.

LEGAL CONSIDERATIONS/SIGN-OFF:

This is in accordance with Florida Statutes 112.09 and 112.0801.

PERSONNEL:

N/A

POLICY/REQUIREMENT FOR BOARD ACTION:

N/A

IMPLEMENTATION/COORDINATION:

The Human Resources Department will coordinate with Legal, the Office of Purchasing, and Florida Blue to distribute the Agreement.

Attachments
Stop Loss Insurance Services Proposed Coverage Form
Great Midwest Insurance Company Excess Loss Insurance Application and Schedule of Benefits