Agenda

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County Administrator's Report 13. 7.

BCC Regular Meeting

Budget & Finance Consent

Meeting Date:	11/01/2018
Issue: Group Medical Insurance
From:	Eric Kleinert
Department:	Human Resources
CAO Approval:

RECOMMENDATION:

Recommendation Concerning Group Medical Insurance - Eric Kleinert, Human Resources Department Director

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

A. Approve an Agreement with Florida Blue to provide administrative services for the County to process claims as Third Party Administrator for a three-year period from January 2019 to December 2021;

B. Approve an Agreement with Great Midwest Insurance Company as the County's Stop Loss Carrier from January 1, 2019, to December 31, 2019; and

C. Authorize the County Administrator to sign the Florida Blue and Great Midwest Insurance Company Agreements.

The Agreements will be drafted upon approval of the Board action.

[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.

We received two proposals for the Administrative services from:

Florida Blue
United Health Care

We received five proposals for the Stop Loss coverage from:

Florida Blue
Great Midwest Insurance Company
Sun Life
United Health Care
Voya

Our selection of Florida Blue for administrative service was based on their network in the area, discounts and how they handled RX rebates. We received three year rates for our administrative costs. The first year will increase from $48.15 to $48.35, the second year the cost will be $49.79, and the third year will be $51.27.

Stop Loss premiums are renewed each year based on our claims. Our Stop Loss coverage matches our present level of coverage. Current plan design includes a specific deductible of $275,000 for covered individuals and an aggregating specific stop loss fund of $100,000. The monthly premiums are as follows:

Coverage Level	Present	2019
Single	$25.56	$21.24
Employee & Spouse	$50.88	$42.32
Employee & Child(ren)	$57.73	$37.45
Family	$83.05	$63.55
Aggregate Stop Loss	$2.61	$1.67

By going to the market, we were able to reduce our Stop Loss premiums for 2019 by approximately $236,585.

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
No file(s) attached.