Title
RESOLUTION NO. 21R-07-138: A RESOLUTION APPROVING THE RENEWAL OF THE HUMANA GROUP HEALTH INSURANCE PLAN FOR THE ONE (1) YEAR TERM BEGINNING OCTOBER 1, 2021 AND ENDING SEPTEMBER 30, 2022 TO INCLUDE HMO AND POS COVERAGE PLANS; PROVIDING FOR AN EFFECTIVE DATE (REQUESTED BY CITY MANAGER DESORAE GILES-SMITH).
Body
Request Action:
Request approval for the renewal submitted by Humana for Group Health Insurance to include HMO and POS coverage plans. This agreement covers the contract year October 1, 2021 through September 30, 2022.
Need:
To provide health insurance benefits to eligible employees.
Summary Explanation/ Background:
The Rhodes Insurance Group has negotiated an increase of 5% with Humana based on the analysis of the City's recent claims experience.
Attachments:
Recommendation Letter - Rhodes Insurance Group
Cost Summary/ Fiscal Impact:
The 5% increase in premium represents and increase of $351,627 per year resulting in a total annual premium of $7,769,973.
Body
Request Action:
Request approval for the renewal submitted by Humana for Group Health Insurance to include HMO and POS coverage plans. This agreement covers the contract year October 1, 2021 through September 30, 2022.
Need:
To provide health insurance benefits to eligible employees.
Summary Explanation/ Background:
The Rhodes Insurance Group has negotiated an increase of 5% with Humana based on the analysis of the City's recent claims experience.
Attachments:
Recommendation Letter - Rhodes Insurance Group
Cost Summary/ Fiscal Impact:
The 5% increase in premium represents and increase of $351,627 per year resulting in a total annual premium of $7,769,973.
Body
Request Action:
Request approval for the renewal submitted by Humana for Group Health Insurance to include HMO and POS coverage plans. This agreement covers the contract year October 1, 2021 through September 30, 2022.
Need:
To provide health insurance benefits to eligible employees.
Summary Explanation/ Background:...
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