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HomeMy WebLinkAbout09/04/09 DIRECTOR OF HUMAN RESOURCES DR. ALBERT THIGPENttEC~ly c~- ~~ _o~~~a~1; ~~~t~urix ~l~ - 9 ~?9 ~» ~~~ ~%~~~~~r,~cm T0: Stephen B. Fitzgibbons, City Manager DATE: 09/04/09 FROM: Dr. Albert T. Thigpen, IPMA-CP, CAS Director of Human Resources and Civil Service RE: Major Medical Insurance Renewal Ref. Renewal Rate Analysis Cvoar~nG As you are aware, Blue Cross Blue Shield [BC/BS] of Texas has presented a major medical insurance renewal in which the proposed rates for the City have been held constant [q.v. E;Xhibit "A"]. Although, this is good news for the City, the shift which has occurred over time with regard to payment of "true" insurance costs leaves the City holding (paying) the larger end o1F the financial burden. A closer examination of renewal as shown in Exhibit "A" reveals BC/BS basically rated the City's covered lives in two (2) groups: Medicare and "Under 65", the latter including retirees and "active" (currently working) employees. Irr order to see the impact of retirees on renewal rates, Mr. Moshier, City Health Insuirance Consultant, had BC/BS provide renewal rates for "Active" employees. The result indicated a reduction of the previiously presented renewal rate from $ X13.79 to $ 393.10 - a reductiion of approximately five (5%) percent [q.v. Exhibit "B"]. A key concern discussed by you, Ms. Underhill, ACM/Admin., and myself is the impact of the shift of the financial burden to the City. BC/BS has been requested to provide renewal rates for three (3) groups: "Actives", "Under 65 Retirees", and "Over 65 [Medicare] Retirees" based on actual utilization costs. These rates are reflected in Exhibit "C". As we have discussed, this year it will be prudent to return to a true 50/50 arrangement on premiums in which the emplloyee and/or retiree are participating jointly. I have requested Mr. Moshier to ask BC/BS to provide renewals rates keeping the "Actives" at the original renewal rate of $ 413.79, the "OvE~r 65 Retirees" at the proposed $ ;216.70, and using the difference between the "Actives only" renewal rate of $ 393.10 and the original renewal rate to mitigate the renewal rate of the "Under 65 Retirees" which is shown in Exhibit "C" as $ 589.65. The revised rates would be used to calculate premium costs for plan participants. Retirees in the "Over 65 Retirees" (Medicare) category would pay $ 216.70 which is their funding rate basE~d on utilization and a true one-half (50%) of their dependent care costs [Note: The City would see a reduction in individual and "Medlicare Z+ Dependent categories; however,, there would be an increase in "Medicare Retiree/Medicare Dependent" category as the City currently does not pay one-half (50%) of that cost.], "Act:ives" would pay one-half the appropriate dependent premium (single+l, family), and "Under 65 Retirees" would pay one-half of the new adjusted premium. However, as in the past, City Council can choose to absorb all or a portion of the increase. Undoubtedly, additional modifications, as we have discussed, to the City's Major Medical Insurance Plan will be necessary to control costs and to maintain a viable plan for employees, retirees, and dependents. The changes will impact other benefit areas such as retirement, etc. Changes to control costs should always be considered in the view of the greater concern of providing maximum healthcare benefit to all concerned. In considering a prospective view, it would appear prudent to examine our "covered lives" base lin three principal components: retirees, employees with fifteen (1.5+) plus years of service,, and those with 0 to fourteen (14+) years of service. Examining how we offer insurance benefits to~ each of these groups will afford opportunities to modify insurance offerings regarding retirement; yet,, maintain the goal of fairness and reasonableness. An additional requirement regarding persons qualifying for retirement eligibility using "prior service credit" [i.e. eligible time at another public employer] would be to add a fifteen (15) year "direct service with the City of Port Arthur" to qualify for retiree medical benefits at the full level. This would be in keeping with the proposed grouping of "covered lives" and recognize those ~nrhose retiree status is the direct result of tenured service to the citizens. A plan to tie years of service to retiree insurance benefit level in a tiered manner will need to developed and considered. An example of such a .plan would be: 20-+- years of direct service - ]~00% benefit level, 19 - 15 years of direct service - 75%, and 10 - 14 years of direct service - 50%. The renewal date for the City's Major Medical Health Insuirance Plan is November 01, 2009; therefore, we will have a renewal resolution on the September 22, 2009 Council Meeting Agenda in order to have the month of October for "Open Enrollrnent" purposes (i.e. sign-up, benefit and dependent changes, etc.). Other changes to the City's Major Medical Health Insurance Plan will require significant due diligence and research; further, such changes are most effective, and receive City Council endorsement, when there is employee input.. Therefore, I would recomimend further changes which would have greater impact on covered individuals be considered, and prepared, for implementation at the November 01, 2010 renewal. Please advise should you need additional information. c: John Comeaux, PE Rebecca Underhill, CPA Deborah Echols, CPA Patricia Davis [Y N V Q N P+9tair S '~'° L Q L O '.~'~ U ~~ C~ cs += vi • -- . ,~ S.: Z3 Q" •,e -1-- i_ a3 zs ,L_ ~~ ~s `` C3 • •~ C/ Z3 DJ • -- S:; tl) v•~ L- `J _, ~~ S ti Z •~ `L ~: ~ ~ ~ m r. o ~o ~ ,;«~ ri„ p G lid m ~ O ~ .-~ .p r• m r, d- ~ N -~ ~'+ ~R +R ~} ~} u? ~ ~} +d} a, Y ~ ~ w v ,,... w.. . ~ ' W " ~+. "r r _~. ~: :r } ~~ c 2 ~; p J~' .,~, ~~ ~~ M ~ ~ . ° M ~ o ~ ~. 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