5.4. ERMUSR 09-11-2012 - Laserfiche WebLink

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higher deductibles, and lower coverage amounts. (This would also mean we would no longer be a grandfathered plan.) These options are presented for your information along with the Medical Benefit Summaries of the options so you can compare the change in benefits of the various plans. Plan 4 is very similar to our current plan but has a slightly higher co-pay and prescription costs, and a higher deductible for out-of-network providers. Plan 113 is an 80% option (versus 100% of current plan), has a higher co-pay and prescription cost, and a higher deductible for out- of-network providers. The CDHP 1200 is a Health Savings Account (HSA) plan. When we discussed the potential of introducing an (HSA) option last year it was not met with much enthusiasm and probably shouldn't be considered this year either. Previously, the Wage and Benefits Committee reviewed both health and dental insurances together along with wages. Given the tight timeline, this committee involvement has not been utilized for this piece. Additionally, the dental insurance renewal contract is not available until after September 141h and so we are only considering health insurance at this time. FINANCIAL IMPACT: Renewing the current plan has no financial impact. Switching to a different plan has some cost savings ranging from 6% to 11% but also includes loss of benefits. ACTION REQUESTED: A decision is needed for the health insurance plan for 2013 by October 1st. Staff recommends renewing the current plan at a 0% increase. If other options are to be considered, staff recommends the Wage and Benefits Committee be consulted and then a special commission meeting called to approve the committee recommendation. ATTACHMENTS: 2013 Group Renewal Bulletin with SBC information Medical Rate Summary Summary of Benefits for current Gold plan, Plan 4, Plan 113, and $1200 CDHP R.��. �� e NATURE Reliable Public IPOINIER / -A �„�I Power Provider POWERED T o S EPEE