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<br /> <br />)..1 -"'"( <br />. l.))J <br />Eik\V <br /> <br /> <br />Item # 4 _ 3 . <br /> <br />MEMORANDUM <br /> <br />TO: <br /> <br />Mayor & City Council <br /> <br />FROM: <br /> <br />Lori Johnson, Finance Director <br /> <br />DATE: <br /> <br />October 23, 2000 <br /> <br />SUBJECT: Benefits Committee Update <br /> <br />. <br /> <br />In April the Benefits Committee met with the City Council to discuss it <br />findings on employee benefits and to get input and direction from the Council <br />before proceeding with a benefit proposal. After discussing the four options <br />presented by the Committee, Council consensus was "to consider a cafeteria <br />plan with different contribution levels depending upon the type of coverage <br />selected." The Committee has been working to provide such a cafeteria <br />proposal to the Council and had hoped to have that information for discussion <br />on Monday. <br /> <br />The Committee needs insurance premium information before proceeding with <br />any cafeteria plan proposal. Unfortunately, the insurance companies do not <br />usually provide that information until shortly before renewal. Although <br />Medica did help by providing the information in September, we are still <br />waiting for a proposal from HealthPartners. HealthPartners has a new <br />"Custom Choice Approach" program that is finally being offered after several <br />months of waiting. We have requested rates, but will not have them until <br />Monday, at the very earliest. We do not want to proceed without <br />HealthPartners' rates because this program can offer employees up to nine <br />insurance plan options. <br /> <br />I will provide a brief update on Monday with the intention of bringing a final <br />proposal to the Council on November 13, at the latest. If a cafeteria plan is <br />approved by the Council in early November, there will still be time to <br />implement the plan. <br /> <br />Action Reauested <br /> <br />. <br /> <br />No action is requested. <br /> <br />13065 Orono Parkway. P.O. Box 490. Elk River, MN 55330. TDD & Phone (763) 441-7420. Fax (763) 441-7425 <br />