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Elk River M <br /> Municipal Utilities <br /> 13069 Orono Parkway <br /> P.O. Box 430 <br /> Elk River, MN 55330 <br /> (763) 441-2020 <br /> UTILITIES COMMISSION MEETING <br /> TO: FROM: <br /> Elk River Municipal Utilities Commission Theresa Slominski—Finance and Office <br /> John Dietz—Chair Manager <br /> Daryl Thompson—Vice Chair <br /> Al Nadeau—Trustee <br /> MEETING DATE: AGENDA ITEM NUMBER: <br /> September 5, 2012 5.4 <br /> SUBJECT: <br /> Review and Consider Insurance Options and Renewal <br /> BACKGROUND: <br /> This year we again have a great health insurance renewal. While it is not a decrease this year, <br /> there is no change from last year, which means a 0% increase. We also are a"grandfathered <br /> plan" which means that we have not changed our health plan since health care reform was <br /> introduced and, therefore, have not had to comply with the reduction in benefits of the standard <br /> plans' requirements. <br /> DISCUSSION: <br /> At the annual City, County and Other Government Agency insurance meeting on August 27, we <br /> received our health insurance renewal contract with the 0% increase. Typically we don't discuss <br /> our insurance options until the October meeting (when we review health and dental, wages, and <br /> other benefits) however, we have a timeline imposed on us this year for other reporting <br /> requirements relating to our health insurance that requires a decision before October 1st. The <br /> reporting requirement is a Summary of Benefits and Coverage (SBC) document that needs to be <br /> distributed to all participants of the plan 30 days prior to renewal (which would be December <br /> 151.) Blue Cross and Blue Shield (BCBS) will prepare this document for us if they are notified by <br /> October 151 what plan we are participating in for 2013, otherwise we will have to prepare this <br /> document ourselves. Since there are many specific requirements for this document, it is <br /> preferable BCBS prepare it. (Information on this SBC requirement is attached for your review.) <br /> Given that the renewal is a good one, and the timeline is so short for a decision, staying with the <br /> current plan, at the current rate, with no changes, is a valid option. There are some options of <br /> changing to a standard plan, however, that would mean a reduction in benefits of higher co-pays, <br /> 3 1NATuP1 <br /> r3 E <br /> Reliable Public <br /> Power Provider P O W E R E D T o S E R V E <br />