|Manatee County Government Administrative Center Commission Chambers, First Floor 9:00 a.m. - September 24, 2013|
Agenda Item #9
2014 Active Medical and Dental Premium Rates
Contact and/or Presenter Information
Kim Stroud, Division Manager, x6432
Approval of the recommended 2014 Plan Year premium rates for medical, dental, long-term disability, and life insurance for active employees and eligible dependents as provided in Exhibit A and Exhibit B.
Annually, in conjunction with the new budget, the County Commission establishes health benefit and dental benefit rates for employees. As a result of the continued effort on the part of the employees to achieve better health as well as the significant savings achieved from the network switch in July of 2012, the Administration is recommending that the premiums for medical and dental remain stable at the 2013 rate.
The County provides a subsidy for the employee and family medical coverage. The employee portion of the individual medical plan has been stable for the past 4 years. The employee portion of the family medical coverage has been stable for the past 7 years.
Dental coverage is provided to eligible members, and employees pay 100% of the total premium cost for dental. Dental rates will remain the same for 2014.
Life and Long Term Disability (LTD) Product
This core and voluntary upgrade product is provided through The Standard Insurance Company who has been the vendor for several years. The products provided include core life, LTD, and AD&D products paid for by the County as well as additional Life for employee and dependents fully paid by the employee. LTD rates will remain the same for 2014. There is an increase for life insurance rates for 2014.
Employee premiums for Life and LTD adjust annually as a result of age and/or salary changes.
County Attorney Review
Not Reviewed (No apparent legal issues)
Explanation of Other
Instructions to Board Records
Please provide a scanned copy of approved agenda item to Kim Stroud at Employee Health Benefits: firstname.lastname@example.org
Cost and Funds Source Account Number and Name
5060004101 and 50690004102 and 5060004100
Amount and Frequency of Recurring Costs
Attachment: 2014 EXHIBIT A-MEDICAL,DENTAL,CORE PREMIUMS.pdf
Attachment: 2014 ADDITIONAL LIFE AND LTD PREMIUMS.pdf