HomeMy WebLinkAbout04/08/2010 Council Presentation - FY 2011 Employee Health Benefit RatesFY 2011 Employee
Health Benefit Rates
• Flexible Spending Account (Discovery) -
rate decrease -12..89% and 3 year
guarantee
• Life/AD & D and short-term disability -
no change
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FY 2011 Health Benefit
Rate Changes
• New vendors
• NO CHANGE in plan design
• Share in savings; costs are reduced to
both employees and the town
• Employee Benefit Fair April 29
• Open enrollment May 3 -June 3
Historical Medical Plan Rate
Increase
• 2004 - 0%
• 2005 - 0%
• 2006 - 0%
• 2007 -Requested 13.7%; Sold 6.3%
• 2008 - 23.6%
• 2009 -Requested 19.5%; Sold 3%
• 2010 -Bid 10% REDUCTION
Historical Average = 3.27%
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QUESTIONS?