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Home My WebLink About04/30/2013 Council Presentation - Benefit RatesGallagher Benefit Services, Inc. thinking ahead Town of M r na Medical rates and contributions April 19, 2013 Annual cost • Renewal Change - Total Change to Town Change to Employee Cigna Copper 225 $2,581 $2,042 $539,000 $2,689 $2,127,500 $561,500 $107,900 4.2% $85,400 4.2% $22,500 4.2% Cigna Teal 72 $667,900 $590,400 $77,500 $695,800 $615,100 $80,700 $27,900 4.2% $24 4.2% $3,200 4.1% Cigna High Deductible Total medical 297 $3,249,000 $2,632,500 $616,500 $3,384,800 Mb FIEW As Delta PPO 240 $221,000 $174,000 $47,000 $221,000 EDS 113 $29,300 $23,100 $6,200 $29,300 low 14 Life and Disabilit ( in RFP process, exhibit assumes 0% rate Increase Basic Life $31,000 $31,000 $0 $31,000 AD &D $6,000 $6,000 $0 $6,000 Dependent Life $3,000 $3,000 $0 $3,000 Long Term Disability $21,000 $21,000 $0 $21,000 Core STD $72,000 $72,000 $0 $72,000 COBRA 350 $3,000 $3,000 $0 $3,000 FSA 91 $5,000 $5,000 $0 $5,000 EAP 315 $10,000 $10,000 $0 $10,000 Total non medical $401,300 $348,100 $53,200 $401,300 $2 $642,200 $135,800 AL $174,000 $47,000 $0 $23,100 $6,200 $0 $31,000 $0 $0 $6,000 $0 $0 $3,000 $0 $0 $21,000 $0 $0 $72,000 $0 $0 Mrso"r $3,000 $0 $0 $5,000 $0 $0 $10,000 $0 $0 $348,100 $53,200 $0 4.2% $110,100 4.2% $25,700 4.2% 0.0% $0 0.0% $0 0.0% 0.0% $0 0.0% $0 0.0% 0.0% $0 0.0% $0 0.0% 0.0% $0 0.0% $0 0.0% 0.0% $0 0.0% $0 0.0% 0.0% $0 0.0% $0 0.0% 0.0% $0 0.0% $0 0.0% 0.0% $0 0.0% $0 0.0% 0.0% $0 0.0% $0 0.0% 0.0% $0 0.0% $0 0.0% 0.0% $0 0.0% $0 0.0% ■ ;C Gallagher Benefit Services Inc. xyll thinking i Rates and contribution - Shared plans .,,. ism" Employee Only 81 $500.27 Employee + Spouse 29 $1,050.55 Employee + Child(ren) 44 $950.52 Employee + Family 71 $1,500.79 Monthly Cost 225 $219,366 Employee Only 29 $412.51 Employee + Spouse 8 $866.29 Employee + Child(ren) 12 $783.80 Employee + Family 23 $1,237.56 Monthly Cost 72 $56,763 mmmp� Employee Only 0 $409.69 Employee + Spouse 0 $866.29 Employee + Child(ren) 0 $783.80 Employee + Family 0 $1,237.56 $511.02 $1,073.13 $970.96 $1,533.05 $224,083 $421.38 $884.92 $800.65 $1,264.17 $57,983 $418.50 $878.87 $795.17 $1,255.54 11.7% 23.4% 19.4% 24.4% Will _ 1.5% _ 12.2% _ 11.7% 15.2% 20.4% 17.8% 22.5% Delta Dental No chan in percenta cost share - 10mr - 12.0% $4.38 $2.02 Employee Only 84 $36.47 $36.47 Employee + Spouse 36 $79.02 $79.02 Employee + Child(ren) 31 $72.93 $72.93 Employee + Family 89 $115.46 $115.46 Monthly Cost 240 $18,445 $18,445 EDS - No chan in percenta cost share A. 12.0% $1.38 $0.64 $4.66 $10.10 23.0% Employee Only 42 $11.48 $11.48 Employee + Spouse 20 $21.83 $21.83 Employee + Child(ren) 10 $25.27 $25.27 Employee + Family 41 $31.00 $31.00 Monthly Cost 113 $2,442 $2,442 Emplo Shared $297 $ 1 • *Proposed rates includes $74.5K of annual consulting fees allocated between both PPO plans $59.57 $27.49 $250.79 $115.75 $188.60 $87.05 $373.83 $172.54 $46,938 ��El ��* $108.31 $49.99 $94.05 $43.41 $191.85 $88.55 $6,587 $32.88 $15.17 $179.55 $82.87 $141.33 $65.23 $282.84 $130.54 $208.36 $379.54 $361.08 $535.03 $191.63 $358.43 $326.12 $494.92 $177.98 $322.76 $301.77 $448.94 N/A $451.46 N/A $822.34 N/A $782.35 N/A $1 $177,144 N/A $415.19 N/A $776.60 N/A $706.59 N/A $1,072.32 $51,396 $25.00 $385.62 $50.00 $699.32 $50.00 $653.85 $50.00 $972.70 Gallagher Benefit Services Inc. 12.0% $4.38 $2.02 $14.81 $32.09 23.0% $18.18 _ $8.39 $28.08 $60.84 20.0% $14.58 $6.73 $26.93 $58.35 24.0% $27.71 _ $12.79 $40.50 $87.75 $3,941 $14,504 $14,504 A. 12.0% $1.38 $0.64 $4.66 $10.10 23.0% $5.03 _ $2.32 $7.75 $16.80 20.0% $5.05 _ $2.33 $9.33 $20.22 24.0% $7.43 _ $3.43 $10.88 $23.57 $514 $1,929 $1,929 Gallagher Benefit Services Inc. Rates and contribution —Town paid and voluntary Monthly Contribution EE % Lives Rates Rates Contribution Discovery COBRA 325 $0.75 Discovery FSA 107 $4.50 EAP Jorgenson Brooks 325 $2.75 Monthly Cost $1,619 Hartford -7 mployer paic Basic Life (per $1,000) $0.150 AD &D (per $1,000) $0.030 Dependent Life (per dependent unit) $0.910 Long Term Disability (per $100 of payroll) M $0.420 Core STD (per $10 weekly ben) $0.308 Buy -up STD (per $10 weekly ben) $0.175 Supplemental Life (per $1,000), age banded 0 -24 $0.080 25 -29 $0.070 30 -34 $0.090 35 -39 $0.130 40 -44 $0.190 45 -49 $0.330 50 -54 $0.560 55 -59 $0.910 60 -64 $1.220 65 -69 $1.920 70 -74 $3.380 >75 $5.640 i $ Employee $ Town $ ition 26 periods 26 periods Employee Only $4.62 $2.13 Employee + Spouse $9.14 $4.22 Employee + Child(ren) $8.96 $4.14 Employee + Family $13.64 $6.30 Gallagher Benefit Services Inc.