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2006-039 Renews United Healthcare for Emp. Health InsuranceRESOLUTION 2006-39 A RESOLUTION OF THE VILLAGE COUNCIL OF THE VILLAGE OF NORTH PALM BEACH, FLORIDA, ACCEPTING THE RENEWAL PROPOSAL OF UNITED HEALTHCARE FORA 15- MONTH PERIOD BEGINNING JULY 1, 2006 AND ENDING SEPTEMBER 30, 2007, TO CONTINUE TO PROVIDE THE VILLAGE WITH HEALTH INSURANCE FOR VILLAGE EMPLOYEES AT A RATE INCREASE OF 3.9% AND INCLUDING A 3-TIER COVERAGE PLAN, WHICH RENEWAL PROPOSAL IS ATTACHED TO THIS RESOLUTION AS EXHIBIT "A" AND MADE PART HEREOF; ESTABLISHING AND SETTING FORTH CONTRIBUTIONS FOR HEALTH INSURANCE BY EMPLOYEES OF THE VILLAGE BEGINNING JULY 1, 2006; AND, PROVIDING FOR AN EFFECTIVE DATE. BE IT RESOLVED BY THE VILLAGE COUNCIL OF NORTH PALM BEACH, FLORIDA: Section 1. The Village Council of the Village of North Palm Beach, Florida, does hereby accept the renewal proposal of United Healthcare to provide the Village with health insurance for Village employees, which proposal is attached to this resolution as Exhibit "A" and made part hereof. The renewal proposal includes a 3.9% rate increase and shall be in affect for the 15-month period beginning July 1, 2006 and ending September 30, 2007. Section 2. This resolution creates a 3-tier coverage plan for all covered employees and establishes and sets forth rates payable by employees of the Village for health insurance as follows: Employee Contribution Rates: United Healthcare POS Plan Employee Only Coverage - $ 0.00 per month Employee + One Coverage - $104.59 per month Employee + Family Coverage - $168.15 per month United Healthcare HMO Plan Section 3. Employee Only Coverage - $ 15.99 per month Employee + One Coverage - $100.09 per month Employee + Family Coverage - $164.21 per month This resolution shall take effect on July ~nnc PASSED AND ADOPTED THIS 8th DAY OF JUNE, (Village Seal) ATTiST: i~~~ VILLAGE CLE United~-~ealthcare A Un~todkatth fro~c Lartrwrry May 18, 2006 Mark Bates, Village Manager Village of North Palm Beach 501 US Highway One North Palm Beach, FL 33408 Re: United Healthcare Medical Renewal -July 1, 200b llear Mr. Bates: I'd like to thank you for the opportunity to serve you and your employees over the past year. With the approach of your policy year anniversary date, it is time to review the past year's activity and to present our plans for the coming year. This letter and the attached documents comprise your renewal package for an effective date ofJuly 1, 2006 with rates guaranteed for 15 months. No presentation of medical care costs would be complete without a discussion of "trend." "Trend," as used in our renewal rate determinations, is the pace of increase in the cost of medical care that is above and beyond the increasing costs for the economy as a whole. Our medical trend is currently 12.5%. Some of the factors driving this change include medical inflation, the costs associated with an aging population, increased use of advanced medical technology, cast shifting from the public to the private sector, and the costs of developing new drugs and other inten~entions. The manual premium calculation for the Village of North Palm Beach called for a l7% premium increase. This encompasses trend and plan designs. Then we use the demographics and claim costs of the Village and adjust the renewal accordingly. We released the renewal at 6.4% increase for 12 months effective July 1, 2006. The Gehring Group advised United Healthcare that the Village would like to extend the contract for IS months to align the renewa with your fiscal year and other benefit options. United Healthcare agreed to the 15 month renewal at a 6.4% increase. -- -- However, af~ei-continued negotiations with the Gehring Group, we are pleased to offer the Vi ~2be a 3.Q% rene~yal inCrCase, for the Ci:rfPnt pla.^.S o:'er a 1 G m oath contract period om,7/a /06 to 9/30/07. _s Thank you for your continued business. I'm looking forward to the opportunity to serve you and your employees over the coming year. Please feel free to contact me at 954-858- 4209 if you have any questions. Sincerely yours, ~ / Christina Gruter ~-~ Strategic Account E?~cutive United Healthcare Village of North Palm Beach '`._..~ t ~~4 ,~,. -~ -.~: Group Medical Insurance Renewal Analysis Effective Date: July 1, 2006 Presented by: -EI-II~.ING,~GI~QU_P 11505 Fairchild Gardens Ave., Ste 202 Palm Beach Gardens, Florida 33410 Telephone: (561) 626-6797 Fax: (561 } 626-6970 www.gehri nggroup.com Execu#ive Summary Currently, health insurance is one of a public sector employers' largest expenditures in the budgetary process. The concern with health insurance at this time is that actuaries, underwriters and insurance companies have indicated that medical care inflation for the State of Florida for the 2006 plan year will continue to range from 8% - 12%, significantly greater than the general rate of inflation. When employers take their second and third highest cost item and increase it by these percentages, the actual dollar increase with which the employer is faced is staggering. Constrained by millage caps and voter sentiment, public sector entities are striving to contain employee benefits costs. With managed care discounts eroding away due to hospitals and providers working together to negotiate higher fees from insurance companies, HMO's and other managed care programs are not as effective as they once were in controlling costs. This results in insurance carriers and self funded programs finding themselves behind the proverbial "eight ball" from the standpoint at projecting inflation. Due to this escalation of medical inflation, many employers have had to reduce their level of benefits by increasing deductibles, co-payments and employee contribution amounts considerably. The Village of North Palm Beach enlisted the services of the Gehring Group to initiate the competitive bid process regarding the Village's group medical and dental insurance coverages for the plan year 2005 - 2006. At the conclusion of the Request for Proposal (RFP) process, the Village entered into a fully insured 12-month contract with United Healthcare of Florida. The complete proposal analysis can be found in Tab 3. Throughout the RFP process, the Village established an insurance committee consisting of Village employees that represented a variety of departments and positions that was also inclusive of union representation. The purpose of the insurance committee was to educate employees about the insurance industry in general, the RFP process and analysis criteria. The United Healthcare contract became effective July 1, 2005. Staff currently reports that Village employees are generally satisfied with the current plan offerings. The Gehring Group obtained the Village's initial group health insurance renewal for the 2006 - 2007 plan year in late April. l.lnited Healthcare's manual premium rates for groups of similar size and geographic proximity called fora 17% increase of the current premiums. Since the Village's plan is still new with United Healthcare it is considered "immature" being that it is a first year case with only 7 months of available claims data at the time the renewal was presented. However, after taking into consideration the Village's premium to claims loss ratio and other market factors such as medical inflation stabilization, the initial renewal arrived at 6.4% above the current premium fora 12-month contract effective July 1, 2006. Pursuant to the Village's desire to change the health plan's effective date to coincide with the fiscal year, the Gehring Group negotiated a contract for 15 months at the same renewal increase. After further negotiations, United Healthcare provided a best and final renewal offer at a 3.9% premium increase or a $35,212 savings from the initial increase. The overall increase represents a $54,924 increase in the current group health premium of $1,408,380. 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