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2015 Health Insurance Recommendation <br />1) Staff recommends the City Council authorize the following 2015 health insurance contributions (premium and <br />VEBA) as follows: <br />Employee Only $871.74 <br />Employee + Spouse $1142.00 <br />Employee + Children $1226.00 <br />Family $1358.00 <br />Credit in Lieu of Coverage $345.00 <br />*The City's 2015 VEBA contribution includes the $4.30 monthly claims fee. <br />**Employees that elect to waive health insurance must agree to providing proof of other coverage; as well as agree <br />to come back on the City's health plan if the City requires them to do so. <br />***All of the above listed amounts are equal to the amounts offered to all three bargaining units. <br />Amount of Increase over 2014 for 2015 <br />Single Premium increased by $71.74 <br />Employee + Spouse increased by $50.00 <br />Employee + Children increased by $50.00 <br />Family not increased over 2014 amounts <br />Waiver/Credit in lieu of Coverage increased by $50.00 <br />2016 Health Insurance Recommendation <br />2) Staff recommends the City Council authorize the following 2016 health insurance contributions (premium and <br />VEBA) as follows: <br />Employee Only $871.74 plus a maximum of the capped rate increase for 2016 (estimated at <br />11.6%) <br />Employee + Spouse $1167.00 <br />Employee + Children... ... ...... $1251.00 <br />Family $1358.00 <br />Credit in Lieu of Coverage $370.00 <br />Amount of Increase over 2015 for 2016 <br />Single Premium increased by the amount of premium increase (t.b.d.) but not more than an increase of <br />approximately 11.6% <br />Employee + Spouse increased by $25.00 <br />Employee + Children increased by $25.00 <br />Family not increased over 2015 amounts <br />Waiver/Credit in lieu of Coverage increased by $25.00 <br />*The City's 2016 VEBA contribution includes the $4.30 monthly claims fee. <br />**Employees that elect to waive health insurance must agree to providing proof of other coverage; as well as agree <br />to come back on the City's health plan if the City requires them to do so. <br />***All of the above listed amounts are equal to the amounts offered to all three bargaining units. <br />Staff recommends the above listed City contributions This contributions approach works to: 1) maintain 100% <br />coverage by the City on the least expensive single premium (consistent with past practice and contributions <br />recommended by the City's benefits broker), 2) limit the City's costs on the two middle tiers, 3) holds the City's <br />contribution on the Family plan at the 2014/2016 amounts, reducing the City's costs and working toward more <br />equitable contributions amongst the tiers, and 4) allows employees the flexibility to waive coverage if waiving is the <br />best option for their individual circumstances. <br />The City will continue to purchase $20,000 of basic life insurance for full-time regular employees working 30 <br />