Agenda - Council - 12/13/2016 - Laserfiche WebLink

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2) City contributions for 2018 health insurance, as follows: The employer will make the following contributions toward group health insurance coverage for employees enrolled in the City's plan during 2018. In addition, the City will purchase $20,000 of basic life insurance for full-time regular employees. The City contribution to the HRANEBA or H.S.A. is included in the figures listed. The $4000 deductible single plan receives $194.00 per month toward the HRANEBA or H.S.A. The other single plans receive $130.00 per month toward the HRANEBA or H.S.A. All employee +children and employee + spouse plans will receive $160.00 per month toward the HRANEBA or H.S.A. Family plans will receive $192.00 per month toward the HRANEBA or H.S.A. City Contributions Employee only coverage is from$700.00 to $723.50, plus up to $53.42 per month. Employee and Children coverage is $871.60, plus up to $64.04, Employee and Spouse coverage is $907.30,plus up to $67.26 and Family coverage is $1116.90, plus up to $83.24. Amount of Increase for 2018 (over 2017 amounts) -Not to Exceed Single Premium increased by up to $53.42 Employee + Spouse increased by up to $67.26 Employee + Children increased by up to $64.04 Family increased by up to $83.24 Waiver/Credit in lieu of Coverage --No Change Note: The rate of premium increase in 2018 is capped at 9%. In the very unlikely event of a premium reduction in 2018, in no event will any potential 2018 premium savings be returned to employees in the form of payment. Or Provide cash in lieu of City's insurance contribution of$370 per month in 2018. Employees receiving the waiving benefit prior to 2013 will continue to be grandfathered in to the waiving benefit. New employees to the program are subject to the following terms: • Employee shows proof of other coverage, and • Employee agrees to the terms of the waiving benefit as described within the City's policy and signs the acknowledgement form, and FOR THE CITY OF RAMSEY: