Agenda - Council - 11/27/2018 - Laserfiche WebLink

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1 Reduction in Premium Due to Change in Insurance Band If the total premium cost of the Perform Network decreases in 2020 due to the City being rated in a different insurance band or classification, the Total Monthly City Contribution described in Paragraph A, above, will be adiusted as follows: • Employee only (single): The Citv will contribute the total cost of the Perform Network premium, not to exceed tll;, unt described in Paragraph A. • Employee and Children: The Citv's 60% of the cost of the Perform N will be reduced to • Employee and Spouse: Th i 's co ,tribution will i . uc-d to 60% of the cost of the Perfo • Family: The Citv's contribution the Perform Net rremium. reduced to 60% of the cost of 2. Increase in Premium Due , phi r of Taxes . er the Affordable Care Act If the tot- ."'.- 1 cost of the ,erform Ne ork increases in 2020 due to the imno,.n of tax. q der the A dable Care Act. the Total Monthly Citv Co i i desc -d in Paragra ,_m,,, , above, will be adiusted as follows: he City will contribute the amount described plus the total increase in the premium cost for single la-, Perform Network due to the imposition of taxes le Care Act. e and Children: The Citv will contribute the amount described anh A. plus 60% of the increase in the premium cost for vee and Children coverage under the Perform Network due to mposition of taxes under the Affordable Care Act. • Employee and Spouse: The City will contribute the amount described in Paragraph A, plus 60% of the increase in the premium cost for Employee and Spouse coverage under the Perform Network due to the imposition of taxes under the Affordable Care Act. • Family: The City will contribute the amount described in Paragraph A. plus 60% of the increase in the premium cost for Family coverage under the Perform Network due to the imposition of taxes under the 18