Agenda - Council - 12/15/2020 - Special

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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 • Total Monthly City Contribution described in P adjusted as follows: • Employee only (single): The City will contribute the total cost of the Perform Network premium, not to exceed the amount described in Paragraph A. • Employee and Children: The City's contribution will be reduced to 60% of the cost of the Perform Network premium. • Employee and Spouse: The City's contribution will be reduced to 60% of the cost of the Perform Network premium. • Family: The City's contribution will be reduced to 60% of the cost of the Perform Network premium. 2. Increase in Premium Due to Imposition of Taxes Under the Affordable Care Act -s If the total premium cost of the Perform. Network increases in 2020 due to the , �,itio and e,. he ffor dabl e Care Act, the Total Monthly 1TI� a3TTI�Tr� ' �"i�C City Contribution described in Paragraph A, above, will be adjusted as follows: • Employee only (single): The City will contribute the amount described in Paragraph A, plus the total increase in -the premium cost for single coverage under the Perform Network due to the imposition of taxes under the Affordable Care Act. Employee and Children: The City; will contribute the amount described in Paragraph A, plus 60% of the increase in the premium cost for Employee and Children coverage under the Perform Network due to the imposition of taxes under the Affordable Care • 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 Affordable Care Act.