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1) All new participants (those that receive credit in lieu of coverage on or after 2013), would enroll or return to the Citv's health plan if the City were to face losing large group status (50+ employees enrolled) at any time in the future 2) If the City were to face any financial detriments as a result of offering credit in lieu of coverage, including but not limited to the loss of rate caps currently guaranteed through 2016; fines, penalties, or expenses associated with the upcoming Health Care Reform Act or any other unforeseen expense to the City 3) All participants provide the City with proof of other health insurance coverage Lastly, to simplify the administration of the waiving benefit, the City may want to consider paving one rate of $295.00 (a whole number divisible by 2 for payroll purposes) versus having 2 different rates ($290.00 and $295.00). Non -Union Cost of Living Adjustment (COLA) -- 2013: The purpose of the COLA is to ensure that purchasing power is not eroded by inflation. For purposes of demonstration only, the following text was obtained from the Social Security Administration (SSA) as it relates to Social Security Income COLA calculations. The cost of living adjustment is based on the percentage increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) from the third quarter of the last year. If there is no increase, there can be no COLA. The SSA calculated the COLA for January 2013 to be 1.7%. This information has been provided as supporting documentation only and does not imply that the City relies on the SSA for budgeting purposes, or otherwise - see attachment for details. The City budgeted for a 1% cost of living adjustment for all employee groups in 2013. For information purposes, a 10-year COLA history is listed below: 2012 2% for all employee groups, with the exception of Department Heads at 1% 2011 Zero % for all employee groups 2010 Zero % for all employee groups 2003 to 2009 3% each year for all employee groups Notification: Health Plan Type/Tier Single Plans (Per Month) BCBS 100°0 $30 00 co -pay BCBS $1500 I Ded Plan w/VEBA BCBS $2500 Ded Plan w/VEBA BCBS $4000 Ded Plan w/VEBA Employee + Children Plans (Per Month) BCBS 100°0 $30 00 co -pay BCBS $1500/$3000 Ded Plan w/VEBA BCBS $2500/$5000 Ded Plan w/VEBA BCBS $4000/8000 Ded Plan w/VEBA Employee + Spouse Plans (Per Month) BCBS 100°0 $30 00 co -pay BCBS $1500/$3000 Ded Plan w/VEBA Employee ACCORD Premium Cost Contribution Cost for Accord City Contribution Total City to Premium Network to VEBA Contribution $858.00 $517.14 $340.86 NA $517.14 $728.00 $600.00 $128.00 $130.00 $730.00 $671.00 $600.00 $71.00 $130.00 $730.00 $591.50 $591.50 $0.00 $155.00 $746.50 $1,716.50 $831.56 $884.94 NA $831.56 $1,456.00 $935.00 $521.00 $160.00 $1,095.00 $1,341.50 $935.00 $406.50 $160.00 $1,095.00 $1,183.00 $935.00 $248.00 $160.00 $1,095.00 $1,802.00 $831.56 $970.44 NA $831.56 $1,529.50 $857.00 $672.50 $160.00 $1,017.00