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Agenda - Council - 11/26/2024
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Agenda - Council - 11/26/2024
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3/13/2025 10:39:07 AM
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11/26/2024 2:12:43 PM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Council
Document Date
11/26/2024
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2) Insurance: City monthly contributions for 2026 health insurance and life <br /> insurance: <br /> The EMPLOYER will make the following contributions toward group health insurance <br /> coverage for EMPLOYEES enrolled in the City's health plan during 2026.In addition, <br /> the Citypurchase$20,000 of basic life insurance for full-time regular <br /> EMPLOYEES.For purposes of payroll calculations,in the event the 2026 health <br /> insurance renewal creates an uneven number,the City's contribution will be round up to <br /> the nearest penny. <br /> Monthly City Contributions to Premiums or Waiver <br /> • EMPLOYEE only(single)City contribution will be paid at the dollar value <br /> equal to the$2500 Deductible Perform Network plan full premium,but not to <br /> exceed$1207.24 in 2026;and <br /> • EMPLOYEE and Children City contributions will be paid at the dollar value <br /> equal to 70%of the$2500 Deductible Perform Network plan full premium,but <br /> not to exceed$1690.90 in 2026;and <br /> • EMPLOYEE and Spouse City contribution will be paid at the dollar value <br /> equal to 70%of the$2500 Deductible Perform Network plan full premium,but <br /> not to exceed$1775.21 in 2026;and <br /> • Family City contribution will be paid at the dollar value equal to 70%of the <br /> $2500 Deductible Perform Network plan full premium,but not to exceed <br /> $2198.32 in 2026;or <br /> • Cash in lieu of City's insurance contribution of$425.00 per month,but shall <br /> not exceed 50%of the least expensive 2026 single premium.Cash in lieu of <br /> coverage requires proof of other coverage. <br /> Total monthly city contributions listed above include the H.R.A.N.E.B.A.or H.S.A. <br /> shown below,as follows: <br /> • Single plans with a$3300 deductible receive$160.00 per month toward the <br /> H.R.A.N.E.B.A.or H.S.A. <br /> • Other single plans receive$130.00 per month toward the H.R.A.N.E.B.A.or <br /> H.S.A. <br /> • All EMPLOYEE+children and EMPLOYEE+spouse plans will receive <br /> $160.00 per month toward the H.R.A.N.E.B.A.or H.S.A. <br /> • All family plans will receive$192.00 per month toward the H.R.A.N.E.B.A. <br /> or H.S.A. <br /> • EMPLOYEES waiving health insurance will not receive H.R.A.or H.S.A. <br /> contributions <br /> 22 <br />
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