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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 <br /> insurance coverage for EMPLOYEES enrolled in the City's health plan during2 026. <br /> In addition,the City will purchase$20,000 of basic life insurance for full-time <br /> regular EMPLOYEES.For purposes of payroll calculations,in the event the 2026 <br /> health insurance renewal creates an uneven number,the City's contribution will be <br /> round up to the nearest penny. <br /> Monthly City Contributions to Premiums or Waiver <br /> • EMPLOYEE only(single)City contribution will be paid at the dollar <br /> value equal to the$2500 Deductible Perform Network plan full premium, <br /> but not to exceed$1207.24 in 2026;and <br /> • EMPLOYEE and Children City contributions will be paid at the dollar <br /> value equal to 70%of the$2500 Deductible Perform Network plan full <br /> premium,but 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 <br /> premium,but not to exceed$1775.21 in 2026;and <br /> • Family City contribution will be paid at the dollar value equal to 70%of <br /> the$2500 Deductible Perform Network plan full premium,but not to <br /> exceed$2198.32 in 2026;or <br /> • Cash in lieu of City's insurance contribution of$425.00 per month,but <br /> shall not exceed 50%of the least expensive 2026 single premium.Cash in <br /> lieu of coverage requires proof of other coverge. <br /> Total monthly city contributions listed above include the H.R.A./V.E.B.A.or <br /> H.S.A. shown below,as follows: <br /> • Single plans with a$3300 deductible receive$160.00 per month toward <br /> the H.R.A./V.E.B.A.or H.S.A. <br /> • Other single plans receive$130.00 Per month toward the H.R.A./V.E.B.A. <br /> or H.S.A. <br /> • All EMPLOYEE+children and EMPLOYEE+spouse plans will receive <br /> $160.00 per month toward the H.R.A./V.E.B.A.or H.S.A. <br /> • All family plans will receive$192.00 per month toward the <br /> H.R.A./V.E.B.A.or H.S.A. <br /> • EMPLOYEES waiving health insurance will not receive H.R.A.or H.S.A. <br /> contributions <br /> ' Formatted:Font:Tms Rmn,10 pt,Italic <br /> " Formatted:Normal <br /> 2101221 ws Cheser-ibed below- <br /> >1 22 > s <br /> (Formatted:Justified <br /> 1� City monthly eontiributions foir 2022 health insuiranee,as follows- <br /> Formatted:Right,Right: 0" <br /> 50 <br />
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