Agenda - Council - 10/27/2026 - Laserfiche WebLink

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2) Insurance: City monthly contributions for 20282026 health insurance and life insurance: The EMPLOYER will make the following contributions toward group health insurance coverage for EMPLOYEES enrolled in the City's health plan during 20282-024. In addition, the City will purchase $20,000 of basic life insurance for full-time regular EMPLOYEES. For purposes of payroll calculations, in the event the 20282026 health insurance renewal creates an uneven number, the City's contribution will be round up to the nearest penny. The City's 2028 premiums have been canned at a maximum increase of 10.5% over 2027 premiums. The current band assigned to the City of Ramsey is band 1 of 11. Band 1 is the least expensive band. Bands cannot chance more than 2 tiers from 2027 to 2028. The City's method of fundine premiums is to contribute the dollar value eouivalent to 100% of the $2500 deductible plan premium. Perform network for employee only plans and to contribute 70% for all other tiers of the $2500 deductible plan premium. Perform network Monthly City Contributions to Premiums or Waiver • EMPLOYEE only (single) City contribution will be paid at the dollar value equal to the $2500 Deductible Perform Network plan full premium, but not to exceed $1207.24 in 20282026; and • EMPLOYEE and Children City contributions will be paid at the dollar value equal to 70% of the $2500 Deductible Perform Network plan full premium, lawt .xa t cxeccd $1690.90 in 20282026; and • EMPLOYEE and Spouse City contribution will be paid at the dollar value equal to 70% of the $2500 Deductible Perform Network plan full premium, but not to exceed $1775.21 in 20282026; and • Family City contribution will be paid at the dollar value equal to 70% of the $2500 Deductible Perform Network plan full premium, but not to exceed $2198.32 in 20282424; and • Cash in lieu of City's insurance contribution of $425.00 per month, but shall not exceed 50% of the least expensive 20282026 single premium. Cash in lieu of coverage requires proof of other coverge coveraee.- Total monthly city contributions listed above include the H.R.A./V.E.B.A. or H.S.A. shown below, as follows: • Single plans with a $ 3300 deductible receive $160.00 per month toward the H.R.A.N.E.B.A. or H.S.A. • Other single plans receive $130.00 per month toward the H.R.A./V.E.B.A. or H.S.A. • All EMPLOYEE + children and EMPLOYEE + spouse plans will receive $160.00 per month toward the H.R.A.N.E.B.A. or H.S.A. • All family plans will receive $192.00 per month toward the H.R.A./V.E.B.A. or H.S.A. • EMPLOYEES waiving health insurance will not receive H.R.A. or H.S.A. contributions FOR THE CITY OF RAMSEY: BY: Mayor Page 27 Date