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HomeMy WebLinkAboutR-2018-151 City Authorizing To Execute & Accept An Agreement For City's Medicare Supplemental Insurance Coverage Procured By The Gehring Group As Broker Of Record For City W/Aetna 1/1/2019 -12/31/201 RESOLUTION NO. 2018-151 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF DANIA BEACH, FLORIDA, AUTHORIZING THE PROPER CITY OFFICIALS TO EXECUTE AND ACCEPT AN AGREEMENT FOR THE CITY'S MEDICARE SUPPLEMENTAL INSURANCE COVERAGE PROCURED BY THE GEHRING GROUP AS BROKER OF RECORD FOR THE CITY OF DANIA BEACH WITH AETNA, FOR INSURANCE COVERAGE BEGINNING JANUARY 1, 2019 THROUGH DECEMBER 31, 2019 FOR MEDICARE ELIGIBLE RETIRED EMPLOYEES AND THEIR MEDICARE ELIGIBLE DEPENDENTS; PROVIDING FOR CONFLICTS; FURTHER, PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, the City of Dania Beach obtained the services of the Gehring Group as a Broker of Record to secure coverage for the City's Medicare Supplemental Insurance plan for Medicare eligible retired employees and their Medicare eligible dependents for the 2019 plan year; and WHEREAS, the Gehring Group secured Medicare Supplemental Insurance coverage for the City through Aetna for the plan year 2018 and Aetna has offered an Aetna Medicare Advantage PPO transitional plan for the Medicare plan year of January 1, 2019 to December 31, 2019; and WHEREAS, the coverage from Aetna offers rates for Medicare Supplemental Insurance coverage for all Medicare eligible retirees, regardless of residence, including prescription rates; and WHEREAS, based on current Medicare eligible retiree census data, the City's Medicare Supplemental Medical Insurance plan premium cost will be decreased by an estimated Twenty Nine Percent (29%) and the Medicare Supplemental Prescription Insurance plan premium will slightly increase by an estimated One-Half Percent (.5%), resulting in an estimated annual decrease of Seventeen Percent (17%) in premiums, or an estimated Forty Thousand Six Hundred Fifty Five Dollars ($40,655.00) cost to the City and an estimated Twenty Thousand Three Hundred Twenty Seven Dollars ($20,327.00) cost to Medicare eligible retirees; and WHEREAS,the City Administration recommends that the City Commission approve the Aetna Medicare Advantage PPO Medicare Supplemental Insurance plan; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF DANIA BEACH,FLORIDA: Section 1. That the above "Whereas" clauses e ratified and confirmed as being true and correct, and they are made a part of and incorporated into this Resolution by this reference. Section 2. That the proper City officials are authorized to execute appropriate documents to accept the proposal of the Aetna Medicare Advantage PPO plan on behalf of the City of Dania Beach to provide Medicare Supplemental Medical Insurance coverage to Medicare eligible retirees at the following not to exceed monthly rates: Location Current 2019 Renewal Florida and Out-of-State Resident $268.31 $188.10 Section 3. That the proper City officials are authorized to execute appropriate documents to accept the proposal of Aetna on behalf of the City of Dania Beach to provide Medicare Supplemental Prescription Insurance coverage to Medicare eligible retirees at the following not to exceed monthly rates: Location Current 2019 Renewal Florida Resident $174.59 $175.69 Out-of-State $168.84-$189.79 $175.69 Section 4. That funding for the cost of the City's health claims program administration for Medicare Supplemental Insurance coverage is planned and shall be charged to the City Health Insurance Fund, Professional Services Account, Account No. 501-18-00-519-45- 41. Section 5. That all resolutions or parts of resolutions in conflict with this Resolution are repealed to the extent of such conflict. Section 6. That this Resolution shall be in force and take effect on January 1, 2019. 2 RESOLUTION#2018-151 PASSED AND ADOPTED on October 23, 2018. ATTEST: �� B a�' y s14. 0 -4 THOMAS SCHNEIDER, CMC TAMARA JAM CITY CLERK 1 MAYOR Isli APPROVED AS TO RM AND CORRECTNESS: THOMAS 1. AIJSB CITY ATTORNIEY 3 RESOLUTION#2018-151