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Home My WebLink AboutR-2024-092 Health Insurance Policy Renewal for 2024-2025RESOLUTION NO. 2024- A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF DANIA BEACH, FLORIDA, AUTHORIZING THE PROPER CITY OFFICIALS TO EXECUTE AND ACCEPT THE AGREEMENT FOR RENEWAL OF THE CITY' S FULLY INSURED MEDICAL PLAN BROKERED BY THE GEHRING GROUP, AS BROKER OF RECORD FOR THE CITY OF DANIA BEACH, WITH THE FLORIDA MUNICIPAL INSURANCE TRUST, FOR INSURANCE COVERAGES BEGINNING OCTOBER 1, 2024 THROUGH SEPTEMBER 30, 2025, FOR ACTIVELY WORKING AND NON -MEDICARE ELIGIBLE RETIRED EMPLOYEES; 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 group health, dental, and vision insurance for the 2024-2025 plan year; and WHEREAS, the City Administration, based on the City's claims experience that the Gehring Group reviewed and analyzed as well as the results of the Medical RFP, recommends that the City renew medical plans from the Florida Municipal Insurance Trust ("FMIT"), Life/AD&D and Long -Term Disability plans from New York Life. The City's dental plan from Cigna, vision plan from EyeMed, and a Short -Term Disability plan administered by the Maxon Companies are in rate guarantee for the 2024-2025 plan year. The City will add a mental health benefit with Headspace for all employees effective October 1, 2024, via a Memorandum of Understanding with the Union; and WHEREAS, in consultation with Gehring Group, City Administration also recommends renewing the FMLA & Absence Management plan from Work & Well. The City's Section 125 plan spending account administration with Ameriflex, and the City -paid Identity Theft solution are in rate guarantee for the 2024-2025 plan year; and WHEREAS, based on the City's Collective Bargaining Agreement ("CBA"), the cost sharing for medical insurance premiums will remain sixteen percent (16%) for employees and eighty four percent (84%) for the City until modified by a subsequent CBA; and WHEREAS, based on current employee and non -Medicare eligible retiree census data, the City's annual medical plan premium cost will be reduced to Two Million One Hundred Ninety - Nine Thousand One Hundred and Sixty -Two Dollars ($2,199,162); based on current employee and all eligible retiree census data, the City's annual dental insurance premiums will remain flat at One Hundred Thirty -Three Thousand Six Hundred Fifty -Eight Dollars ($133,658); annual vision plan premium will remain flat at Fifteen Thousand Eight Hundred and Six Dollars ($15,806); annual Life/AD&D plan premium will remain flat at Fifty -One Thousand Three Hundred Fifty - Nine ($51,359) Dollars; annual Long -Term Disability plan premium will remain flat at Thirty - Three Thousand Seven Hundred Twenty -Nine ($33,729) Dollars; and annual mental health resource fees of Twelve Thousand Dollars ($12,000.00). NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF DANIA BEACH, FLORIDA: Section 1. That the above "Whereas" clauses are 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 renewal proposal of the Florida League of Cities — Florida Municipal Insurance Trust on behalf of the City to provide fully insured medical coverage to eligible employees and non -Medicare eligible retirees at the following not to exceed monthly rates: Traditional Plan Current FY 23/24 Proposed FY 24/25 Employee only $775.68 $732.24 Employee +l $1,529.50 $1,443.85 Family $2,347.07 $2,215.63 High Deductible Health Plan Employee only $670.21 $632.68 Employee +l $1,321.55 $1,247.54 Family $2,027.96 $1,914.39 Section 3. That the proper City officials are authorized to execute appropriate documents to accept the renewal of Cigna on behalf of the City to provide fully insured dental coverage to eligible employees and retirees at the following not to exceed monthly rates: 2 RESOLUTION #2024- Dental Plan Current FY 23/24 Proposed FY 24/25 Employee only $30.34 $30.34 Employee + 1 $72.41 $72.41 Family $108.62 $108.62 Section 4. That the proper City officials are authorized to execute appropriate documents to accept the renewal of EyeMed on behalf of the City to provide fully insured vision coverage to eligible employees and retirees at the following not to exceed monthly rates: Vision Plan Current FY 23/24 Proposed FY 24/25 Employee only $4.39 $4.39 Employee+ 1 $8.33 $8.33 Family $12.24 $12.24 Section 5. That, for those employees who elect the High Deductible Health Plan, the City will provide Eight Hundred Dollars ($800.00) for employee -only coverage, and One Thousand Six Hundred Dollars ($1,600.00) for dependent coverage, in a Health Savings Account to be used to offset insurance deductibles. Section 6. That the City will provide an annual incentive of Four Thousand Dollars ($4,000.00) to employees who choose to opt out of the City's Medical Insurance and who provide proof of other group insurance coverage. Section 7. That the proper City officials are authorized to execute appropriate documents to implement Headspace on behalf of the City to provide mental health resources to employees at an annual cost of Twelve Thousand Dollars ($12,000.00). Section 8. That funding for the cost of the City's health insurance program package is planned and shall be charged to the individual departmental City Health Insurance expenditure accounts (23-10) for active employees and General Fund account 001-18-00-519-45-41 for retirees, respectively. 3 RESOLUTION #2024- Section 9. That the City Commission authorizes the City to exceed the annual vendor threshold of Fifty Thousand Dollars ($50,000.00) for the aforementioned employee benefits program components, as necessitated for fiscal year 2024-2025. Section 10. That all resolutions or parts of resolutions in conflict with this Resolution are repealed to the extent of such conflict. Section 11. That this Resolution shall be in force and take effect on October 1, 2024. PASSED AND ADOPTED on fit.g , 2024 g �,.,� j te° -*i Motionby��a"`l�t�,�iC-kt�; 6 ��secondbya�� `rl FINAL VOTE ON ADOPTION: Unanimous Yes No Commissioner Joyce L. Davis _ Commissioner Tamara James _ Commissioner Marco Salvino Vice Mayor Lori Lewellen Mayor Archibald J. Ryan IV _ ATTEST: ELORA > MvI ARC B Jt. RYAN IV CITY CLERK e`� MAYOR APPROVED AS TO FORM AND CO EVEIA. BOUTSIS CITY ATT0i2NEY 4 RESOLUTION #2024- EI