05.03 - Consider Recommendation from Health Ins Comm

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Health Insurance Council Memo October 5, 2010 Page 2 of 3 1. $1500/$3000 Deductible Three for Free Plan • The City pays 85% of the plan premium and the employee pays 15% of the plan premium 2. HSA $2500/$5000 Deductible Health Plan • The City pays 85% of the plan premium and the employee pays 15% of the plan premium • In January 2011, the City will make a HSA contribution of $2,000 for each single contract and $3,400 for each family contract (This one time up -front payment is an incentive for employees to consider an HSA health plan). • In 2012 and beyond, the City will make monthly HSA contributions of $150 per month for each single contract and $200 per month for each family contract The Committee is asking the Council to consider offering the two health plan options to all City employees. If the Council moves forward with these two plans, open enrollment will begin on November 1, and run through November 30th There has been one city employee meeting informing employees of the two health plan options with the understanding that this is a recommendation to the Council from the Health Insurance Committee. If the Council 10 R