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M <br />City of <br />Pequott <br />Lakes— <br />AGENDA ITEM #5.4 <br />REPORT TO <br />CITY COUNCIL <br />Date: October 5, 2010 <br />Subject: Cash -in -lieu of Option for Health Insurance <br />Report: The City currently has an option for employees <br />who do not take the City's health insurance of receiving <br />cash in the amount of $375.00 per month. It was brought to <br />the attention of the Health Insurance Committee that this <br />option does not meet the Healthpartners participation <br />requirement. The Committee was informed that in the <br />future there would be a penalty for those groups who offer <br />this option. <br />The Committee reviewed this issue thoroughly and made <br />the following recommendation: <br />• The cash -in -lieu option is grandfathered in for <br />employees currently on this option. <br />• Once a grandfathered employee chooses to join the <br />City's group health insurance plan, cash -in -lieu is no <br />longer an option. <br />