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City of <br /> PEQUOT <br /> LAKES <br /> HEALTH INSURANCE RENEWAL INFORMATION <br /> EFFECTIVE 10/1/07— 12/31/08 <br /> Current Contract <br /> Carrier is HealthPartners <br /> Family Rate = $858.50 per employee per month <br /> Employer's Share is 85% = $729.72 per month <br /> Employee's Share is 15% = $128.78 per month <br /> Single Rate = $621.50 <br /> Employer's Share is 85% = $528.28 per month <br /> Employee's share is 15% = $93.22 per month <br /> The City currently has 10 family and 1 single contract. The City's annual cost is as <br /> follows. <br /> `., Family Rate= $729.72 x 10 =$7,297.20 x 12 mos. _ $ 87,566.40 <br /> Single Rate = $528.28 x 1 = $528.28 x 12 mos. _ $ 6,339.36 <br /> TOTAL $ 93,905.76 <br /> Proposed Contract <br /> Carrier is HealthPartners <br /> Family Rate= $971.00 per employee per month <br /> Employer's Share is 85% = $825.36 per month <br /> Employee's Share is 15% = $145.64 per month <br /> Single Rate= $700.50 <br /> Employer's Share is 85% = $595.44 per month <br /> Employee's share is 15% = $105.06 per month <br /> The City currently has 10 family and 1 single contract. The City's annual cost is as <br /> follows. <br /> Family Rate = $825.36 x 10 = $8,253.60 x 12 mos. _ $ 99,043.20 <br /> Single Rate= $595.44 x 1 = $595.44 x 12 mos. _ $ 7,145.28 <br /> TOTAL $106,188.48 <br />