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City of <br /> �- <br /> U4* PEQUOT <br /> LAKES <br /> HEALTH INSURANCE RENEWAL INFORMATION <br /> EFFECTIVE 10-1-06 <br /> Current Contract <br /> Carrier is Blue Cross Blue Shield <br /> Family Rate=$761.50 per employee per month <br /> Employer's Share is 85% = $647.28 per month <br /> Employee's Share is 15% =$114.22 per month <br /> Single Rate=$541.00 <br /> Employer's Share is 85% = $459.86 per month <br /> Employee's share is 15% =$81.14 per month <br /> The City currently has 11 family and 1 single contract. The City's annual cost is as <br /> follows. <br /> Family Rate= $647.28 x 11 = $7,120.08 x 12 = $85,440.96 <br /> Single Rate= $459.86 x 1 = $459.86 x 12 = 5,518.32 <br /> TOTAL $90,959.28 <br /> Proposed 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 11 family and 1 single contract. The City's annual cost is as <br /> follows. <br /> Family Rate= $729.72 x 11 = $8,026.92 x 12 = $ 96,323.04 <br /> Single Rate= $528.28 x 1 = $528.28 x 12 = $ 6,339.36 <br /> TOTAL $102,662.40 <br />