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CITY OF PEQUOT LAKES <br /> HEALTH INSURANCE RENEWAL RATES <br /> EFFECTIVE 10-1-05 <br /> CURRENT RATES RENEWAL RATES <br /> SINGLE FAMILY SINGLE FAMILY <br /> 27% Increase $ 426.00 $ 599.50 $ 541.00 $ 761.50 <br /> City's Portion 85% $ 362.10 $ 509.58 $ 459.85 $ 647.28 <br /> Employee's Portion 15% $ 63.90 $ 89.92 $ 81.15 $ 114.22 <br /> The City currently has 9 employees participating in the family coverage. This rate increase <br /> would cost the City an additional $14,871.60 per year; however due to increased health <br /> insurance budgeting in 2005, the additional cost to the City will be$5,106.24. This rate increase <br /> will cost the employees an additional $2,624.40 per year. <br /> The total annual premium for the City's portion is$69,906.24. The total annual premium for the <br /> employee's portion is$12,335.76 <br />