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  Item No. 23.       
Meeting Date: 02/14/2019  
COMMITTEE: Finance  
CONTACT: Elizabeth Gilbert CHAIR: Caleb Grant

ACTION REQUESTED:
Discuss and consider approval of Resolution 19-15 to formally establish the City’s health insurance premium coverage level. (Grant/Gilbert)
BACKGROUND:
Information on the City’s annual cost of health insurance and breakdown between the employee and employer was reviewed at the November Finance Committee meeting. Several model options were reviewed and the Committee provided direction to continue with our current practice for establishing the cost to the employee and employer. 
 
The City currently covers each insurance option at the same dollar benefit level for each respective plan. Employees are also currently required to pay for their dental and vision premiums in full.
 
This Resolution sets the method by which these dollar amounts for health insurance will be determined to follow our historical practice for setting these rates. The Resolution also covers the other, related benefits such as dental and vision coverage.
FINANCIAL CONSIDERATION
By continuing with the City’s current practice, the impact to the future budget will largely depend on the increase to the total premium established by ERISA. We have not yet been notified of what this increase for FY2020 will be.
LEGAL REVIEW:
This Resolution has been reviewed by the City Attorney.
BOARD AND COMMITTEE ACTION:
Finance Committee voted 4-0 to recommend approval of Resolution 19-15 to City Council at its February 7, 2019 meeting.
STAFF RECOMMENDATION:
Approve Resolution 19-15 as presented.
Attachments
ATT 1 Resolution 19-15
ATT 2 Health Insurance Res Packet


    

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