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Reso 2022-3294
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Reso 2022-3294
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Last modified
7/26/2024 10:13:21 AM
Creation date
3/3/2022 12:38:34 PM
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CityClerk-Resolutions
Resolution Type
Resolution
Resolution Number
2022-3294
Date (mm/dd/yyyy)
02/17/2022
Description
Selection of Cigna Healthcare as provider of employee health insurance and dental; Eyemed as provider of vision care; Mutual of Omaha of life insurace
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Insurance Summary 2022 <br />Provider <br />Insurance Type <br />Summary <br />The recommendation is to remain with Cigna. This was <br />the most competitive proposal received. Due to the <br />high claims experience this past year; Cigna originally <br />Cigna <br />Medical <br />proposed a rate increase of approximately 13.3% <br />Healthcare <br />(annual amount of $2,557,241.28). After extensive <br />negotiations, Cigna provided a proposal with a 7% <br />increase (annual amount of $2,415,055.08), with no <br />Ian chan es. <br />Cigna submitted a renewal proposal for services in <br />an annual amount of $149,152.92, which is 4.4% <br />higher than our current rates. This was the most <br />Cigna <br />competitive proposal received. Employees have the <br />Dental <br />Dental <br />option to choose from two (2) plans: DMO or PPO. <br />This was the most competitive proposal received. <br />Employees have the option to choose from two (2) <br />plans: DMO or PPO. <br />Eyemed has extended their current rates at no <br />additional cost. Annual amount of $18,543.72. <br />EyeMed <br />Vision <br />Additionally they have offered a 4 -year rate guarantee. <br />Life; Accidental <br />Mutual of Omaha has extended their current rates at <br />Death & <br />no additional cost. Annual amount of $63,750.53 <br />Mutual of <br />Dismemberment; <br />Omaha <br />Long -Term <br />Disability; <br />Mutual of Omaha has extended their current rates at <br />Voluntary Short <br />no additional cost. <br />Mutual of <br />Term Disability <br />Omaha <br />and Voluntary <br />Voluntary Short Term Disability and Voluntary Life <br />Life Insurance <br />Insurance is at the sole cost of the employee. <br />135 <br />
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