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Addon.CompbenefitsROM IfflTATE To: The Honorable Mayor & Members of the City Commission Via: Buford R. Witt, Acting City Manager From: Carmen V. Baker, Acting Human Resources Manager Date: August 17, 2010 Agenda Item No.:_)Lt Ohl Subject: Dental and Vision Insurance Resolution Request: A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF SOUTH MIAMI, FLORIDA, AUTHORIZING THE CITY MANAGER TO RENEW THE CONTRACT WITH COMPBENEFITS TO PROVIDE GROUP DENTAL AND VISION INSURANCE FOR CITY OF SOUTH MIAMI FULL TIME EMPLOYEES TO BE CHARGED TO DEPARTMENTAL ACCOUNT NUMBERS RESPECTIVELY; PROVIDING FOR AN EFFECTIVE DATE. Reason /Need: We have received renewal rates from our current group dental and vision insurance carrier, CompBenefits. CompBenefits proposed a 10.0 % increase for the Dental coverage and 0.0% increase for the Vision coverage. The insurance Committee met and reviewed the proposed rates. The Committee Members that participated were as follows: Maria L. Garcia City Manager's Office Maria Virguez Carol Bynum George Greene Lisa Morton James McCants Maria Stout -Tate Lorenzo Woodley Slaven Kobola Finance Code Enforcement Motor Pool (AFSCME) Police (PBA) South Miami Community Redevelopment Agency Parks & Recreation Parks & Recreation Public Works & Engineering The Insurance Committee made a recommendation to the City Commission to renew with CompBenefits for another year without any changes to the current benefit plan designs. The City would cover the 50% of the employee rate for Dental of $24.70 which is $12.35. Based on current enrollment assumptions (125 FTE), the annual increase from this year to next year would be approximately $18,525.00. Current staffing levels are at 144 full time employees. Dental HMO Dental PPO Vision EE $24.70 (city Portion 50% of amount) $38.44 $6.50 (City Portion 0 %) EC $49.64 $86.42 $12.36 ES $50.24 $77.54 $13.00 FAM $81.40 $138.50 $25.58 The City would cover the 50% of the employee rate for Dental of $24.70 which is $12.35. Based on current enrollment assumptions (125 FTE), the annual increase from this year to next year would be approximately $18,525.00. Current staffing levels are at 144 full time employees. Backup Documentation: IL) Proposed Resolution ❑ Proposed Dental & Vision Rates RESOLUTION NO.: 4 A resolution of the Mayor and City Commission of the City of South Miami, 5 Florida, authorizing the City Manager to renew the contract with 6 CompBenefits to provide group dental and vision insurance for City of South 7 Miami full time employees to be charged to departmental account numbers 8 respectively; Providing an effective date. 9 10 1 I WHEREAS, the Agent of Record (Employee Benefits Consulting Group) for the City's 12 Dental and Vision Insurance recommends CompBenefits as our carrier; and 13 14 WHEREAS, the City Commission compared the insurance rates, benefit plan designs, 15 provider network as well as our previous claims experience /ratio; and 16 17 WHEREAS, the Insurance Committee unanimously voted to renew with CompBenefits 18 for another year; and 19 20 WHEREAS, the City Commission wishes to renew Group Dental and Vision Insurance 21 with CompBenefits to all full -time employees; and 22 23 WHEREAS, with the selection of CompBenefits, the designated Agent of Record is 24 Employee Benefits Consulting Group until contract expiration or until otherwise determined by 25 either party. 26 27 NOW THEREFORE BE IT RESOLVED BY THE MAYOR AND CITY 28 COMMISSION OF TILE CITY OF SOUTH MIAMI, FLORIDA, THAT; 29 30 Section 1. The contract shall be effective October 1, 2010 and shall be renewable on an 31 annual basis. 32 33 Section 2. This engagement is at will and shall continue until either party terminates the 34 engagement by giving written notice to the other party. The City shall not be charged for agent 35 of record services; Employee Benefits Consulting Group shall be compensated by the insurer. 36 37 Section 3. This resolution shall take effect immediately upon approval. 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 PASSED AND ADOPTED this ATTEST: CITY CLERK day of 2010. READ AND APPROVED AS TO FORM: CITY ATTORNEY APPROVED: MAYOR Commission Vote: Mayor Phillip Stoddard: Vice Mayor Valerie Newman: Commissioner Brian D. Beasley: Commissioner Velma Palmer: Commissioner Walter Harris: