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08-03-04 Item 5(t"tl South Miami AlChy CITY OF SOUTH MIAMI l.nm�� NTEROFFICE MEMORANDUM 2001 TO: Honorable Mayor, Vice Mayor DATE: August 3, 2004 & City Commission j FROM: Maria V. Davis ITEM No.of City Manager k RE: Selection of Group Health Insurance RESOLUTION A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF SOUTH MIAMI, - FLORIDA, AUTHORIZING THE CITY MANAGER TO ENTER INTO A CONTRACT WITH AVMED HEALTHCARE TO PROVIDE GROUP HEALTH INSURANCE FOR CITY OF SOUTH MIAMI FULL -TIME EMPLOYEES PROVIDING AN EFFECTIVE DATE. REQUEST The attached resolution seeks approval from the City Commission for the City Manager to sign a one -year contract with Avmed HealthCare to provide health insurance coverage for City of South Miami's full time employees. BACKGROUND We have received renewal rates from our current group health insurance carrier — Cigna HealthCare and noted a forty percent (40 %) increase in premiums. The Agent of Record found it necessary to seek an insurance plan that would provide quality coverage at competitive rates. Our Agent of Record solicited bids from several companies. Bids were received from the following: Aetna, AvMed, Blue Cross Blue Shield, Humana and Vista Health Care. A review committee consisting of the Agent of Record, the Human Resource Manager, representatives of the PBA, AFSCME and the general employees carefully reviewed the proposals and unanimously recommended the selection of AvMed Health Care. ANALYSIS It is estimated that selection of a new carrier will result in projected annual savings of approximately $52,222 in the next fiscal year's budget, without resulting in reduced benefits for our employees. RECOMMENDATION Approval is recommended. Attachments: EBCG Insurance Bid Proposal I RESOLUTION NO. 2 3 A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF 4 THE CITY OF SOUTH MIAMI, FLORIDA, AUTHORIZING THE 5 CITY MANAGER ` TO ENTER INTO A CONTRACT WITH 6 AVMED HEALTHCARE TO PROVIDE GROUP HEALTH 7 INSURANCE FOR CITY OF SOUTH MIAMI FULL -TIME 8 EMPLOYEES; PROVIDING AN EFFECTIVE DATE. 9 10 WHEREAS, the City's Agent of Record received the health insurance renewal 11 rate wherein the current carrier proposed a forty percent (40 %) increase in premiums; and 12 13 WHEREAS, the Agent of Record has recommended that, due to this increase, we 14 seek out other carriers in an effort to get a more competitive rate; and 15 16 WHEREAS, the companies that submitted their proposals were: Aetna, AvMed, 17 BCBS, Humana, United HealthCare and Vista; and 18 19 WHEREAS, a review committee consisting of the Agent of Record, the Human 20 Resource Manager, representative of the PBA, AFSCME and general employees 21 carefully reviewed the proposals and unanimously recommended the selection of AvMed 22 HealthCare; and 23 24 WHEREAS, with the selection of the new health insurance provider AvMed 25 HealthCare; the designated Agent of Record will be Employee Benefits Consulting 26 Group until contract expires or until otherwise determined by either party. 27 28 NOW THEREFORE BE IT RESOLVED BY THE MAYOR AND CITY 29 COMMISSION OF THE CITY OF SOUTH MIAMI, FLORIDA; 30 31 Section 1. The City Manager is hereby authorized to contract with AvMed 32 HealthCare for the City's group health insurance. 33 34 Section 2. The contract shall be effective October 1, 2004 and shall be 35 renewable on an annual basis. 36 37 Section 3. This contract is at will and shall continue until either party terminates 38 the contract by giving written notice to the other party. The City shall not be charged for 39 agent of record services. Employee Benefits Consulting Group shall be compensated by 40 the insurer. 41 42 43 44 45 46 Additions shown by underlining and deletions shown by evetstFiking. 1 2 3 Section 4. This resolution shall take effect immediately upon approval. 4 5 PASSED AND ADOPTED this day of , 2004. 6' 7 ATTEST: APPROVED: 8 9 10 11 12 CITY CLERK MAYOR 13 14 15 16 Commission Vote: 17 READ AND APPROVED AS TO FORM: Mayor Mary Scott Russell: 18 Vice Mayor Velma Palmer: 19 Commissioner Randy G. Wiscombe: 20 Commissioner Marie Birts- Cooper: 21 Commissioner Craig Z. Sherar: 22 23 CITY ATTORNEY 24 City of South Miami 6130 Sunset Drive -, South Miami, Florida 33143 Health Insurance Selection Aetna AvMed Blue Cross / Blue Shield Humana NHP United Health Care Vista s,l'FU 7- jj` r a 40 2004 -2005 Please select one vendor: Declined to quote Human Resources Department 305- 668 -2515 (305) 668 -3877 Fax mil/ js fj cX, ol6e M�po s Insurance Committee Member A� Signature / Print Name F City of South Miami 6130 Sunset Drive., South Miami, Florida 33143 Health Insurance Selection >OuTis µ .H.._E4 =.7 � 2004 -2005 Please select one vendor: Aetna AvMed Blue Cross / Blue Shield Humana NE? Declined to quote United Health Care Vista Insurance Committee Member S gnatu / Print Name Human Resources Department 305- 668 -2515 (305) 668 -3877 Fax City of South Miami 6130 Sunset Drive., South Miami, Florida 33143 Health Insurance Selection Aetna AvMed Blue Cross / Blue Shield Humana NIP United Health Care Vista Insurance Committee Member acni?'Y C7AtL5� 2004 -2005 Please select one vendor: Declined to quote / -1 1" o Human Resources Department 305- 668 -2515 (305) 66 &3877 Fax Po ,9 -- , ,Te �t-rp-er T'� �f C�ji`tYb) to gnature / Print Name " City of South Miami 6130 Sunset Drive., South Miami, Florida 33143 Health Insurance Selection Aetna AvMed Blue Cross / Blue Shield Humana NHP United Health Care Vista Insurance Committee Member x�.�y�T.. +{rppJ,7CP fi #h k7ldT � � 2004 -2005 Please select one vendor: f 11KO1p6s.. Declined to quote Signature / Print Name Human Resources Department 305- 668 -2515 (305) 668 -3877 Fax City of South Miami 6130 Sunset Drive, South Miami, Florida 33143 Health Insurance Selection Aetna AvMed Blue Cross / Blue Shield Humana NIP United Health Care Vista Insurance Committee Member S Ct LE r�1 w"Y 4 S v4GC„F�C4r41YS? - 2004 -2005 Please select one vendor: 0 —0 Declined to quote Signature / Print WAffe Human Resources Department 305- 668 -2515 (305) 668 3877 Fax MEDICAL PROPOSAL ANALYSIS JULY 2004 Employee Benefits Consulting Group TABLE OF CONTENTS I. Executive Summary II. Proposed Medical Rates III. HMO Benefit Comparison IV. POS/PPO Benefit Comparison V. Survey Results Employee Benefits Consulting Group Executive Summary Attached is our analysis of the medical proposals that we received on behalf of the City of South Miami. We approached the following vendors in regards to this project: Aetna Humana Av Med Neighborhood Health Partnership Blue Cross /Blue Shield United HealthCare CIGNA (incumbent) Vista CIGNA has proposed a 40% rate increase. The primary factor behind this rate increase is the claims experience. From 10/1/03 - 3/31/04 the City of South Miami had a 120.8% loss ratio with CIGNA: a) Premium from 10/1/03- 3/31/04 $322,457 b) Claims paid from 10/1/03 - 3/31/04 $389,467 c) Loss ratio (b /a) 120.8% During this time period there was one large individual claim of $120,608. It appears this claim is no longer on- going. From an underwriting perspective we feel that CIGNA's renewal is inappro rp iate. There are currently 119 employees enrolled in the group medical plan. At this size the claim experience is not very "credible." In our opinion the City of South Miami should receive a rate action that is more indicative of CIGNA's entire pool /book of business. Three other vendors proposed viable alternatives to the City of South Miami (Av Med, Humana, and Vista). These companies quoted plans that are competitive to the current rate structure and the proposed benefits are comparable to the CIGNA program. Here are some of the municipalities /government sector groups that each of these vendors currently have as clients: Av Med Miami Dade County City of Fort Lauderdale Village of Key Biscayne Humana Miami Dade County City of Miami Beach City of Hialeah Gardens Broward Sheriff's Office Broward County Schools Vista Miami Dade County Broward Sheriff's Office Broward County Schools City of Hallandale =► = esc_J Employee Benefits Consulting Group We are also performed a Benefit Survey with other municipalities in Dade County similar in size to the City of South Miami. This survey can be used to evaluate the current benefit structure (the results are enclosed). The following municipalities participated in the survey: Village of Bal Harbour City of Florida City City of Hialeah Gardens Town of Medley City of Miami Shores Village City of Miami Springs City of North Miami City of North Miami Beach Village of Pinecrest City of Sunny Isles Beach City of Sweetwater We appreciate the opportunity the City of South Miami has given us in regards to this project. Employee Benefits Consulting Group is prepared to assist the City of South Miami in managing healthcare costs while still maintaining the integrity of the benefits package. 2 Employee Benefits Consulting Group Proposal Responses Vendor Name Response Aetna Submitted a proposal. AvMed Submitted a proposal. Blue Cross /Blue Shield Submitted a proposal. Humana Submitted a proposal. Neighborhood Health Partnership United HealthCare Declined to quote. Submitted a proposal. Vista Submitted a proposal. 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OD O" (0 5 3 Z D O Q. -� C) o w m m a* �- t9 t9 W W cn CD CD 4(000)0 w N O0)(D -4 M y y 2 fA fA fA CD C - 'a)OODOWD�7 IV 0M W cn W W 4A fA fA to C4 O cn W V W OD N -• V COOCOm A W cn N i Proposed Medical Rates Employer /Employee Cost Sharing Gross Monthly Premium HMO Current (CIGNA) Av Med Employee only $325.92 $289.04 Employee + child(ren) $586.65 $504.63 Employee + spouse $651.83 $560.73 Employee + child(ren) + spouse $977.74 $841.10 POS Employee only $391.12 $355.91 Employee + child(ren) $704.02 $621.37 Employee + spouse $782.24 $690.46 Employee + child(ren) + spouse $1,173.36 $1,035.68 Monthly Employee Contributions HMO Employee only $0.00 $0.00 Employee + child(ren) $260.73 $215.59 Employee + spouse $325.91 $271.69 Employee + child(ren) + spouse $651.82 $552.06 POS Employee only $65.20 $66.87 Employee + child(ren) $378.10 $332.33 Employee + spouse $456.32 $401.42 Employee + child(ren) + spouse $847.44 $746.64 Enrollment Assumptions HMO Employee only 82 82 Employee + child(ren) 14 14 Employee + spouse 7 7 Employee + child(ren) + spouse 6 6 109 109 POS Employee only 5 5 Employee + child(ren) 2 2 Employee + spouse 0 0 Employee + child(ren) + spouse 2 2 9 9 a) Gross Annual Premium Costs $612,938 $537,978 b) Annual Employee Contributions $151,435 $128,697 c) Employer /City's Cost (a -b) $461,503 $409,281 City's Annual Savings (AvMed vs. CIGNA) = $52,222 Employee Contribution Savings (AvMed vs. CIGNA) $22,738 TOTAL SAVINGS $74,960 Page 3 Employee Benefits Consulting Group m o 2 2 2 ƒ2 ° k � I R ( k � n � CD p k I 0 ƒ 4 0 R ■ E o Cl) \ (D # o a - _0 § CD ] J E x k g \ 7 $ $ 7 $ / 0 / < f , _ » m k � $ � A n 4 7 E » � ~ & ¥ 3 \ CL / § . 0 / c o / 2 o 00 Z n / \ 0 k k k 7 / CD $ < \ k < < .0 \ ) f & Kk / \ � \ � p O ƒ 4 � ? # § 2 z o 0 2 k g \ 7 $ $ \ / 7 $ / 0 / < q ¥ _ » m ° $ / A n 4 7 ƒ » � ~ & ¥ 3 \ / § ■ . 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