Loading...
HomeMy WebLinkAbout78671 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 = im = = = W& = RESOLUTION NO. 7,867 8. A RESOLUTION AUTHORIZING THE CITY MANAGER TO ENTER INTO A CONTRACT WITH PRUDENTIAL LIFE INSURANCE COMPANY OF AMERICk".FOR CITY EMPLOYEE HEALTH AND LIFE INSURANCE COVERAGE. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY OF LITTLE ROCK, ARKANSAS: SECTION 1. The City Manager is hereby authorized to enter into a contract with Prudential Life Insurance Company of America for City employee health and life insurance coverage as set out in their proposal submitted on October 9, 1987. SECTION 2. Funds have been allocated for this expenditure and will be available in General Fund Account Nos. 6510 -112 and 6510 -120 for 1988. ADOPTED: December 1, 1987 ATTEST: APPROVE S TO FO MARK STODOLA, CITY ATTORNEY APPROVED: XI, ()X'V� ASST. MA OR F. G. VILLINES 4_Z6 AD-7 = 1 = = = NI = Marsh & McLennan Group Associates 105 West Capitol • P.O. Box 1310 • Little Rock, AR 72203.501- 372 -2222 • TO: MS. BRITT RICE DIRECTOR OF PERSONNEL FROM: STEVE rpZGAN , VI - PRESIDENT MARS A T U ITTS CONS F LITTLE ROCK. SUBJECT: MEDICAL AND LIFE INSURANCE PROPOSALS DATE: NOVEMBER 18, 1987 During the last 18 months, there have been repeated requests by various employee groups within the City of Little Rock to offer HMO type benefits. The reason for this request is simply due to the attractive nature of these programs to the consumer. Specifically, limited deductibles and no 20 percent co- payments. Such programs provide managed health care with virtually no out -of- pocket exposure to the employee. A review of competing proposals began during December 1986. This process involved an in -depth analysis comparing both conventional insurance programs with various HMO benefit packages. It was initially anticipated that an HMO would be offered; and that traditional indemnity coverage would be maintained for those that chose not to participate in the HMO. HMO's have only recently been available in Little Rock and rates for HMO coverage are based on community averages rather than the claims experience or demographics of a specific group. Due to those facts plus the potential for adverse selection, the City of Little Rock has taken the position of not removing a portion of its health care dollars from a claims sensitive arrangement to a community rated program, such as an HMO. The danger of adverse selection deals with the fact that younger more healthy employees may exit the traditional program which will bring about new increased pressure on traditional coverage rates. This adverse selection has been evidenced in several groups, including the Pulaski County group locally and the Aetna Life Insurance Company on their own employees. After two Requests for Proposals and repeated discussions with insurance representatives and their underwriters, it was decided that the ideal arrangement would be a dual M6 Marsh & McLennan Group Associates 105 West Capitol • P.O. Box 1310 • Little Rock, AR 72203 •501- 372 -2222 389 option medical program offering HMO type benefits and traditional coverage combined under one claims sensitive contract. In this arrangement, any surpluses created under the managed care HMO type area could be-used to offset any losses on the traditional insurance program. Three insurance companies were able to offer the dual option. These included Blue Cross and Blue Shield of Arkansas, the Prudential Insurance Company, and the Equicor Group. Basic plan differences existed among the alternatives, which I have analyzed relative to their respective costs. The Prudential Plus Contract was determined to be the most attractive. Basically, Prudential quoted a rate equal to the City's current expenditure level. If the City decided not to take any action at this time, there would be a 20 percent needed premium increase which represents approximately $39,000 to $40,000 monthly under the current self- insured program. Blue Cross and Blue Shield expected claims would generate a 23 percent increase while the maximum exposure level would generate a 45 percent maximum expenditure. Equicor, on the other hand, illustrated a 4 percent expected increase and 13 percent maximum expenditure under a combination of fully insured and self- insured dual option coverages. SUMMARY Due to the relative attractiveness of the Prudential Plus program in addition to the experience rated nature of all its medical benefits, I feel that financially this program to be preferable. It is our recommendation that this contract be entered into effective 1 -1 -88, with employee solicitations and question and answer sessions taking place during early December. SM:jp10 = = = = = r = = m M4 = m m = = 390 N CO LO a' Cc 10 [ m N 00 m ca N c•, r, -, ro m o N o +� m O t0 N O O M 00 m C co ..a E" i+ N N N N N H EH ro ro L ti �+ c m :o c O NI O O cr co o; rn m m �o ro o U. >l +•' C' N O rn HI •.a rn <` H CD N q ro U co N rn rn M 7 7 E4 N! 43 6i 43 4•a :y Q H O O N N r/] Cn LO E- m V' 07 L0 M 00 a co O i0 G O W co cJ I- O •ti K} 44 C' cr i0 7 E9 E9 1.9 � A '� >s CD O i0 00 E •.i': ..y O N M C. H E •� 01 � O O CA I- N H M U U M L; ro H N rn rn Cl) E9 H H N N C) >� Hi 4) 4fl > > W > L ii N N IT C` O N y CD CD M N N N m co 17 I r-1 H H H N G + {fl 4A V} 4fi Hi O O 00 r-I ro ro G W O C O N CD •.+ •.! t- co E- 00 'c i 4A 49 E3 to FR L L d N F E •0 O O v o 0 O O C Ni 7 H O O rz Co. o 0 w o� M CO N H 4g d Oi ry N y Cp ho U G ro 0.i •0 O' r-I q 3 H m 7 L 7 •�i co 7 N N} ttl v ,•-� N .•. *! •,q ++ a ro ++ �� •� o v u> u ++ U N N 0'N . C O C 0 G C CC 41 G!D1 G 0 y t0 U U N U ca oa o a a+� Hi rn rn x-•� O L U O' x U x 6 W 9L.; 390 £ a a C7 O OG a. F z w a x a U 0 W E Ca V] F Z F U O a1WH 5 ti E £ q d ] F 0 V] H W £ H A H .aza as a o orz Vl OC H as A caH Z m d aw> U W VI W 0; wza. >az xad w6 7nUa H d aAo 7 W V] d £ 5 O W F q VI F z F U O h w H O nE- £ q d p F M V) H W £ i( aza* 0. a il• Cl. u arzx V] H a a O A to Z w d F 6 W > W Uwz 7nwx wza.w H r A 0 > o-4 Z F xadp W 6 O V1 U r4 H a aAo .7 W 0 z W W a q N U H H F a co vIor 5xx £F0. O 7nawx H A d O a z U 3 0. rW ormz V7 Pi d e£a o cn H 6 zcnaH U z VIW9W wzxa Q>•3-m >AEFA. m a w w6z y U M d a a aWa• d E m I I I i 391 I � 8 I N N N N N N S I R G 9 r C• -•H .H .H .,.1 .H •H i. k 1 0 00 00 0roca I U V U U U U 0£ I N >1 I ail 06 ab 071 06 >+ 071 41 I o •v ro•H I o v •o 'o v v 'd b +� I v Q1 U 0 4) lam• (1) r Q I LO A AA AA A 0 1 0 r-1 •H 1 S. O 0 0 O O 41 0 m .4 V b y Y ++ u 4J 4•1 U I -W Q a \O I X' 4•c +1 4J sa +a 0 N O I O ro 'H U U U U U U >>O - I O O 0\0 O .-1 10 A. A A 4y A to 1 N [}• O O q O z O a O O O fA I iA iA CO N •h. [/� V1 V] V1 VI M M � . I I I I I it I � N N N (n N N 6 I G A G G C G I •H •H •H •H •H •H i. X 1 O 0 0 0 0 O ro c0 I U UU UU U Q1£ N >1 I O ab 4.6 ail atl 06 >106 U I O ro 4 E Co b b 'd 'C 'O V 'O 1.1 I •H to N Q) Ql Q1 N n Q1 0; Q1 I NT A AA AA A y4, I ro O . •H I 4y S. O O O O O O 4J 0 0 a I N O 41 41 41 y 41 U S4 4J o a \ o I ` 4) O \a 4y 41 4+ 4J 41 ++ 7 4+ N O 1 a 0 ca O U U U U U U >1 O I N O O 41 0 V d L 0 ro- 1 O O\ 0 O 'n 'n .n *n *n 0 '^7'O O I LO O R O A 44 A A 4y 4 O I N M O O r-i 01 7 0 a 0 "a O EA I M fA 00 N EA 0 N to 0 V1 V7 M •.� . 1 I G ro I 4 r Q1 >1 I 4) ro I G s i4 I •H S ro I W 0 C I G 4. ❑ 7 I O Q7 S �•H I O Ql ro x I r•i O b0 U ca I 4J W N I •H R ,C >> Q7 i a ro o ro a I N .G b •H I 0 41 41 I X ro O 0 I .. 41 M CH I �. o •H •H 0o w ON °*0 �o v z, I rwi� (a41� vo I 14 EI O b •H 1.. ++ - I N 0 0 0 H d 44 \ Fa 0 H O H= R Lo I 0 0 0 0 q I G U 4 HVf I z z z z A z H tsl• O .-7 �I N 41 two Q ca v+ L4 U o •H HI O b 1.+ m m 0 4 m N =I m m> U ca b4 c aJ 0 4-o w ul 0 •H 01 s4 U s4 O m '. v o v U •H m .., y! .s m w > m � ., •H ro '••I C .-I C 44 ..I a bQ 1 •H x c0 ❑ 0 b .•I b O ,O 6.0 m m 0 •p N, 'O q 0a I^ m+ ++ L •H 7 0 41 b •H •H 1+ Q) •H Q 41 C; a •H •H F C O •H O 4 , 4 41 •H 41 >+ 4J 0 91 N +•1 O •H F� I 4J P, 14 0 0 a A U U O W > U •-� U m R m U E 4. H 0 m 0 41 O +� H N 3 ., = U ti •H a •H a A Q1 0 .7 •H Ql 0. 4 Q) 0 V! fx G 0 (1 N •H bb B'O •H a U•d X C rni 0. F OC z 93.,<4tl .^, v ro 4) O x x 41 ro o O HgGuAUw W A£q xl I I I I I 1 a1 N � •H N sa L L E a 4 - .H .G R ro ba 392 ++ 00 O d' . -"a LO W W 4+ N N N •H N N N N L W U G G G N G G G G G o) 1 0 •H .H •H •H •H .H > N G 41 N H - O O H O 0 0 0 0 G =-H G N 6 U U U UUUU•H a)C N •H k O + O b b W O b bbb4j UAO> V G G G G G G 0 •.+ O\ U u m W .H •H (a W (a Wz4641 Lo as . i-1 � H H •H U -X N • 7 '-I co •H •H -H U r-1 0,0 a1 al al 0 0 0 0 0 0 a) 0 q q \ A ggGi Xq= • -O q \ N H W v to O O 0 0 0 0 O O U f!i 0 al a) 4� 4j 4J Y 4J r••1 4J Y % 4j ..� N (a N A A _- N 4J 2 B 4J 4J U 4J -W L 4j 4J •H •H S W a) r•I U U U U U U .H U U O •H U Wl to 7 al a) 4.• 4r N al a) U N al a) N 4H al •H •H W W W W W A A A AAAAAA•H G A a! a) G G O O 7 7 7 G 0. 7 7 0 al E G G .H rl O O .-( 0 0 O .-1 .•( C (n N U w l w w U CO CO t4 H 7 OV^H GV q W 7 7 41 Ca .H Cw C•H I' o O Fj •H O Ell G N 0 0 6 G G G r-i .H G O W H G G `J i H R •H !ii H M H H3 v fy �• 4q H H •H a x �I h Wu ^ I 0 £ bo 'D h' u U >+ O O L W I N al al a W •H U R Ui 4+ 0 - O UI > G O M1 N •H L N N N N N N N N> N I G N 4+ N G G G > 1 G G G G O G G G C, •H •H •H U O - •H •H •H •H U 'H al C 'H •H O 0 O W N > G •H ba G O 0 0 0 O '•H N O U U U �! U U V 4J -H V >. -A+.+ - - O r-I (ni •H 13 •-+ U O H O > .-I S. G N > '••I •H 4+ •H 07l oiJ ail a7J a71 all art z ab 44 to \ a7l z W 7 W 0 0 W 4.) W b i-1 al •H W N . /•H u - it a 6 o <I u a o A d 44 0 -H O a N 0 H x 4 ei al a L al .H bo F-I1 •4 ul 0 V fA W b L C U a) al 4.+ 04 al a) a1 U N Q) v £ a) bo N •H a( O O o q A q M i q AAA X q q •- q I-4 L O N L W 4H N N '� C U 4•� dl 'O W 00 7 •H v O O O O % 4•H O 0 N •H r4 O 0 0 0 0 0 0 w O al 0 ti; (A as r) i% cnao x0A...sa E3 4 ro L of W W A A 41 4� 0.0. C., I I 4J 4+ 4J U 4.1 4J L 1 4J •H •H Q.j U U U :I I U. u U U .H U U 0 •H U bo Wl a) (V al a) a) al 0 N al 0 N 4H al .H •H A A A A 444444 -H G A.4) 0 0 7 7 7 0 0 a0., 7 0 0 0 G G r ' U N h h 0 0 h v h 0 u w h M H a1 N � •H N L L O 4 .G ++ 00 O d' W 4+ N .-. 7 •H G N G N 4y H S G H H \ N 6 > ... 3 k W O 41 4 O U u .H •H • H . i-1 � H H •H •H •H -H U r-1 4. - > > > •H 40, 4+ 0 \ \ \ N H ..� _- E 2 B S W a) •H N 4.• 4r wl W W W W W F i � O O .H .H rl O O .-( 0 0 O .-1 .•( C a V V 7 OV^H GV q W 7 7 Ca .H Cw C•H I' o O or 0 x O Ell G N 0 G G G r-i .H G O W H G G `J i H fPr !ii H M H H3 v fy �• 4q H H oI �I h ^ I 'D h' u U >+ W I N al W •H U R Ui 4+ 0 - O UI > G O M1 N •H L N G H i SH a) O >i 4+ N 'C mg . •H > 1 4) bo 0.H C, •H •H 4+ U -0 N U O - w N iH W; N W N > G •H ba G 41 •H >. �! o) a+ •H •H d tH C N N >. -A+.+ - - O r-I (ni •H 13 •-+ U .-I S. G N > '••I •H 4+ •H z W 7 W 0 0 W 4.) W b i-1 al •H W N . /•H ai it a 6 o <I u a o A d 44 0 -H O a %w •H . 4 ei al a L al .H bo F-I1 •4 ul 0 aJ 4i o •H G. .0 q x L C N G E; ew 0 0 4.+ 04 $-. vi bO O •.H bo N •H a( O O o bO m •. a • al M i L (n C C M al I-4 L O N L W 4H N N '� C U 4•� dl 'O 0.i 7 •H v O p- +q % 4•H O 0 N •H r4 ba7 ti; (A as r) i% cnao x0A...sa E3 4 ro L of x 0.0. C., I I I Q.j I I i t I I :I I w w w� w w� wr iw w� w �■ w� w w y v N -- O G � 4) 393 N k I; L 10 W a( a) m O �. ybot 4) L 4) O L OD N N y N y y N N N N y N 0 L C G G G G G G G G G G G y 04 U4 •r{ .1 •r♦ •H ., •N •,4 •14 •H •H •m v H} O 0 0 O 0 0 0 0 0 0 0 O, Y Y N U U V U U U U U U U U X G G 4J 4) 4) U () • y •r+ 071 aiJ ob ai1 071 oil ab a71 oil oil o$J •J •J b0 L L .� b+JY G 0 • Y 4) (0 y •N 4. ^n •ri 'l7 b TJ b b '0 'i7 b L O. A Y G 41 U 4) 4) 4) 4) Ql 4! Q! 41 4) 4) Y Y N 4) .rt A A A •r'I q A A C5 lz A❑ q > a 0 4) is 0 0 0 Y 0 0 0 0 0 0 0 0 0 0 0 U (a Y Y t> >> Y Y Y Y 4- d-' L L H L +> y 0 0 0 O G Y 4-J 4J '0 Y 4.4 4-) Y Y YY Y W 4 44. 4J CH (1) U U U U U U U U U U U •,I •� b N N O) 0 4) 0 4) N (1) Q) 0) 0) U R 0 LL 0 •.( •"� .n.nM "'n .n.n •n .n •n,n 0) O O N O U A AAA A AA A A AA A "00 00 U ^� 7 7 •7 C 0 7O 0 G 7 ^J O r•i r1 ,G .-•� y V1 U] W V4 z V7 Vl h (n co W V1 L 0 w 's4 G N L O) G 0 04. s •� m N y L Y •ra •N b4 .H > N O O q 0 W L 9(• O •ti N L A L7, y N N N y N N y N N •.I 0) G G G G 0 4) G G G G G G G O 10 Y O •N •r1 •'1 H b4 •ri •ri •ri .1 •H •ri •ri U L 0 •H 0 0 0 fA L 0 0 0 0 0 0 0 M Y G U U V 01 U U U U U V U O '0 N •H .^ N C 0, a7J ail etl U oa a ab ab a oil ail \ (0 A O > O Y A • .-. r-I (3) 07 VI H G b 10 b b 10 IV 10 () (a 4) a 0) •ri 0 A N W 4) (1) U 4) 4) G Y U A P G) S (a •H .H Y b0 i". 8 Y u O 0 0 H G •� O O O 0 0 00 Y O y L Y 4 Y 4) rti 41 41 Y Y YY B 0 ,� •N W •� G y Y Y Y 4) Y +•( Y Y Y Y Y Y 10 X O 0) U 4) W y 4) 0 0 0) 4) d 4) A 8 Y G • .n •n,na 1 7.n.n.n n .n-7 U O A A A cn Y G A .0 4 A A 4.0 O -4) 0 U 0 p 0 0 G 0 0 7 0 0 0 0 (A B L 4) co h v1 O-e V) En W W 0 W V4 4& Y 0 Y G 0 G N U O 4+ •ri G td 4) G G t3 •N F: 0 0 A y 8 14 L e H O b0 0 H U O U •. L 3 y a O) y G 0 Y V] d •ri Y .ti . ti ..� O W Y C > U Y 0 G 0. 4) y U G 4) O L Y N nA >,0. Y G \ A y G 0 O 7 to " 0 4) co N 7 O 0) L L U N L Y M G 010 N •.i 0 G N L Y O H U q 0 Y G 0) 1!41 0 >+ 44 (a m 8 7 U c0 Y N y \ N r-i .-( r•i .-( H W N N H r••1 .0 •H N L X. G O N N H H Ol 44 0 0) L O a 0 G 7 7 7 U 7 7 0 3 A 0) 1. '7 L O •rc w ww w w w w ww G 0 a•+ 3 N (c] O 4) U 41 0 +� N G G G G G G N G G G G (0 m H L a 0 •P( H H M H HN(A H N M M 4141 (C 4lz a U a L b L 0 . y O Q N 0 1 b y L G Y 4-4 •N Y .N 4) 4) CC 0 0 >1 y �. G •.+ +•+ L G uJf L x >, N - U a+ It to G S', G U P. •^( a) ca .G •u L •r'I 07 G L O U W C > O Y U i U U Y 7 y U Y •••I co 0) •H >. Ol 0 O ro G Hi •.c .-I Ci U •'c O U •O 4 Y N •ri - N L Y 0 •0 T Y (0 Y U (o 0 F >s LL a. 1. r 4) U 0. .r U y 0-1 4) Y CO N 0 b4 0 0 G L CC >. 0 L •H U O, Y •M 1 LL .....� W; '0 •H 0 x N G U .0 Co w \ C4 U .0 Y L H >. E c0 Cy G y Y wt G r-( G A 0 •.i -H Y H 0 0 y •� U ro U N H y 0 Y 44 O 0 c.7 0 0 .r♦ b4 (0 4) > 0 C. rn O L 4) 0 L (n 4) •� N b4 d 0, U 0 O z 10 .A R ••+ L 0 0 A •.1 L a) O) 10 0) 0 • 4) '0 W X 07 •.a 0 L 0 0 L 84 y .G 4 A 0, 0 L L iF iE ik ik b0? OI W wGobx 0..Z Sp,d000F0.v10.0.Ca •Nr ac•iE a o O 1 I—_l— I 1 1 1 I 1 I I iF