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HomeMy WebLinkAboutRes 22-70 2023 Town Health & Dental# grair-IMMUMN. M, 11 A I I - 11, 6- t WHEREAS, the Town of Westlake desires to maintain a comprehensive health and dental insurance benefits for its employees that is competitive to surrounding cities; and, WHEREAS, the leaders of the Town of Westlake desire to exercise exceptional levels of stewardship with all financial resources; and, WHEREAS, the Town Council finds that the passage of this Resolution is in the best interest of the people of Westlake. M, 0 1� I E 0, jN1 VWY071VII io, 'I fIV117,01, f1VIE f, OF WESTLAKE, TEXAS: SECTION 1: That, all matters stated in the Recitals hereinabove are found to be true and correct and are incorporated herein by reference as if copied in their entirety. SECTION 2: That, the Town Council of the Town of Westlake, Texas, hereby approves the Aetna as the Town's health insurance carrier for a twelve (12) month period, beginning January 1, 2023, with an estimated annual premium of $646,450. SECTION 3: That, the Town Council of the Town of Westlake, Texas, hereby approves the renewal of MetLife as the Town's dental and insurance carrier for a twelve (12) month period, beginning January 1, 2023, with an estimated annual premium of $45,305. SECTION 4: That, the Town Council of the Town of Westlake, Texas, hereby approves the renewal of MetLife as the Town's vision insurance carrier for a twelve (12) month period, beginning January 1, 2023, with an estimated annual premium of $,3,975. SECTION 5: If any portion of this Resolution shall, for any reason, be declared invalid by any court of competent jurisdiction, such invalidity shall not affect the remaining provisions hereof and the Council hereby determines that it would have adopted this Resolution without the invalid provision. SECTION 6: That this resolution shall become effective from and after its date of passage. Resolution 2 2 - 7 0 Page I of 1 WIM-116 Searillitride, Mayor Amy Pil.Mna, Town Secretary L. Sutnton Lown T'oA n At,torne-% Resolution 22-70 Page 2 of 2 B I I u-'tra ',,IV e The Town Of Westlake Contact Information Account Manager Cynthia Gonzalez Email: GonzalezCM@aetna.com Telephone Number: 904-351-3353 Assumptions Contract State: TX Lives: 46 PooHng Level: $100,000 SIC Code- 9111 ProdUcer Service Fee: 2.47% Mem/EE Ratio: 1.93 Rx Formulary: Advanced Control Formulary Proposed Rates Effective Date: 1/1/2023 End Date., 12/3112023 Total Amount Due Includes 2,47% Producer Service Fee** $1,500 deductibl�e plan will be mr-AP664-0 the 2023 year. Currently there are noi vaetna", Page I of I l 11 ustr at"Ve The To Of Westlake Contact Information Account Manager Cynthia Gonzalez Email- GonzalezCM@aetna.com Telephone Number: 904-351-3353 Assumptions Contract State: TX Lives: 46 Poolling Level: $1001,000 SIC Code: 9111 Producer Service Fee: 2.47% Mem/EE Ratio- 1.93 Rx Formulary: Advanced Control Formulary Proposed Rates Effective Date: 1/1/2023 End Date: 12/31/2023 Total Amount Due Includes 2.47 % Producer Service Fee** ply $ EE 01 $522.84 $637,39 21,91% EE + SP 1 $1,044.61 $1,273.49 21.91% EE + Children 1 $1,044.61 $1,273.49 21.91% Family 1 $1,567.46 $1,910.89 21.91% Total 3 $3,656.68 $4,457.87 21.91% EE 0 $628.71 $768.05 22.16% EE + SIP 0 $1,257.41 $1,536.08 22-16% EE + Children 0 $1,25T41 $1,536M 22.16% Family 0 $1,885M $2,302.79 22.16% ,Total 0 $0.00 $0.00 N/A MAE= 111JUIMARINN noon= MEN= rvpoa,�g —2 EE 26 $739.20 $750.90 1.58% EE + SP 4 $1,478.40 $1,501.80 1.58 V0 EE + Children 7 $1,478-40 $1,501.80 1.58% Family 6 $2,217.60 $2,252.70 1.58% Total 43 $48,787.20 $49,559.40 1.58% Hiustrati%(e The Town Of Westlake Total Medical Lives: 46 Current Monthly Total Amount Due: $52,444 Proposed Monthly Total Amount Due: $54,017.27 Total % Change: 3.00 % Proposed Total Contract Period Arnount Due: $648,207.24 "The proposed rates includes our premium and Producer Service Fee as requested, Producer Service Fee will be removed from To Amount Due lf Poficyqholder and/or Producer do not elect our co any to serve M-52 reflect executed Billing & Collection Agreement, for your market and case size. This may be subject to change. X