HomeMy WebLinkAboutCity of Tamarac Resolution R-2018-143Temp. Reso. 13198
October 16, 2018
Page 1 of 3
CITY OF TAMARAC, FLORIDA
/
RESOLUTION NO. R-2018- l �3
A RESOLUTION OF THE CITY COMMISSION OF
THE CITY OF TAMARAC, FLORIDA,
AUTHORIZING THE APPROPRIATE CITY
OFFICIALS TO EXECUTE AN AGREEMENT WITH
CIGNA, PROVIDING FOR STOP LOSS
INSURANCE; PROVIDING FOR CONFLICTS;
PROVIDING FOR SEVERABILITY; AND
PROVIDING FOR AN EFFECTIVE DATE.
WHEREAS, the City's health insurance was re -structured as a partially
self -insured program effective January 1, 2013; and
WHEREAS, in the fall of 2018, the City's benefits consultant Lockton
Companies competitively marketed the Stop Loss Insurance Coverage for Plan
Year 2019; and
WHEREAS, as a result of the marketing of the Stop Loss Insurance
Coverage, Lockton Companies presented the City with two proposals for stop
loss coverage; and
WHEREAS, after detailed evaluation of the proposals, and with the
assistance of Lockton Companies, City staff has determined that CIGNA's
proposal provides the City with the most cost-effective program which includes a
level of reinsurance protection that is prudent and appropriate; and
WHEREAS, available funds exist in the appropriate Governmental Funds
which are in the approved FY 2019 Budget to fund the City's Stop Loss
Insurance; and
Temp. Reso. 13198
October 16, 2018
Page 2 of 3
WHEREAS, it is the recommendation of the City Manager, the Director of
Human Resources, and the Director of Financial Services that the City execute a
contract with CIGNA, as described in the Proposal attached as Exhibit 1, for Stop
Loss Insurance subject to any revisions as may be negotiated by and between
City staff and CIGNA and as approved by the City Manager and the City Attorney
effective January 1, 2019; and
WHEREAS, the City Commission has deemed it to be in the best interest
of the health, safety and welfare of citizens and residents of the City of Tamarac
to execute such Agreement.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION
OF THE CITY OF TAMARAC, FLORIDA:
SECTION 1: That the foregoing "WHEREAS" clauses are hereby
ratified and confirmed as being true and correct and are hereby made a specific
part of this Resolution. All exhibits attached hereto are incorporated herein and
made a specific part of this Resolution.
SECTION 2: That the appropriate City officials are hereby authorized to
execute contract documents with CIGNA, as described in the Proposal, attached
as Exhibit 1 for Stop Loss Insurance, subject to any revisions as may be
negotiated by and between City staff and CIGNA and as approved by the City
Manager and City Attorney.
SECTION 3: That all resolutions or parts of resolutions in conflict
herewith are hereby repealed to the extent of such conflict.
Temp. Reso. 13198
October 16, 2018
Page 3 of 3
SECTION 4: That if any clause, section, or other part or application of
this Resolution is held by any court of competent jurisdiction to be
unconstitutional or invalid, in part or application, it shall not affect the validity of
the remaining portions or applications of this Resolution.
SECTION 5: This Resolution shall become effective immediately upon
adoption.
PASSED, ADOPTED AND APPROVED this �� day of , 2018.
A- Lz
HARRY DRESSLER
MAYOR
ATTEST:
RECORD OF COMMISSION VOTE:
MAYOR DRESSLER
DIST 1: COMM. BOLTON
DIST 2: V/M GOMEZ
DIST 3: COMM. FISHMAN
DIST 4: COMM. PLACKO -�
I HEREBY CERTIFY THAT I HAVE
APPROVED THIS RESOLUTION
AS TO FORM
2,"&- 4�-�c
SAMUES. GO
CITY ATTORNEY
OP-2039747 - City of Tamarac - 3336651
EXHIBIT I
Cigna HealthCare
Cigna
Individual Stop Loss
Client
City of Tamarac
Renewal
Effective Date
11112019
Account Number
3336651
Opportunity Number
OP-2039747
Sales Representative
Philip Miles
Quote Date
9/24/2018
Quote Expiration Date
I I/22/2018
Individual Coverage Options
Current
ISL Option 1
Proposal ID
71946
Contingent or Firm
Firm
Individual Pooling Point
$150,000
$150,000
Aggregating Specific Deductible
Annual ISL Maximum
Unlimited
Unlimited
Renewal Predictability Option
Renewal Advantage
Covered Benefits
Medical/Rx
Contract Basis
12136
Incurred in 12
Policy Period Months
12
Terminal Liability Months
-
Covered Employees
373
Individual Premium (PEPM)
$118,84
$129.91
ISL Policy Year Premium
$581,494,91
Renewal Increase
9.50%
Commission (% or $ PEPM)
Interface Fee, if applicable
51.20
Laser Applies? No
All Cigna products and services are provided exclusively by or through operating
subsidiaries of Cigna Corporation, including Cigna Health and Life Insurance Company.
The Cigna name, logo, and other Cigna marks are owned by Cigna Intellectual Property,
Inc. Product availability may vary by location and plan type and is subject to change.
OP-2039747 - City of Tamarac - 3336651
Cigna HealthCare
Aggregate Stop Loss
Proposal
Aagreciate Coverage
ProposaIlD
Individual Pooling Point
Contract Basis
Run-in Months
Policy Period Months
Terminal Liability Months
Corridor
Annual Maximum
Covered Benefits
Includes Fixed Charges
Aggregate Premium (PEPM)
ASL Policy Year Premium
Commission %
Monthly Deductible Factors (per EE):
Lives
OAP1 30
OAP2 25
CAPIN 318
Minimum Attachment Percentage
Illustrative Minimum Attachment Point
Terminal Attachment Factors:
Lives
OAP1 30
OAP2 25
OAPIN 318
Minuimum Run -Out Period Attachment Point
Terminal Attachment Factor
Terminal Liability applies in the year of
termination only. In the year of termination the
Run -Out Period Attachment Point will be added to
the Actual Attachment Point
Client
City of Tamarac
Effective Date
11112019
Account Number
N/A
Opportunity Number
OP-2039747
Sales Representative
Philip Miles
Quote Date
10/2/2018
Quote Expiration Date
11/22/2018
ASL Option 1
35347
$150,000
12/12
12
3
118%
Unlimited
Medical/Rx
Yes
$14.84
$66,440.95
0.00%
$1,366.70
$1,297.65
$1,361.45
100%
$6,076,607
$216.85
$208.04
$214.42
$958,694
$214.19
All Cigna products and services are provided exclusively by or through operating subsidiaries of Cif
including Cigna Health and Life Insurance Company. The Cigna name, logo, and other Cigna marks
Intellectual Property, Inc. Product availability may vary by location and plan type and is subject to
ASL Proposal Details 10/17/2018
Cigna.
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