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HomeMy WebLinkAboutCity of Tamarac Resolution R-2001-313L- L� Temp. Reso. #9580 - October 19, 2001 Page 1 CITY OF TAMARAC, FLORIDA RESOLUTION NO. R-2001-313 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF TAMARAC, FLORIDA, AUTHORIZING THE APPROPRIATE CITY OFFICIALS TO APPROVE THE RENEWAL OF THE CITY'S DENTAL INSURANCE PROGRAM WITH THE PRUDENTIAL HEALTHCARE - SOUTH FLORIDA INSURANCE COMPANY EFFECTIVE JANUARY 1, 2002 WITH A RATE INCREASE OF 4%; PROVIDING FOR THE CONTINUATION OF THE EXISTING COST ALLOCATION OF THE DENTAL INSURANCE PREMIUM BETWEEN THE CITY AND EMPLOYEES; APPROVING THE APPROPRIATE BUDGETARY TRANSFERS OF FUNDS; PROVIDING FOR CONFLICTS; PROVIDING FOR SEVERABILITY; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, the dental insurance was awarded to the Prudential Health Care -South Florida Insurance Company effective October 1, 1996 through an expression of interest process; and WHEREAS, the rates for the group dental insurance program have increased this renewal period as indicated in the renewal letter received from Prudential HealthCare-South Florida, attached hereto as Exhibit #1; and WHEREAS, the group dental insurance rates will increase approximately 4% effective January 1, 2002 due to the community rating methodology; and Temp. Reso. #9580 - October 19, 2001 Page 2 WHEREAS, the Personnel Director recommends approval of the group dental insurance program for employee dental insurance benefits effective January 1, 2002; and WHEREAS, available funds exist in the appropriate funds which are in the approved FY2002 Budget; and WHEREAS, the City Commission has deemed it to be in the best interest of the citizens and residents of the City of Tamarac to provide group dental insurance benefits for City employees. 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. SECTION 2: That the appropriate City officials are hereby authorized to approve the renewal of the City's dental insurance program with the Prudential HealthCare-South Florida Insurance Company effective January 1, 2002 with a rate increase of 4%. The monthly rates shall be increased as follows: $19.76 to $20.55 for single coverage; $39.80 to $41.39 for employees plus one; and $55.61 to $57.83 for family coverage effective January 1, 2002. SECTION 3: That the appropriate City officials are hereby authorized to continue the existing cost allocation of the dental insurance premium between the City and employees. 1 1-1 Temp. Reso. #9580 - October 19, 2001 Page 3 SECTION 4: That the appropriate City officials are authorized to enact any appropriate budget transfers as needed for this purpose. SECTION 5: That all resolutions or parts of resolutions in conflict herewith are hereby repealed to the extent of such conflict. SECTION 6: 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 7: This Resolution shall become effective immediately upon adoption. PASSED, ADOPTED, AND APPROVED this 24th day of October, 2001. ATTEST: - MARION SW NSON, CMC CITY CLERK I HEREBY CERTIFY that I ha^ approved this RESOLUTION as to form. MITG°'HELL 3. KF CITY ATTORN �W-MW MAN 0 A 0 RECORD OF COMMISSION VOTE: MAYOR SCHREIBER Aye' DIST 1: COMM. PORTNER A & DIST 2: COMM. MISHKIN A ye, 9PT 3: V/M SULTANOF Aye, DIST 4: COMM. ROBERTS A & EXHIBIT 1 Prudential HealthCare' A member company of Aetna US, Healthcare October 17, 2001 The City of Tamarac Client Number: 0074940 Re: Dental Renewal- Revised Prudential Healthcare A member cfFeE?V f etna US HealthcarEFE � tt l�1) Dental Underw�ilf0H L 3 Gre&jvyo�y�Plp�a, 7"' Floor Houston, 1j7��7j�tjj0p��1 AM g: s 1 C:a Prudential HealthCare, a member company of Aetna US Healthcare, is pleased to prove our financial analysis of your Group Insurance Benefit Program in connection with your 01/01/2017 -r- renewal.: � Qrn The following factors are among those taken into consideration in determining your premium Sgt`es the coming plan year: M • The experience results for your plan cn • Your benefit plan design, and -- • Changes in the composition of your group We have reviewed the experience of your dental insurance coverage and compared this experience with our overall book of business. The weight, or credibility, given to your own experience in determining your rates is based on the size of your group and the duration of the experience used. Based on this analysis, we have determined the future cost for your dental insurance coverage. The resulting changes are displayed on your enclosed rate sheets. These sheets provide a comparison of your current and renewal rates, which are effective on 01/01/2002. Benefit plan design is an integral part of controlling costs and utilization. We have a full portfolio of products and benefit options designed to help control future dental care costs. Your sales representative will be pleased to consult with you to evaluate your current benefit program. We value our relationship with your company and we look forward to the continued opportunity to provide you with quality service and insurance protection. JFJenton nt Manager October 17, 2001 The City of Tamarac Client Number: 0074940 Renewal Rates Effective: 01/01/2002 DMO DMO FOC INS CURRENT RATE RENEWAL RATE Employee QnlY $19.76 $20.55 Employee + Spouse/1 dependent $39.80 $41.39 Employee + Child ren) $0.00 $0.00 Employee + Family/2 or more dependents $55.61 $67.83 Rate Assumptions Prudential HealthCare, a member company of Aetna US Healthcare, reserves the right to review or change rates in the event of any of the following: a) Change in the covered population by more than 10% from the census submitted b) New or changes to legislation or regulations that affect the benefits payable, eligibility or contractual provisions; c) Significant reduction in employer contribution arrangement Commissions paid to a broker, if applicable, will not change. No new dental plans will be introduced. Late entrants rules continue to be applied at annual enrollment and throughout the year (i.e., No "open enrollment") Additional Comments