Title
Employee Insurance Renewal FY2013 - Approval
History
The Horton Group completed a market analysis on behalf of the Village of Orland Park and has provided final recommendations for the 01/01/2013 renewal of the following benefit programs:
· Medical/RX
· Dental
· Vision
· Life and AD&D
· STD - ASO
· Flexible Spending Account (FSA)
· Employee Assistance Program (EAP)
· Crisis Response Program (Community)
· Virgin Health Miles (Wellness Initiative)
· CHC Biometric Screenings (Wellness Initiative)
A summary of these recommended options is attached to this agenda item for reference.
Based on the final analysis provided by The Horton Group, the following carriers/vendors associated with each benefit offering effective 01/01/2013 are being recommended:
· BlueCross BlueShield of Illinois (Medical/RX) - New Carrier
· Delta Dental of Illinois (Dental)
· EyeMed (Vision)
· Dearborn National (Life/AD&D)
· Guardian (STD - ASO)
· Allied Benefit Systems (Flexible Spending Account Administration)
· Metro Family Services (Employee Assistance Program)
· Metro Family Services (Crisis Response Program - Community)
· Virgin HealthMiles (Pedometer and Rewards Program - Wellness Initiative)
· CHC (Biometric Screenings - Wellness Initiative)
· The Horton Group (Benefit Consultant)
A summary of the projected annual expense for each benefit offering is provided in an attachment.
The Village’s Medical/Rx plan is self-funded and is administered by an insurance carrier in order to provide the appropriate medical networks and administrative services. Proposals for the FY2013 Medical/Rx insurance administrator renewal are based on the carriers’ estimations of the Village’s expected claims for the year, stop loss coverage, and run-in claims. To ensure the best possible pricing, The Horton Group works on behalf of the Village to negotiate with carriers to obtain best and final offers.
The proposal provided by Aetna the incumbent carrier represented a 9.9% increase over FY2012....
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