Title
Village of Orland Park Employee Insurance Renewal FY2012
History
The Horton Group has completed the market analysis on behalf of Village of Orland Park and has provided final recommendations for the renewal of the following benefit programs effective 01/01/12:
· 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, we recommend the following carriers/vendors associated with each benefit offering effective 01/01/12:
· Aetna (Medical/RX)
· Delta Dental of Illinois (Dental)
· Eye Med (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 cost for each benefit offering is provided below.
Our FY2012 Medical/Rx insurance renewal proposal from Aetna represents a 12.2% increase over FY2011. This increase is attributable to stop loss and claims trends, as well as to replenish reserves. This proposal includes maintaining our current PPO (Gold and Silver), Managed Care (Select), and HDHP/HSA plan designs. Aetna continues to provide competitive pricing and has transitioned effectively as our new medical/RX carrier in 2011. As a result, staff recommends to remain with Aetna as our Medical/RX carrier.
Effective 1/1/2012, non-union and IBEW employee premium contributions will be based on a percentage of the overall premium cos...
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