Title
Employee Insurance Renewal FY2015
History
The Horton Group completed a market analysis on behalf of Village of Orland Park and has provided final recommendations for the 01/01/2015 renewal of the following benefit programs:
· Medical/RX
· Dental
· Vision
· Life and AD&D
· Flexible Spending Account (FSA)
· Employee Assistance Program (EAP)
· Crisis Response Program (Community)
· Virgin Health Miles (Wellness Initiative)
· CHC Biometric Screenings (Wellness Initiative)
Based on the final analysis provided by The Horton Group, the following carriers/vendors associated with each benefit offering effective 01/01/2015 are being recommended:
· BlueCross BlueShield of Illinois (Medical/RX)
· Delta Dental of Illinois (Dental)
· EyeMed (Vision)
· Dearborn National (Life/AD&D)
· 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)
In addition, the Horton Group is currently completing a market and service analysis for short-term disability plan administrators and programs. The Village currently utilizes Guardian who provides “advice to pay (ATP)” services. Along with evaluating plan administrators, we are also evaluating if the “advice to pay (ATP)” program model or another program model will better meet the Village’s needs in administering the short-term disability benefit. An annual expense amount is provided in the chart below for budgeting purposes.
A summary of the renewal for each benefit offering is provided below.
Line of Coverage--------Annual Expense--------Renewal Impact
Medical/Rx----------------$5,085,551---------------7.6% premium decrease
Dental----------------------$290,824-----------------6.72% premium increase
Vision-----------------------$38,349-...
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