Title
Employee Insurance Renewal FY2016
History
The Horton Group completed their annual market analysis on behalf of Village of Orland Park and has provided final recommendations for the 01/01/2016 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 Pulse Program (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 01/01/2016 are being recommended:
* BlueCross BlueShield of Illinois (Medical/RX)
* Delta Dental of Illinois (Dental)
* EyeMed (Vision)
* Dearborn National (Life/AD&D and Short-Term Disability)
* 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)
* Vendor Review Pending (Flexible Spending Account Administration)
Attached is a summary of the renewal for each benefit offered. Actual budgeted amounts will be adjusted to reflect the number of employees, employee contributions and pre-allocated reserves.
The Village’s Medical and RX benefit plan is self-funded under the “Cost Plus” platform with Blue Cross Blue Shield of IL. The administration of the plan is also handled by BCBSIL inclusive of their PPO and HMO networks. The Medical and RX renewal proposal from BCBSIL for FY2016 is representative of administrative costs, network access, HMO capitation fees, two levels of stop loss protection (specific and aggregate) and expected paid claims estimates based on underwritten projections. To ensure the most competitive pricing results, The Horton Group approaches the marketplace on behalf of the Villa...
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