Title
Village of Orland Park Employee Insurance Renewal FY2019
History
The Horton Group completed a market analysis on behalf of the Village of Orland Park and has provided final recommendations for the January 1, 2019 renewal of the following benefit programs:
· Medical/RX
· Dental
· Vision
· Life and AD&D
· Flexible Spending Account (FSA)
· Employee Assistance Program (EAP)
· 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 are being recommended effective January 1, 2019:
· BlueCross BlueShield of Illinois (Medical/RX)
· Delta Dental of Illinois (Dental)
· EyeMed (Vision)
· Discovery Benefits (Flexible Spending Account Administration)
· Metropolitan Family Services (Employee Assistance Program)
· Virgin Pulse (Pedometer and Rewards Program - Wellness Initiative)
· CHC (Biometric Screenings - Wellness Initiative)
· The Horton Group (Benefit Consultant)
Attached is a summary of the renewal for each benefit offered. Actual budgeted amounts will be adjusted to reflect the number of participants per plan. Overall, this is a favorable renewal resulting in an approximate 6% decrease in insurance fund expenses. A long term focus on our employee benefit strategy of consumerism, choice, and wellness along with the reduction of lives on the plan in 2019 contributed to the decrease. This summary also includes Trinity Services, the current provider of 24/7 crisis response services, for the Police Department and Village employees. The Police Department has applied for a grant to help offset the cost of these services.
The Village Medical/Rx plan is self-funded and administered by an insurance carrier to provide the appropriate medical networks and administrative services. Proposals for the FY2019 Medical/Rx insurance administrator renewal are based on the carriers’ estimations of the Village’s...
Click here for full text