Title
Employee Benefits Renewal FY2014
History
The Horton Group completed a market analysis on behalf of Village of Orland Park and has provided final recommendations for the 01/01/2014 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 01/01/2014 are being recommended:
· BlueCross BlueShield of Illinois (Medical/RX)
· 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 below.
Line of Coverage Annual Expense Comments
Medical/RX $5,424,458 0% increase
Dental $275,419 6.72% increase overall
Vision $36,475 0% increase
Life and AD&D $63,967 18.42% decrease
FSA $3,000 0% fee increase, assumes 36 fees at 5.75 pepm, and $500 adm.
STD - ASO $3,787 $1,400 increase over 2013
Virgin Health Miles $22,000 20% decrease
CHC Wellness $35,000...
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