PRM Health Trust FY 18-19GGallagher Benefit Services, Inc.
July 30, 2018
India Riedel
Finance Director
City of Okeechobee
55 SE 3rd Avenue
Okeechobee, FL 34974
Re: Group Health Rates for Plan Year 2018 - 2019
Dear India,
A Subsidiary of Arthur J. Gallagher & Co.
We are pleased to provide you with your Group Health Rates for the new plan year beginning October 1, 2018. The
rates illustrated below represent an increase of 10% over your current medical rate. The increase in the medical rate
is 2% higher than the pool average due to a loss ratio of 108.6%. There is no increase in the Dental and Vision
plan rates. Effective October 1, 2018 your Life and Disability carrier will be The Standard, and those rates are
illustrated below. We believe that you will find this renewal very reasonable in light of current market conditions.
Medical — PRM Plan PPO 0727
Medical — PRM Plan BlueOptions 05901
Funding Rates
Coverage
Medical
Medical COBRA
Medical Reduced Retiree—
etireeEm
to ee
Employee
$797.29
$813.24
$606.68
Additional for Spouse
$1,193.17
$1,217.03
$835.21
Additional for Child
$794.33
$810.22
N/A
Additional for Family
$1,741.57
$1,776.40
N/A
Medical — PRM Plan BlueOptions 05901
One Boca Place
2255 Glades Road, Suite 200E
Boca Raton, FL 33431
Main 561-995-6706
Fax 561-998-6731
Funding Rates
Coverage
Medical
Medical COBRA
Medical Reduced Retiree
Employee
$627.37
$639.92
$477.31
Additional for Spouse
$938.86
$957.64
$657.16
Additional for Child
$624.98
$637.48
N/A
Additional for Family
$1,370.36
$1,397.77
N/A
One Boca Place
2255 Glades Road, Suite 200E
Boca Raton, FL 33431
Main 561-995-6706
Fax 561-998-6731
G
uentai hi n rru Low rru
Covera e Funding Rate Funding Rate
Employee $35.78 $28.62
Employee Family $93.37 $74.70
Vision NVA - Voluntary
Coverage
Funding Rate
Employee
$5.24
Employee Spouse
$9.83
Employee Child ren
$8.18
Employee Family
$16.19
Life
Disability
Coverage Funding Rate
Short Term Disability - Voluntary $0.37
Long Term Disability — Non -Contributory $0.61
We appreciate the opportunity to serve you and your employees and look forward to working with you over the new
plan year.
Should you have any questions, please contact Yvonne Blackford or me at 561-995-6706.
Sincer
P I Hebert
Area Senior Vice President
PH/gsc
Coverage
FundingRate
Basic Life
per $1,000
$0.32
Basic AD&D per $1,000
$0.02
Voluntary
Life per $1,000
Age Rated
Voluntary
Spouse Life per $1,000
Age Rated
Voluntary
AD&D per$1,000
$0.03
Voluntary
Child Life
$2.00
Disability
Coverage Funding Rate
Short Term Disability - Voluntary $0.37
Long Term Disability — Non -Contributory $0.61
We appreciate the opportunity to serve you and your employees and look forward to working with you over the new
plan year.
Should you have any questions, please contact Yvonne Blackford or me at 561-995-6706.
Sincer
P I Hebert
Area Senior Vice President
PH/gsc
°FF City of Okeechobee Exhibit 10
L CO
Memo July 10, 2018
Date: for July 10th meeting
TO: Mayor and City Council
FR: Admin Marco Montes De Oca and India Riedel, Finance Dept
RE: PRM Group Health Insurance
The City's current premium structure for plan 0727:
Employee Only $ 725.14 Empl & Spouse $1,810.34
Empl & child(ren) $1,447.59 Empl Family $2,309.11
The City has had another year of large payout of benefits for our employees and
dependents. ($105.00 paid out for every $100.00 premium, through April. As per the
bylaws of the PRM group the maximum premiums will increase is 6% over the Group. The
Group (PRM members) experience base rating is @ an 8% increase effective 10/1/18.
Based on our higher experience rating than the group, are premiums are 2% higher,
therefore the current PPO 0727 plan premium increase for this fiscal year is at 10%, or a
$50,196 increase.
The city is continuing to take a long term approach regarding the health of its employees by
continuing the current benefits including the Clinic.
Current plan, 0727
Affordable Care Act required option, 05901
City Cost
Deduction
Premium
Per Employee per
per
Employee
Month
Pay Check
-Employee Only
$797.29
$797.29
$0.00
Add'I for Spouse
$1,193.17
$150.00
$472.23
Add] for Child (ern)
$794.33
$150.00
$297.38
Add'I for Family
$1,741.57
$150.00
$734.57
Affordable Care Act required option, 05901
55 SE Third Avenue, Okeechobee, FL 34974
(863) 763-3372 / (863) 763-1686 Fax
City Cost
Deduction
Premium
Per Employee per
per
Employee
Month
Pay Check
Only
$627.37
$570.60
$0.00
-Employee
Add'I for Spouse
$938.86
$150.00
$364.08
Add] for Child (ern)
$624.98
$150.00
$219.22
Add'I for Family
$1,370.36
$150.00
$563.24
55 SE Third Avenue, Okeechobee, FL 34974
(863) 763-3372 / (863) 763-1686 Fax