PRM Health Trust FY 20-21ILT
Gallagher
Insurance Risk Management ! Consulting
July 9, 2020
India Riedel
Finance Director
City of Okeechobee
55 SE 3rd Avenue
Okeechobee, FL 34974
Re: Group Health Rates for Plan Year 2020 - 2021
Dear India,
One Boca Place
2255 Glades Road i Suite 200E
Boca Raton, FL 33431
USA
561 995-6706
www.alg.com
We are pleased to provide you with your Group Health rates for the new plan year beginning October 1, 2020. The
rates illustrated below represent an increase of 4.5% over your current medical rates. The increase in the medical
rate is 1% lower than the pool average. There was no change to the Dental, Vision, Life or Disability rates. We
believe that you will find this renewal very reasonable in light of current market conditions.
Medical — PRM Plan PPO 0727
Medical — PRM BlueOations 05901
Funding Rates
Coverage
Medical
Medical COBRA
Medical Reduced
Retiree
Employee
$888.98
$906.76
$676.44
Additional for Spouse
$1,330.39
$1,357.00
$931.26
Additional for Child
$885.68
$903.39
N/A
Additional for Family
$1,941.87
$1,980.71
N/A
Medical — PRM BlueOations 05901
Dental
Funding Rates
Coverage
Medical
Medical COBRA
Medical Reduced
Retiree
Employee
$699.52
$713.51
$532.19
Additional for Spouse
$1,046.83
$1,067.77
$732.73
Additional for Child
$696.85
$710.79
N/A
Additional for Family
$1,527.96
$1,558.52
N/A
Dental
High PPO
Low PPO
Coverage
Funding Rate
Funding Rate
Employee
$33.99
$27.19
Employee Family
$88.70
$70.97
Page 2
Vision
Basic Life
Coverage
NVA - Voluntary
Coverage
Funding Rate
Employee
$5.24
Employee Spouse
$9.83
Employee Child(ren)
$8.18
Employee Family
$16.19
Basic Life
Coverage
Funding Rate
Basic Life per $1,000
$0.32
Basic AD&D per $1,000
$0.02
Voluntary Life
Coverage
Funding Rate
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
Disabilit
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.
Sincerely,
Paul Hebert
Area Senior Vice President
PH/cm