2024-07-02 VII. D. Ex 7 • •
Exhibit 71 --Jery, vi(, b.
0/,,o o 07/02/2024 CC
.. T A
'&.e MEMORANDUM
TO: Mayor Watford & City Council DATE: June 27, 2024
FROM: Administrator Ritter SUBJECT: Dependent Health Insurance
HR Generalist Prince
Finance Director Riedel
In addition to offering HSA 05172/05173 to provide flexibility for employees who may wish to add
dependent health care, we are asking the Council to consider increasing the employer contribution
for dependent health care from $150.00 to $200.00 per employee per month. This is an additional
means of reducing the bi-weekly cost to employees for dependent health care.
Bi-Weekly Deduction if Bi-Weekly Deduction if
PPO Plan 03769 Employer contributes Employer contributes
(former 0727) Premium $150.00/month $200.00/month
Additional for Spouse $ 1.644.80 $ 689.91 $ 666.83
Additional for Child(ren) $ 1,095.00 $ 436.15 $ 413.08
Additional for Family $ 2.400.79 $ 1.038.83 $ 1.015.75
Bi-Weekly Deduction if Bi-Weekly Deduction if
Employer contributes Employer contributes
HSA 5810/5181 Premium $150.00/month $200.00/month
Additional for Spouse $ 1,423.18 $ 587.62 $ 564.54
Additional for Child(ren) $ 947.36 $ 368.01 $ 344.94
Additional for Family $ 2,077.30 $ 889.52 $ 866.45
Bi-Weekly Deduction if Bi-Weekly Deduction if
Employer contributes Employer contributes
HSA 05172/05173 Premium $150.00/month $200.00/month
Additional for Spouse $ 1,146.43 $ 459.89 $ 436.81
Additional for Child(em) $ 763.15 $ 282.99 $ 259.92
Additional for Family $ 1,673.33 $ 703.08 $ 680.00