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HomeMy WebLinkAboutRes.2787.11-04-2013BILL NO. 13-150 RESOLUTION NO. C�2 7 � 7 A RESOLUTION AUTHORIZING THE CITY MANAGER TO EXECUTE A CONTRACT WITH DELTA DENTAL FOR EMPLOYEE DENTAL INSURANCE SERVICES, IN THE CITY OF CAPE GIRARDEAU, MISSOURI BE IT RESOLVED BY THE COUNCIL OF THE CITY OF CAPE GIRARDEAU, MISSOURI, AS FOLLOWS: ARTICLE 1. The City Manager, for and on behalf of the City of Cape Girardeau, Missouri, is hereby authorized to execute a Contract with Delta Dental for employee dental insurance services, in the City of Cape Girardeau. Said Contract shall contain the terms set out in the proposal from Delta Dental. A copy of the proposal information from CBIZ Benefits and Insurance Services, Inc. is attached hereto and made a part hereof. PASSED AND ADOPTED THIS � DAY OF /VC✓LSYkvi , 2013. ATTEST: GayleAL. Conrad, City Clerk Harry E. Red'ger, Mayor CBIZ Benefits & Insurance Services, Inc. 11440 Tomahawk C(eek Parkway Leawood, KS 66211-9955 a www.cbizkc.com Tel: (913)234-100D . Fax: (913) 234-1100 September 28, 2013 Ms. Lori Meyer Human Resources and Risk Manager City of Cape Girardeau 401 Independence Street P.O. Box 617 Cape Girardeau, MO 63702 Re: Delta Dental Plan Renewal Effective January I, 2014 Dear Lori: The City of Cape Girardcau's dental plan will again renew on January I, 2014. The following are the results of that renewal. Histol t As you know, the City sets their own conventional equivalent rates to fund the cost of your self-funded plan. Your rates have remained stable for the past several years. In 2009, CBIZ reviewed the market with a Request for Proposal (RPP). This process validated that Delta Dental was indeed the best carrier for the City's dental plan, based oil pricing, benefits, network and administrative capabilities. Effective January 1, 2010, Delta agreed to decrease their administrative fee and guarantee that fee for two years, until January I, 2012. Effective January I, 2012, Delta Dental requested a 5% increase in administrative fees, to a rade of $5.84 per employee per month. Additionally, the City increased dental rates by 2% for the first tine in many years. The City continued at existing levels for 2013. 2013 FundinL Analysis Based oil actual paid claims year-to-date in 2013, and estimated collected premium front September 2013, your year - lo -date expenses in 2013 are estimated as follows: Claims (01/01/12-08/31/12) $119,380 Estimated Administrative Cost (3,915 x $5.84) $22,864 Estimated Expenses $142,694 Estimated Collected (01/01/13 —08/31/13) $157,480 ($19,685 x 8) CBIZ Benefits 8 Insurance Services. Inc. Claims Exaerienee Based on reporting from Delta Dental, your paid claims from 9/1/12-8/31/13 were $165,420. This was a decrease of 9% over 9/1/11-8/31/12, the time period used last year for renewal. Your number of covered subscribers increased (from 497 to 508) and ),our claim amount per employee per month decreased slightly from $31.24 to $27.75. Administrative Fee Delta has agreed to renew ),outadministration fee at the current level for the next 12 months. Renewal Rate Recommendation We have projected that the City will collect $236,218 in 2014, based on current participation in your plan as well as the current billed rates. Delta has projected that expenses will be $226,546 in 2014. We would recommend that you continue at yom' current funding levels for 2014. If we can provide any further information, please lel us know. Thank you for your continued confidence and support. DaNkA ]ohnson, CEBS Senior Ifeliefits Consultant /ego Enc. cc: John Richbourg, City of Cape Girardeau CBIZ Benefits A Insurance Services. Inc.