HomeMy WebLinkAbout20070904 - VI-04
TO:
FROM:
DATE:
RE:
Mayor Hicks and Councilmembers
Melanie Mesko Lee
August23,2007
2008 Health Insurance Premium Breakdown
The City's 2008 health insurance premium increase will increase 4.0%. Union contracts state
that annual health insurance premium increases will be split 50%/50% between the City and
employees. Therefore, the following breakdown is recommended for 2008 health insurance
premium splits. The contribution split is in compliance with union contract language, and ensures
that employees receive the same City contribution, regardless of which plan (Triple Gold or
Options Blue) they elect.
TRIPLE GOLD PLAN
TRIPLE GOLD
CITY EMPLOYEE
SINGLE per
(Union) per month paycheck
2007 $477.00 $295.72 $181.28 $90.64
2008 $496.00
monthly
difference $19.00
month Iv increase $9.50 $9.50 $4.75 $19.00
2008 premium split $305.22 $190.78 $95.39 $496.00
CITY EMPLOYEE
SINGLE per
(Non-Union) month per paycheck
2007 $477.00 $477.00 $0.00 $0.00
2008 $496.00
monthly
difference $19.00
monthly increase $19.00 $0.00 $0.00 $19.00
2008 premium split $496.00 $0.00 $0.00 $496.00
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TRIPLE GOLD
CITY EMPLOYEE
per
FAMILY per month paycheck
2007 $1,326.50 $822.14 $504.36 $252.18
2008 $1,379.50
monthly
difference $53.00
monthlv increase $26.50 $26.50 $13.25 $53.00
2008 premium split $848.64 $530.86 $265.43 $1,379.50
OPTIONS BLUE PLAN WITH HRA
CITY EMPLOYEE I
SINGLE
(Union) Premium HRA TOTAL per month per paycheck
2007 $378.50 $231.26 $64.46 $295.72 $147.24 $73.62
2008 $393.50
monthly
difference $15.00
monthly
increase $7.50 $2.00 $7.50 $3.75
2008
premium
split $238.76 $66.46 $305.22 $154.74 $77.37
CITY EMPLOYEE
SINGLE
(Non- Taxable to per
Union) Premium HRA employee Total per month paycheck
2007 $378.50 $378.50 $64.46 $34.04 $477.00 $0.00 $0.00
2008 $393.50
monthly
difference $15.00
monthly
increase $15.00 $2.00 $2.00 $0.00 $0.00
2008
premium
split $393.50 $66.46 $36.04 $496.00 $0.00 $0.00
CITY EMPLOYEE
FAMILY Premium HRA TOTAL per month per paycheck
2007 $1,052.50 $691.50 $130.64 $822.14 $361.00 $180.50
2008 $1,094.00
monthly
difference $41.50
monthly
increase $20.76 $5.74 $20.74 $10.37
2008
premium
split $712.26 $136.38 $848.64 $381.74 $190.87
If you have any questions, please do not hesitate to let me know.