Health Plan
September 2015
Vendors
CoreSource HealthLink MedTrak New Directions TASC Tatman Benefit Advisors, Inc. Guardian HM Life
Non-medical Comparison
GL and AD&D Current Option 2
Benefit $10,000 flat 1 time annual pay max $100,000
Rate $0.14 $0.13
Volume $3,030,000 $10,168,550
Est. Annual Cost $5,090 $15,863
Non-medical Comparison (cont)LTD Current Option 2
Benefit 60% to $4,000/Month
60% to $6,000/Month
Elimination Period 150 Days 90 Days
Pre-existing conditions
3/12 3/12
Integration Full Family Full Family
Rate (per $100 CMP)
$0.20 $0.25
Volume (CMP) $791,518 $842,034
Est. Annual Cost $18,996.43 $25,261.02
Funding Rates for 2016
2015 Projected 2016
Employee $454 $469 Board Paid
Spouse $478 $494 Personal Pay
Children $319 $330 Personal Pay
3.4%
Base Plan
Funding Rates for 2016 (cont)
2015 Projected 2016
Employee $487 $504 Board Paid
Spouse $507 $524 Personal Pay
Children $339 $351 Personal Pay3.4%
Buy-Up Plan
Committee Consensus
For Plan Year 2016 it was the consensus of the Benefits Committee to:
1. Discontinue the current wellness program2. To increase:
1. Life Insurance and AD&D to 1X annual pay-maximum of $100,000
2. LTD at 60% compensation to $6000 with a 90 day waiting period
3. To maintain 2015 rates for 2016 pending embedded benefits
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