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HomeMy WebLinkAboutResolution 27-1995 ,�► z . RESOLUTION NO. 27-95 � AUTHORIZING THE TRANSFER OF THE EMPLOYEE HEALTH PLAN TO SOUTH DAKOTA BLUE SHIELD. NOW, THEREFORE, BE IT RESOLVED that the City Commission of the City of Brookings hereby approves the transfer of the Employee Health Care Plan from Blue Cross Blue Shield of South Dakota to South Dakota Blue Shield effective May 1, 1995, with a rate guarantee through December 31, 1996 and the addition of a Family Out-of-pocket Maximum of$2,200.00 per year. Passed and approved this l lth day of April, 1995. ,�-t•��; Mayor A��;�:#��;�'��s,; t� �� '�cr � {�� ,� � ,.;x � l�AR �' f �-: � " ?1J� o+�r� `'��9�:�� �'� �m\�:' � .,r�,��� e� ,�'• . �;' Finance Officer � ' � . s U �Lu� �nt�i.1� �1002/002 . r c _ 'a.; ,;�ar•' ` k wanw� F'.� � � E.^,[J.D'���n/:-".� �\I�' '�J',� l C��•r ,w,�J M ��?1 l':y. F:'_ . ..�. � ! ' � J N;� Y;f i k. r,� ;;���.i G, �� ,,. ,`�, .�„� ; '�'� �.'� �,.,� �t._..r ,., �.J ,.�.' �,-�^''6�[1�'•3`�� �J'�� E..`I'�.e'w f i=a .•�ee:��'- I����_..,..i:•,.:• 18G1 W�ST MADtSON STREET SIOUX FALLS,SOUTH DAKOTA 57104 � BexX.JoAssor+.l�rNident TELEPHONE 338-1878 11pri16, 1995 Tracy Bjorklund City of Brookings City Fx�ance Qffice P.O. Box Z7Q Brookings, SD 57Q06 Dear Tracy: This letter is to confirna our discussion yesterday regarding th�City of Bzoo�Cings choosing Sout� Dakota.Blue Shield to provide health xnsurance to your emplayees and depcndcnts. '�'he benefit plan is eacactly as prescnted to the City Cozn.missioners and would reflect a$2200 family out-of packet maximum benefit. � The ratcs will be guarantecd unti112-31-96. Furthermore, South Dalcota Blue Shield will uz�derwrite the,pro�ram pnior to the effective date for risk assessments. If South]�akota�Blue Shield has a surplus after ex�enses are paid,Blue SZ�ie�d uvill refund the diffez�ez�ce in the farm of a check 30 days after the p�an year is complcte. Z;�f a loss occurred during that period,Blue Shie�d will apply the loss aceordin�to our underwritaz�g methodology. Tracy, I h�ve recalculated the rates. They are as follows: Sin�le Fa ' Em�l�c yee/S o�u.ce Em�loyee.IMinor De�endent �104.39 $277.04 $223.21 $179.I 9 Vl�e truly appz�eciate you choosing 8outh Y7al.ota Blue Shield. lf there aze any questions.please don't k�esitate to call myself or I�on Pratt. . Thank you. Sinceze�y, ,�_..... .�2��r � STEV�N F. VLK - CHIEF MARKEI"rNG E�CUTTVE