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HomeMy WebLinkAbout2019 Resolution No. 069RESOLUTION NO. 69 SERIES OF 2019 A RESOLUTION ACCEPTING A LETTER AGREEMENT WITH KAISER FOUNDATION HEAL TH PLAN OF COLORADO. WHEREAS, Health care benefits are a key component of the City's total employee compensation package and are essential to attract and retain the most talented and dedicated employees; WHEREAS, Proposals for provision of health insurance benefits were solicited in 2019, and after lengthy negotiations, staff determined that Kaiser Permanente [Kaiser], through the Kaiser Foundation Health Plan of Colorado, offered the best combination of sustainable cost and high­ quality health care services through a three-year commitment, with a flat 6% increase in year 2, and an increase not to exceed 7% in year 3; WHEREAS, Kaiser s proposal also provides for an implementation credit of $650,000 over three years, further reducing the City's expense· and WHEREAS, The City Council approved a budget on October 21, 2019 allowing for expenditures for employee benefits in alignment with the proposal offered by Kaiser. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ENGLEWOOD, COLORADO, AS FOLLOWS: Section I. The Englewood City Council hereby accepts the Letter Agreement with Kaiser Foundation Health Plan of Colorado, as attached hereto and incorporated herein. ADOPTED AND APPROVED this 2nd day of December, 2019. ATTEST: I, Stephanie Carlile, City Clerk for the City of Englewood, Colorado, hereby certify the above is a true copy of Resolution No. 69, Series of 2019. arli le, City Clerk October 28, 2019 Dorothy Hargrove Deputy City Manager City of Englewood 1000 Englewood Parkway Englewood, CO 80110 Re: Letter of Agreement between City of Englewood (Group #47507) and Kaiser Foundation Health Plan of Colorado Dear Dorothy: This Letter of Agreement serves as an addendum to the Group Agreement between City of Englewood ("Group") and Kaiser Foundation Health Plan of Colorado, effective for the contract years beginning January 1, 2020, January 1, 2021 and January!, 2022. The following provisions apply to and shall upon execution of this document be fully incorporated into the Group Agreements for contract years 2020, 2021 and 2022: Proposal Package Enclosed is the proposal package for Group. It includes a total transition credit of $650,000. The credit will be distributed over three years. The group will receive a $218,000 credit in January 2020, $216,000 credit in January 2021, and the final $216,000 credit in January 2022. In addition, we are pleased to offer Group a Multi-Year Rate Guarantee (MYRG). The proposed rates with the MYRG and offering conditions for the January 1, 2020-December 31, 2022 contract year are shown below: DHMO$500 $584.39 $619.45 $1,285.66 $1,362.80 Ded/ 10% Coin E +2 or more $1,928.49 $2,044.20 HDHP$2800 E $486.62 $515.82 Not to Exceed 7% $1,070.56 $1,134.79 Ded/0% Coin E +2 or more $1,605.85 $1,702.20 E $692.77 $734.33 Not to Exceed 7% POSP!an E $1,524.08 $1,615.52 $2,286.12 $2,423.29 MYRG offering conditions and assumptions: 1. The MYRG cap applies to the current plans and any possible alternates offered. 2. The MYRG reflects an increase of 6% for the 2021 renewal and a possible maximum of 7% for 2022 (for 2022 should actual calculations generate less than the 7%, the calculated renewal will be applied.) 3. Any change in rate structure, eligibility requirements, contribution strategy, or anniversary date during the contract period needs to be discussed with Kaiser Permanente. The intent is to discuss how the changes will impact future renewals. 4. There can be no material change in the demographic factor. (Material is defined as a I 0% change). . There can be no material change in the location(s). (Material is defined by the company moving and it affects 10% or more of the population.) 6. Kaiser Permanente will be sole carrier. 7. All offering conditions and assumptions outlined on the Assumptions Page attached to the 2020 proposal package. 8. Impact of any State or Federal benefit mandates are precluded from this rate guarantee and will be considered separate from this offering. 9. Our proposed rate guarantee assumes the federal Health Insurance Provider (HIP) fee will be reinstated as of January 1, 2020 (the fee was suspended by the federal government for calendar year 2019). If the HIP fee is suspended again for 2020 ( or future years as applicable) our proposed rate guarantee will be revised downward accordingly. We look forward to continuing our relationship with Group in the years to come. If you have any questions, I can be reached directly at 303-957-6679. To confirm your acceptance of the tenns of this letter, please sign and date a copy of this letter. Regards, Matt Kirkland X {/ Cory Foreman City of Englewood City Representative Vice President, CMSBD