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A Resolution Approving the 2027 Employee Health, Dental, Vision, Life, Accidental Death and Dismemberment, Accident, and Critical Illness Insurance Providers’ Plan Designs and Premiums and Authorizing Their Execution
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Introduction
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This is an annual agenda item to approve various contract providers for the 2027 Employee Health, Dental, Vision, Life and Accidental Death and Dismemberment Insurance, Voluntary Worksite Benefits (Critical Illness and Accident), and Excess Loss Insurance with Blue Cross Blue Shield.
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Recommended Action
Adopt the Resolution
Prior Board Action
The Board has taken the following prior action(s):
The Board adopted the health insurance renewal for 2026 on October 21, 2025.
The Board adopted the health insurance renewal for 2025 on October 22, 2024.
The Board adopted the health insurance renewal for 2024 on October 16, 2023
The Board adopted the health insurance renewal for 2023 on October 17, 2022
Background
This is an annual agenda item to approve various contract providers for the Village’s health insurance program, which includes Health, Dental, Vision, Life, and Accidental Death and Dismemberment (AD&D) Insurance, Voluntary Worksite Benefits including Critical Illness and Accident, and Excess Loss coverage with Blue Cross Blue Shield (BCBS) of Illinois.
The proposed 2027 Employee Benefit plan includes the following:
Health Insurance, including Prescription Drug Coverage through Blue Cross Blue Shield of Illinois: (See Exhibit A for premiums)
Renewal projections from BCBS are based on a two (2)- year look-back at Village healthcare claims from August 1, 2024, through July 31, 2026. Claims analysis and excess loss utilization by the Village’s participants, in addition to general volatility in the healthcare market at large, drove a significant premium rate increase for the 2027 plan year. The Village’s broker took the health insurance program to market and received no alternativ...
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