Submitted By
Kira Tchang, Assistant Village Manager/HR Director
Reviewed By
AMZ
Agenda Item Title
Title
A Resolution Approving the 2022 Employee Health, Dental, Vision, Life, and Accidental Death and Dismemberment Providers' Plan Designs and Premiums and Authorizing Their Execution
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Overview
Overview
This is an annual agenda item to approve various contract providers for the 2022 Employee Health, Dental, Vision, Life and Accidental Death and Dismemberment Insurance, Voluntary Worksite Benefits, and COBRA administration with Blue Cross Blue Shield (BCBS).
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Recommendation
Recommendation
Approve the Resolution.
Fiscal Impact
The proposed 2022 Employee Benefits plan includes:
Health Insurance with Blue Cross Blue Shield of Illinois (See Exhibit A for premiums).
There are no changes to coverage or rates for the 2022 plan year.
Optional Dental Insurance with Delta Dental (See Exhibit A for premiums).
Premiums for optional dental insurance are paid 100% by the employee. Rates remain the same from 2021 as we remain in the second year of a two-year rate lock as approved by the Board of Trustees previously.
Optional vision Insurance with VSP (See Exhibit A for premiums).
Premiums for optional vision insurance are paid 100% by the employee. Rates remain stable with a 0% increase from 2021 as we remain in a multi-year rate lock as approved by the Board of Trustees previously.
Optional Worksite Benefits: Mutual of Omaha
Optional worksite benefits through MetLife were previously implemented in 2020. Customer Service and Administrative challenges existed related to the plans. In 2022 the Village shall transition worksite benefits including Critical Illness and Accident Insurance to Mutual of Omaha, the current Life and Disability coverage provider. Employees shall have the option to elect Mutual of Omaha plans or port existing MetLife coverage including Hospital Indemnity or MetLaw and continue coverage directly with the provider.
Background
This is an...
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