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HomeMy WebLinkAbout03/07/2012 5F AGENDA BILL CITY OF BREMERTON CITY COUNCIL 51: eeeeeeeeeeeeeeeeeeeeeeeeeeeeeaeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee■ SUBJECT: 2012 KPS Rates & Underwriting Study Session Date February 22, 2012 Criteria COUNCIL MEETING Date March 7, 2012 Department Finance Presenter Becky Hasart Phone 473 -5722 SUMMARY: Approval of KPS 2012 Rates and Underwriting Criteria and authorization of formal execution of the 2012 contracts between the City and KPS Health Plans for employee group health insurance coverage by the Mayor The new rates,which were negotiated on our behalf by our benefits consultants, Willis of Seattle, reflect an 5% rate increase above 2011 levels ATTACHMENTS: KPS 2012 Premium Rates & Underwnting Criteria FISCAL IMPACTS (Include Budgeted Amount) The 2012 Budget has adequate budgeted funds in personnel benefits for this rate increase APPROVALS: DEPARTMENT DIRECTOR ` CITY ATTORNEY FINANCE DIRECTOR MAYOR — RECOMMENDED MOTION: 1 move to approve the 2012 KPS Premium rates and Underwriting Criteria between the City and KPS, and authorize the Mayor to finalize and execute the contracts with substantially the same terms and conditions as presented STUDY SESSION ACTION: CLsent, ,A genda s ❑ General usiness ❑ Public Hearing COUNCIL PRESIDENT COUNCIL ACTION: [Approve ❑ Deny ❑ Table ❑ Continue ❑ No Action Form Updated 11/02/2011