9 / 63
Summary of 2017 Renewals
Medical Renewal
Initial BlueCross renewal:
•
3% increase to fixed costs
o
2% increase to admin fees
o
2% increase to network access fees
o
(96%) decrease in ACA taxes and fees
•
18% Increase to pooling premium.
•
0% increase to maximum claim liability.
The pooling contract must mature to 24/12
The 2017 suggested funding (max and fixed costs) was (-8.2%)
decrease.
BlueCross increased wellness fund from $10,000 to $15,000
Contributions:
•
Employee contribution rates remained the same.
•
USE increased their contributions to employee's HSA’s to
$600/$1,000/$1,700
Dental Renewal
Initial Delta Dental of Missouri renewal calculation called for 21.9%
increase.
Released renewal was negotiated to 9.9%
Plans were marketed and there were competitive options.
Final decision was to renew with Delta Dental with a final increase of
7.5% and no plan changes.
Vision Renewal
Vision plan was under rate guarantee until 2018.
Life/AD&D/LTD
The Cigna renewal was the first off of a 3-year rate guarantee.
•
Life increase was 26%
•
LTD increase was 30%
Plans were marketed and competitive options were received.
•
Move Life/LTD plans to Hartford with a (-26%) decrease to
current premium.
Voluntary Critical Illness, Accident
and Cancer
Plans remained with Assurant/Sun Life with no changes.
Employee Assistance Program
Added employee assistance program effective 11/1/2016
9