HomeMy WebLinkAbout33631 / 85-11October 17, 1985 # 11 RESOLUTION
(CARRIED LOST LAID OVER WITHDRAWN )
PURPOSE: PROPOSAL FOR EMPLOYEE HEALTH INSURANCE FOR 1986
INITIATED BY: CITY ADMINISTRATION
BE IT RESOLVED by the Common Council of the City o£ Oshkosh
that the proper City officials are hereby authorized and directed
to enter into an appropriate agreement with Wisconsin Physician
Service (WPS) of Madison, Wisconsin, to provide health insurance
for the employees of the City of Oshkosh pursuant to the proposal
submitted by WPS and as outlined in the material attached hereto.
BE I^1 FURiHER RESOLVED that money for this purpose is hereby
appropriated from Account #083 -- Health and Welfare Insurance.
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SUBMITTEP, BY
APP?t04;;D
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WI`i::�JN;:iIN pHYSiC:ANS SFS'JICE
Mr. Norbert Svatos
Personnel Director
City of Oshkosh
600 W. 9th Street
Oshkosh, WI 54901
Dear Mr. Svatos:
RESOLUTION # 11
Wisconsin Physicians Service has analyzed the claims experience
for the City of Oshkosh employees health insurance. We have
determined that for the contract year February 1, 1986 through
January 31, 1987 the following factors will apply to the
Cost Plus arrangement for HMP benefits on a paid claim basis:
Administration
Retention
Aggregate Stop Loss @ 120$
Specific Stop Loss @ $25,000
Use of Funds
Aggregate Stop Loss
Specific Stop Loss
4.2�
0.8
7.3
1.0
13.3�
$ 2,438.26
$25,000.00
When the final accounting is calculated, the aggregate stop
loss maximum, $2,438.26 times the average number of monthly
contracts plus the administration charges, will be used to
determine the ultimate liability. If the subscriber count
varies significantly, the maximum liability will change
proportionally. These rates should be used only as a guide
and not as absolute factors.
We at WPS appreciate your account and will do our utmost
to continue to provide the benefits and service which you
desire. If y��, have any q�testions, I wv uld appreciate hearinq
from you.
SincErely,
�_:� ,�
.�, %' ; . � ,�,� ,u�.
Jeff�ev M. Prickette
Special Group Consultant
Appleton District Office
JMP/sma
cc: Mr. E. Thomas Powers
Fitzgerald, Clayton, Noyes & Kasten, Inc.
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Corporate Address-17�7 W_ Broadway � Madison. WI 53708 �(608� 221-471�
Appleton District Oifice-3033 W. Spencer Street � P.O. Box 1311 � Appleton, WI 54912 �(414) 733-6857
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