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HomeMy WebLinkAbout32202 / 82-07T�-��,.'�;,,,„ � F� � c�z� (CARRIED PURPOSE: INITIATED BY: ;'7 I'1ST LAID OVER WITHDRAWN ) BID FOR EMPLOYEE HEALTH INSURANCE FOR 2983 CITY ADMINISTRATION BE IT RESOLVED by tfie Co�on Council of the City of Oshkosh that proper City officials are hereby authorized and directed to enter into an appropriate agreement with Wisconsin Physician Service of bfadison, Wisconsin, to provide health insurance for the employees of the City of Oshkosh pursuant to the bid and proposal submitted by WPS and as outlined on Exhibits A, B, and C attached hereto. BE ZT FURTHER RESOLVED that money for this purpose is hereby appropriated from Account p083 - Health and Welfare znsurance. SUBMITTED BY 9PPROVED �� J � � i � � . }�' : •.� . •, � .� . . �.i•. k ;i .� .� . .� i •i .� 9 CYTY OF OL..KOSH Duplication of Present Benefits • COST PLUS ` February 1, 1983 thraugh January 31, 1984 l. . Expected�Incuxred Claims * 2. Administrative�Expense . f 5:9! oE paid claims - - fi=st year, 5,9 8 of paid claims. - renewa j 3. SpeciEic Stop-los�$25�QUa 4. Agqregated Stop-loss;at 1208 • 1258 5. Remittance to Carrier 1208 125� � � Sinqle Mo. Family Mo. Aate Rate Annual $948�051 � � $55�435 � • . . .�. ' �$36�02fi $8�532 ' • $5�68$ $��pag�5qc . . \ $1,045;70t 6. .Stop-loss AttaChment `12a�. 5161�92 •�_ $161.92 �1$1�137�66] .. . Poi.nt , *'` �:. . . . 125$ $168.fi9 - . 5168,67 $1,185,U6? T.':. Expected �aid 1983/84 - Claims .s ' $948�Q51 *Claims incurred 2/1/83 through 1/31/84 and paid 2/1/83 through:l/31/SA. . • ** Attachment point is claims only- doesn't include administration �. fees, The groups maximum liability would be claims at the attachmer point plus total administration fees. ' AUTHORIZATION Writer's authorization, issued by the Com�any, to enter into tlte a3ove descrihed �nntract, is attached. � . C -. , . .. � . ; .:: ' ----"�a,a..--._ . . ... . � Respectfully submitted, D7PS IC N71ME �F FIRM B. �rvliBOiiFcNY. . - BY . P.O. BOX 1311 . ADDRESS � - . APPEETON, WI 54912 ' , . � annttst'1' cs . .• � . � Nrr�ne nan�lLC■ ta W adTlnl�arod on co�t lu• �- � � � : -� . �. S�r91e�1-n�dle.1/HO.plu1 � . ' �''^.i::,j�:�+-1-�.� M�jot'ludlt��.`' • . '. .1' . ...�.. . . . . . . . . . 1411��71Hr , . . .• _ . _ . . . ��� M+dy MNtve � � • .. � � . . � MwLnLcr�elen cn�rau . -� '. -..."-- � . . . � Mt�ntlon � �� .. ' . . . .. � . SCCP Lou/Aqqeegat� . � �'. - . .,Stop bu/Sp�ei(la • 3.t { � . . .. . . Ag�nt . t . .. . " . . . Tatal . , � ) , it � . . . ' • `� . . . . .. . Stop Lou M��l.u� . . I. . .. ' � � M9�!�7+u f �Q�\ Sp�eltle ' S �� � . , - .. � .� . . � �i�.�.�. :cov w.. h..cm�.� : 19� . - � - . lfon[hl� Ton�l�r of �uM• ' SM rou.t dw ueh �ewN vlll b. Gus..in.d ey tiw .xpoarci �[or tl+� �! ne�eC wwtA. . TYp� o! Gw�eN� � }at��. . �y Single � s (�%•(p0 � y 10�� �a�lly � . � . It 35 71 , _ � . . � .. � dlb�� �S�,n¢f , �... �. � � . • • t, %%•t�s .-_ . Q r'_ ' �J� � . . _ � i�J. . . :..��.__ � s . —�- . �,�11f.1 S."�ti '_ --� 7-- S ,�� _ . .._ _ ��.:._.:__ � I��,Bo ,_ -. � � . __..�.. _.�__._._...___.._.__.___ ... ......_:._.�_�.._.. ��.._ � ' . Ceh..:,,, �� � I �9, 57 . . . . Ba��d oe tM avataa� �xpoaurs.during th� �t r.eenC.renar+L Mtlod, tM [e•mf�r veald pu�l 3��u �hwn abovv . . • , . . Advence Depodt . . . TM ��ueC�.ount dw vlll D� d.t�n.lnad a� oC tht �-_ J-83 billlry. � Ea��d pn th� av�e�q� axpowc� during [M uo�! se�snt eemval perlod� Che deoo�lt wuld �wl f � Q u �Awn �DOVn � . _ . . -. � Cl�l.s W�ls� %�� � - � • - Nr��. : �-r-83 • th� I-3r-��! . . � . . .. . . . . � � . ►ald TArough �� .3�' O 1 . . . ` . I • � Once t�e qroup Mi ��l�c[. a Slnql�/�utly, or Cupo�iw raee �•y qL arrivinq ae,eMie . � � � , .. Wndlnq rtl+od�, tMy rlll luve co keap [Rat rsts Cor che WLnc� of eMS cenence yere. � �� �� C1+1u CA�t aw �11q1bL for p�y�enC unA�r tAe Sp�eitle Stop f.oss M+:Snus u� noe;�-� �-' . , � � .'�llqlbl� Coe p+y..ant wd�r Lh� Aqqtaa+t� Scoo f.n�s Ma:lw.. . . . - . ' . � � � . '�►ot tlq�� grou9� r1N MMt u� Coae flu�� Th� qroup vi21 D� LL�D1• [or any relCwcel�� -� � �� � � i�ttl�tines �a4 t�� pvovid�ra and�r dv NN► pm�ru. w�n lC �ucA wy.+nu �r� ud� . � , aLus t1r uncdl�elon d�c�. � _ . . � �� �.:F�l' � . �_"„'"- - - ---- --- .. . . _ � . . .i sxa2� 1983 PROJECTED FUNDItdG 1. Budget Amount $185.00 bionthly per Employee* �• Amount Remitted�to Carrier $88,000 Monthl� $156.86 Per Employee** 3. Balance to Trust Account (1 minus 2) 4. Liabilities (Trust Account) A. Estimated Incurred Claim Reserve B• Additional Stop Loss Liability C. Total 5. Balance Trust Account B Above �6. Overfund First Quarter, Estimated 7• Interest Earned * Based on Composite ** See Exhibit "B" $1,245,420 1,056,000 189,420 250,000 8 9 ,117 339,117 189,420 100,000 $ 289,000 � I , FITZGERALD CLAYTON, NOYES & KASTEN, INC. — ,