Loading...
HomeMy WebLinkAboutMINUTES - 08191986 - 1.29 TO: BOARD OF SUPERVISORS FROM: Mark Finucane, Health Services Di ec� nwt ra @ CO^ Costa DATE: August 12, 1986 SUBJECT: Authorize Insurance for Private Members of The Contra Costa Health Plan SPECIFIC REQUEST(S) OR RECOMMENDATION(S) & BACKGROUND AND JUSTIFICATION RECOMMENDATION: Approve and authorize Executive Director, Contra Costa Health Plan, to execute on behalf of the County a contract with Great Republic Life Insurance Company of Santa Barbara to provide excess .liability insurance for private members of The Contra Costa Health Plan as more specifically detailed in the insurance policy. Term of this policy year is July 1, 1986 to June 30, 1987. FINANCIAL IMPACT: The $2.97 premium reflects the fact that the premium charged has not changed since 1984. We believe this is an unusual circumstance in the insurance industry today.. The premiums to be paid to cover the current membership of approximately 1,350 members per month will be $4,010 per month or $48,120 'annually. In FY85-86, The Health Plan received $84,000 in claims settlements under this policy; consequently, this low cost catastrophic protection should be continued.. BACKGROUND: Since The Health Plan began as a federally qualified HMO in July of 1980, Contra Costa County has purchased excess liability insurance for the members of The Contra Costa Health Plan who are private enrollees. This includes those County employees and other employees of public agencies .with whom The Health Plan has contracts, as well as private group enrollments and private individual enrollments. The current policy covers health services provided to these individuals above a $35,000 annual deductible for each individual up to a maximum lifetime benefit of $2,000,000 for each individual under certain conditions spelled out in the insurance policy. This excess liability insurance coverage appears to be a sound precaution since one or two catastrophic illnesses could easily exceed the premiums paid for. this insurance. CONTINUED ON ATTACHMENT: YES SIGNATURE: RECOMMENDATION OF COUNTY ADMINISTRATOR RECOMMENDATION OF BOARD COMMITTEE APPROVE OTHER SIGNATURE S : ACTION OF BOARD ON A 11 G_ 19 1986 APPROVED AS RECOMMENDED OTHER VOTE OF SUPERVISORS 1 HEREBY CERTIFY THAT THIS IS A TRUE UNANIMOUS (ABSENT y� ) AND CORRECT COPY OF AN ACTION TAKEN AYES: NOES. AND ENTERED ON THE MINUTES OF THE BOARD ABSENT: ABSTAIN: OF SUPERVISORS ON -THE DATE SHOWN. CC: County Administrator. ATTESTED AU'' 19 19% -- Auditor-Controller PHIL BATCHELOR, CLERK OF THE BOARD OF Health Services Director SUPERVISORS AND COUNTY ADMINISTRATOR CCHP M382/7-83 BY ,DEPUTY