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HomeMy WebLinkAboutMINUTES - 01231990 - 1.75 1-075 1'�► TO- BOARD OF SUPERVISORS FRCM: Harry D . Cisterman , Director of Personnel Contra CostaDATE: January 3 , 1990 ( SUBJECT; lst Choice Health Plan - Stop -Loss Insurance SPECIFIC REQUEST(S) OR RECOMMENDATIONS) & BACKGROUND AND JUSTIFICATION i RECOMMENDATION Authorize the County Administrator/Director of Personnel to enter into a contract for the purchase of stop loss insurance coverage for the County's self-funded health plan, 1st Choice with The , Hartford Life and Accident Insurance Company, at, rates not to exceed those referenced below on behalf of the County and its special districts. The stop loss coverage will be effective January 1 , 1990. Upon approval of this Board Order, the County Administrator/Director of Personnel is authorized to issue the January premium payment in the amount of $31 ;976.01 . FINANCIAL IMPACT The stop loss monthly premium rate is $8.05 per employee participant and $15 .44 per dependent unit. The amount needed for this fiscal year is approximately $282,000. A $200,000 appropriation has already been approved. The. remaining premium amount will be taken from the Ist Choice Health Plan reserve fund. Due to the cancellation of HEALS, an additional appropriation will be required to fund the stop loss premium expense for those HEALS members converting to the 1st Choice Health Plan. BACKGROUND The Board of Supervisors under Board Resolution #87/760 approved the implementation of the County self-funded health plan 1st Choice. In con- sideration of the fiscal implications of insuring a self-funded health plan, the Board of Supervisors. directed the County Administrator/Director of Personnel to investigate. the need . for the purchase of stop loss coverage. The investigation resulted in a determination that stop loss insurance coverage is fiscally appropriate. This Board Order is necessary to provide that coverage and super- cedes prior Board Order Action of November 14 , 1989. CONTINUED ON ATTACHMENT: YES SIGNATURE: RECOMMENDATION OF COUNTY ADMINISTRATOR RECOMMENDATION OF BOARD COMMITTEE APPROVE OTHER - SIGNATURE(S): ACTION OF BOARD ON JAN q 1q& APPROVED AS RECOMMENDED X OTHER _ VOTE OF SUPERVISORS HEREBY CERTIFY THAT THIS IS A TRUE UNANIMOUS (ABSENT ) 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. Originating Separtment : Personnel JAN 9 1990 CC: County Administrator ATTESTED Auditor-Controller PHIL BATCHELOR, CLERK OF THE BOARD OF C o un t y Counsel SUPERVISORS AND COUNTY ADMINISTRATOR BY (/ � IJ///� ,DEPUTY M382/1-83 --