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R2020-149 Resolution Authorizing Agreement with BlueCross BlueShield of Illinois for Administration of the City Group Health Benefit Plan for Calendar Year 2021
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R2020-149 Resolution Authorizing Agreement with BlueCross BlueShield of Illinois for Administration of the City Group Health Benefit Plan for Calendar Year 2021
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10/27/2020 3:27:41 PM
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10/27/2020 3:27:40 PM
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Resolution/Ordinance
Res Ord Num
R2020-149
Res Ord Title
R2020-149 Resolution Authorizing Agreement with BlueCross BlueShield of Illinois for Administration of the City Group Health Benefit Plan for Calendar Year 2021
Department
Finance
Approved Date
10/19/2020
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10k00 : <br /> 067 ���Xlf <br /> City Of Decatur <br /> ASO Projection <br /> January 1,2021-December 31,2021 <br /> 1/1/2021 ASO Medical Renewal <br /> CONDITIONS AND CAVEATS <br /> Please refer to the ACA Disclaimer regarding benefits and final pricing. <br /> HCSC's current estimate of the rebates it will receive from the PBM,for drugs covered under the medical benefit on an aggregate basis for the policy period,is approximately$1.10 per <br /> employee per month. <br /> The Administrative charge includes a network access fee for employees residing in HCSC service areas(IL,MT,OK,NM,TX). Claims incurred outside HCSC service <br /> areas through the BlueCard program may be assessed a BlueCard access fee of no more than 3.79%of the discount applied,not to exceed$2,000 per claim.An estimate <br /> of this access fee is included in our projected claim figures. <br /> This quote is contingent upon the account signing new contract documents in a timely manner.If not signed,then HCSC may withdraw and/or revise the quote. <br /> Pharmacy Rebate Credit includes estimate of rebates for all categories of drugs,including specialty drugs,based on our book of business. <br /> If the prescription drug program is not administered by Prime today but is awarded the administration of the prescription drug program,the medical claim cost will be reduced due <br /> to the integration of the medical and prescription drug program. <br /> We reserve the right to revise or withdraw our offer if,at any time during the projected coverage period: <br /> -The actual number of enrolled contracts(in total,by product,or by benefit plan),the Single/Family mix,or the Medicare/Non-Medicare mix varies by+/-10%from our projections. <br /> -The information upon which our projections were based(benefit levels,census/demographics,commissions,etc.)becomes outdated or inaccurate. <br /> Wellbeing Management(Health Management&Advocacy program)is included in the quoted administration fee. <br /> Lock-In requirements for all stop loss proposals and renewals as follows: <br /> Stoo Loss quotes/renewals released 10 or more months prior to effective date: <br /> -All such offers are illustrative and cannot be locked in. See note below. <br /> -Stop Loss quotes/renewals released 4 to 9 months prior to effective date: <br /> -Can be locked in(via written acceptance)up to 45 calendar days after quote is released. <br /> -After 45 calendar days without written acceptance,those offers become illustrative.See note below. <br /> -Stop Loss quotes/renewals released within 3 months prior to effective date: <br /> -Can be locked in at any time prior to effective date.(Stop Loss cannot be purchased after the policy period begins.) <br /> Note:For quotes/renewals that are illustrative or otherwise not locked in,HCSC will require/review updated claim data which is within 120 days of the quoted effective date. <br /> A revised and final stop loss quote/renewal will be issued at that time. <br /> Projected Net Paid Claims for non-HMO Medical coverages on these exhibits include Estimated Value Based Care Payments and Savings. <br /> Value Based Care payments apply to Stop Loss Coverage. <br /> BCBSIL retains the right to recoup monetary credits provided,any remaining implementation costs,shared savings or PG incentive fees from the plan sponsor in the event of early termination <br /> of the proposed coverage or contract,either in its entirety or with respect to certain custom services or programs included in this offer. <br /> If a third party stop loss carrier is selected,a Third-Party Stop Loss Carrier fee will apply. <br /> Offer is contingent upon proposed Wellbeing Management package design. Any modifications to the proposed package <br /> will impact the Wellbeing Management fee and Administrative Fee. <br /> Administration Fee assumes Monthly claim funding. <br /> Proprietary and Confidential Information of BCBSIL <br /> Not for use or disclosure outside BCBSIL,Employer,their respective affiliated companies and third-party representatives,except with written permission of BCBSIL. <br />
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