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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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The Rx rebate credit is the result of plan incurrence of a greater preponderance of higher priced <br /> Rx prescriptions, resulting in the increased credit, however, offset by a higher incurrence of <br /> increased Rx claim expense. <br /> The stop loss fee increase is the result of certain medical claim costs exceeding the stop loss <br /> level. <br /> POTENTIAL OBJECTION: <br /> There are no known objections to this resolution request. <br /> INPUT FROM OTHER SOURCES: <br /> First Mid Bank/JL Hubbard Insurance and Bonds, Rick Semonis, Broker and Advisor to the City <br /> for Employee Benefit matters <br /> STAFF REFERENCES: <br /> Gregg D. Zientara, City Treasurer& Director of Finance <br /> BUDGET/TIME IMPLICATIONS: <br /> None. <br /> Page 2 of 2 <br />
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