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R2024-342 Resolution Authorizing Agreement and Amendment with BlueCross BlueShield of Ilinois for Administration of the City Group Health Benefit Plan for Calendar Year 2025
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R2024-342 Resolution Authorizing Agreement and Amendment with BlueCross BlueShield of Ilinois for Administration of the City Group Health Benefit Plan for Calendar Year 2025
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Last modified
11/6/2024 4:59:41 PM
Creation date
11/6/2024 4:59:39 PM
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Resolution/Ordinance
Res Ord Num
R2024-342
Res Ord Title
R2024-342 Resolution Authorizing Agreement and Amendment with BlueCross BlueShield of Ilinois for Administration of the City Group Health Benefit Plan for Calendar Year 2025
Department
Finance
Approved Date
11/4/2024
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First Mid Bank bid out all lines and moved our entire benefit lines to BlueCross BlueShield in 2024 to help keep price increases to <br /> a minimum and receive a higher rebate. <br /> Further benefiting reduced costs for claims overall is the City Healthcare Clinic which was implemented in September 2021 and is <br /> continuing to deliver cost reductions processed through BlueCross B1ueShield. <br /> Amendment 2 to the original agreement with BlueCross B1ueShield updates industry definitions and does not substantially change <br /> the agreement. <br /> POTENTIAL OBJECTIONS: None anticipated. <br /> INPUT FROM OTHER SOURCES: <br /> First Mid Bank,Rick Semonis,Advisor to the City for Employee Benefit matters <br /> STAFF REFERENCE: Ruby F. James,City Treasurer&Chief Financial Officer Brian Hastings,Risk Manager <br /> BUDGET/TIME IMPLICATIONS: Cost increases are incorporated in the 2025 budget. <br /> ATTACHMENTS: <br /> Description Type <br /> Resolution Resolution Letter <br /> ASO and Amendment 2 with Blue Cross and Blue Shield Backup of Illinois P Material <br />
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