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R2015-120 AUTHORIZING CITY MANAGER TO SIGN AGREEMENT Bluecross Blueshield of Illinois
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R2015-120 AUTHORIZING CITY MANAGER TO SIGN AGREEMENT Bluecross Blueshield of Illinois
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11/4/2015 11:24:53 AM
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11/4/2015 11:24:50 AM
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Resolution/Ordinance
Res Ord Num
R2015-120
Res Ord Title
AUTHORIZING CITY MANAGER TO SIGN AGREEMENT WITH BLUECROSS BLUESHIELD OF ILLINOIS FOR ADMINISTRATION OF CITY'S GROUP HEALTH BENEFIT PLANS
Approved Date
11/2/2015
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B. Individual (Specific) Stop Loss Insurance: � Yes ❑ No <br /> If yes, complete items 1. through 6. below. <br /> 1. ❑ New Coverage � Renewal of Existing Coverage <br /> 2. Stop Loss Coverage Period: <br /> ❑ New Coverage(Select one from below): <br /> ❑ Standard: Claims incurred and paid during the Policy Period. <br /> ❑ Standard with "Run-in" included: Claims incurred on or after and paid during the Policy Period. <br /> "Run-in" includes claims paid by Policyholder's prior claim administrator: Yes ❑ No ❑ <br /> If yes, such claims must be reported by the Policyholder to the Company(Blue Cross and Blue Shield of <br /> Illinois, a Division of Health Care Service Corporation, a Mutual Legal Reserve Company)within 12 <br /> months of the Effective Date of Policy and paid by the Policyholder's prior claim administrator within 6 <br /> months after the Effective Date of Policy. <br /> � Renewal of Existing Coverage: <br /> Claims incurred on or after the original Effective Date of Policy and paid during the Policy Period. <br /> 3. Individual (Specific)Stop Loss Insurance shall apply to: <br /> � Medical Claims ❑ Vision Claims <br /> � Outpatient Prescription Drug Claims ❑ Dental Claims <br /> ❑ For Hospital Employer Groups only: Excludes % of Home Hospital Medical claims <br /> ❑ Other(please specify): <br /> 4. Individual (Specific)Stop Loss Coverage <br /> a. Individual Stop Loss Coverage equals the amount of Paid Claims for a Covered Person during the <br /> current Policy Period in excess of the Point of Attachment of$200,000 per Covered Person. Such <br /> amount shall apply for the Policy Period. ✓ <br /> Point of Attachment � Includes Claim Administrator's Provider Access Fee <br /> ❑ Excludes Claim Administrator's Provider Access Fee <br /> b. Employer's Claim Liability equals the sum of Paid Claims for a Covered Person during the Policy Period <br /> up to the Point of Attachment specified in 4.a. above. <br /> 5. Individual Stop Loss Coverage includes coverage of Run-Off Paid Claims: � Yes ❑ No <br /> The following applies if the answer to item 5. above is"Yes" (Individual Stop Loss Coverage includes coverage of <br /> Run-Off Paid Claims): <br /> a. In the event of termination at the end of the Policy Period, Individual Stop Loss Coverage shall equal <br /> the amount of Final Settlement Paid Claims that exceed the Point of Attachment specified in 4.a. <br /> above. Final Settlement Paid Claims shall equal the sum of Paid Claims for a Covered Person during <br /> the Final Policy Period and the Run-Off Period. <br /> b. In the event of termination at the end of the Policy Period, Employer's Final Settlement Claim Liability <br /> equals the sum of Paid Claims for a Covered Person during the Final Policy Period and Run-Off Period <br /> up to the Point of Attachment specified in Item 4.a. above. <br /> Settlement for the final accounting period will be described in the section of the Policy entitled <br /> SETTLEMENTS. <br /> GA-10-4.1 HCSC Rev.4/07 <br />
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