e|agenda.NET Sarasota County Schools |
THE SCHOOL BOARD OF SARASOTA COUNTY, FLORIDA Landings Administrative Complex 1980 Landings Blvd. 3:00 P. M. |
Agenda Item #39 Title APPROVAL OF CALENDAR YEAR 2009 GROUP MEDICAL INSURANCE RENEWAL WITH BLUE CROSS BLUE SHIELD OF FLORIDA Description The Calendar year 2009 group medical insurance rates for Blue Cross Blue Shield of Florida will increase an average of 5% after the adoption of the negotiated medical plan design changes. The rate increase is a result of our group claim experience and medical trend (inflation), which has been running 10% to 12%. Aon Consulting and the district's Risk Manager reviewed all the renewal underwriting assumptions and negotiated with Blue Cross Blue Shield of Florida to arrive at the requested average 5% rate increase. Following the adoption of the plan design changes and the elimination of the dependent medical premium subsidy adopted in 2006, the cost to the district for the 2009 calendar year is estimated to decrease by $1,254,193 which is Recommendation That the School Board of Sarasota County approves the renewal of the four district sponsored medical insurance plans from Blue Cross Blue Shield with an average rate increase of 5% for calendar year 2009 as presented. Contact WHITE & CORCORAN/PALMER Financial Impact -3.64% cost decrease estimated at $1,254,193 Attachment: BCBSFL Renew 2009_memo 2.pdf Attachment: 2009 BCBSFL Renewal Letter.pdf Attachment: Med Rates 2008.pdf Attachment: 2009 Med Rate.pdf Attachment: Aon 2009 Medical Plan Renew.pdf |