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 #45 Title APPROVAL OF CALENDAR YEAR 2010 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 7.5%. The rate increase is a result of our group claim experience and medical trend (inflation), which is 10.5%. 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 7.5% rate increase. The cost to the district for the 2010 calendar year is estimated to increase by $2,417,017 which is 7.5%. Recommendation That the School Board of Sarasota County approve the renewal of the four district sponsored medical insurance plans from Blue cross Blue Shield of Florida with the rate increase of 7.5% for calendar year 2010 as presented. Contact CORCORAN & PALMER Financial Impact Fiscal Year 2009-2010: 3.75% cost increase estimated at $1,208,508. Attachment: BCBSFL Renew 2010_memo.pdf |