Sarasota County Schools
Agenda Item #45
Title
APPROVAL OF CALENDAR YEAR 2008 GROUP MEDICAL INSURANCE RENEWAL WITH BLUE CROSS BLUE SHIELD OF FLORIDA - COMMENT - CT
Description
The Calendar year 2008 group medical insurance rates for Blue Cross Blue Shield of Florida will increase 6%. 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 6% renewal increase. The increased 2008 calendar year cost to the district is estimated at $1,918,379.
Recommendation
That the School Board of Sarasota County approve the renewal of the four district sponsored medical insurance plans from Blue Cross Blue Shield at an increase of 6% for calendar year 2008 as presented.
Contact
LEMPE & WEIDNER/PALMER
Financial Impact
6% increase over 2007, or approximately $1,918,379
Attachment: BCBSFL Renew 2008.pdf
Attachment: BCBSFL 2008 Renewal Letter 8_31_07.pdf
Attachment: Aon 2008 Medical Renewal 8_31_07.pdf
Attachment: 2008 Med Renewal Cost Comp.pdf
Attachment: Med Rates 2008.pdf
Attachment: Med Rates 2007.pdf