Sarasota County Schools
Agenda Item #34
Title
APPROVAL OF CALENDAR YEAR 2011 GROUP MEDICAL INSURANCE RENEWAL WITH BLUE CROSS BLUE SHIELD OF FLORIDA
Description
The calendar year 2011 group medical insurance rates for Blue Cross Blue Shield of Florida will increase 10.5% for all plans offered. The rate increase is a result of our group claim experience, health care reform, and medical trend (inflation), which has been running 10.9%. 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 10.5% rate increase. The additional cost to the district for the 2011 calendar year is estimated to be $3,495,354 or 10.5%.
Recommendation
That the School Board of Sarasota County approve the renewal of the four district-sponsored medical insurance plans from Blue Cross Blue Shield with a rate increase of 10.5% for calendar year 2011 as presented.
Contact
WHITE & CORCORAN/PALMER
Financial Impact
The cost for January 1, 2011 - June 30, 2011 is estimated at $31,000.
The total contract cost for January 1, 2011 - December 31, 2011 is approximately $3,495,354.
Attachment: BCBSFL 2011 Renewal.pdf