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 #41 Title APPROVAL OF 2014 GROUP MEDICAL RENEWAL Description Florida Blue has proposed an aggregate rate increase of 8.71% across the four plans offered by the district. This increase was due to Affordable Care Act (ACA) plan requirements and fees, the Sarasota County School Board trend of 6.1% and retention of 10% premium or approximately $190,000. The estimated 2014 calendar year total plan cost [district paid & employee paid] based on enrollments as of August 2013 is $38,235.291. This is an increase of $3,064,254 or an aggregate of 8.71%. The estimate does not include retirees or Cobra.
Recommendation That the Board approves the 2014 Group Medical renewal as presented. Contact WHITE & CORCORAN/PETERSON Financial Impact N/A Attachment: 2014 Florida Blue Rates.pdf Attachment: Group Medical Ins Renewal Agenda (3).pdf |