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 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 |