Sarasota County Schools
Agenda Item #42
Title
APPROVAL OF CALENDAR YEAR 2013 GROUP MEDICAL INSURANCE RENEWAL WITH FLORIDA BLUE
Description
The calendar year 2013 group medical insurance rates for Florida Blue will decrease by 2% for all plans offered. The rate decrease is a result of our group claim experience, health care reform, and medical trend. Aon Consulting and the district's Risk Manager reviewed all the renewal underwriting assumptions and negotiated with Florida Blue to arrive at the requested rate decrease. The total estimated District cost for the 2013 calendar year is estimated to be $30,809,939, a decrease of $622,635. In addition the medical rebate received in July 2012 will be applied to additionally offset premiums for 2013 for a total decrease of 4.2%.
Recommendation
That the Board approves the renewal of the four sponsored medical insurance plans from Florida Blue with a rate decrease of 2% for the calendar year 2013 as presented.
Contact
WHITE & CORCORAN/PETERSON
Financial Impact
-$622,635.
Attachment: Group Medical Ins Renewal.pdf