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 #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.
Attachment: BCBSFL 2011 Renewal.pdf |