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File #: 21-508    Version: 1
Type: Consent Agenda Status: Agenda Ready
File created: 9/15/2021 In control: City Council
On agenda: 9/28/2021 Final action:
Title: Consider extending the current contracts with BlueCross BlueShield (BCBS) for the purpose of providing health care insurance coverage for City of Lawton retirees over the age of 65 for an additional year, as authorized by the contract.
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ITEM TITLE:

Title

Consider extending the current contracts with BlueCross BlueShield (BCBS) for the purpose of providing health care insurance coverage for City of Lawton retirees over the age of 65 for an additional year, as authorized by the contract.

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INITIATOR:  Human Resources Director, Craig Akard

 

STAFF INFORMATION SOURCE:  Human Resources Director, Craig Akard

 

BACKGROUND: The City of Lawton is currently under contract through December 31, 2021 for Retiree over 65 health insurance with BCBS.  The proposed contract extension includes an overall premium decrease.  BCBS has agreed to an extension with the same terms and conditions that are current in effect.  The premium decreases are depicted below:

Stop Loss                                    
Current                                            New
                                                     Premium Rates                               Premium Rates

Medicare Supplement Plan F       $227.55                                            $222.00
Rx PDP Plan                                $226.20                                            $218.00
TOTAL                                        $453.75                                            $440.00

 

EXHIBIT:  Contracts are on File in the City Clerk’s Office

 

KEY ISSUES:  Does the City of Lawton wish to extend the contracts with BlueCross BlueShield for an additional year to include the overall premium decrease?

 

FUNDING SOURCE:  N/A - Premiums are paid solely by the retiree

 

STAFF RECOMMENDED COUNCIL ACTION:  Approve extending the current contracts with BlueCross BlueShield for the purpose of providing health care insurance coverage for eligible City of Lawton retirees over the age of 65 for an additional year, as authorized by the contracts.