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COMPARISON OF OTHER JURISDICTIONS <br />City of Vero Beach <br />IRC School Board <br />Indian River Memorial Hospital <br />State of Florida <br />St. Lucie County <br />Martin County <br />City of Melbourne <br />Indian River County <br />Funding <br />17 --- <br />Premium <br />_ J <br />Premium for <br />Premium for <br />Amount <br />Single <br />Married <br />$160,000 <br />Employee <br />Employee <br />Deductible <br />72.63 <br />205.00 <br />200/400 <br />110.00 <br />240.00 <br />200/400 <br />94.00 <br />94.00 <br />56,000 <br />114 <br />+ 83.00 per dependent <br />90.00 <br />205.00 <br />100/200 <br />80.69 <br />0 <br />100 per person <br />90.00 <br />238.09 <br />100/200 <br />92.75 <br />258.95 <br />150/300 <br />85.45 <br />221,22 <br />200/400 <br />This will require insurance cost to be increased in the amount of: <br />Money will need to be transferred from contingencies in each <br />f and. <br />Recommendation <br />Staff recommends the Board of County Commissioners approve the <br />contract with American General and authorize the increase in health <br />insurance premiums on an interim basis until such time as the <br />insurance consultant can review them. <br />Administrator Balczun advised that this item would authorize <br />the Chairman to enter into an agreement to extend our annual <br />contract with our third -party administrator for the current <br />fiscal year. Gulf Life administers our self-insured trust fund <br />with respect to medical, surgical, and major medical costs. He <br />explained that there are 3 items we look at when we deal with a <br />self-insured trust: <br />1. Third -party administration costs <br />2. Cost of stop loss insurance. <br />3. Prem i«ms <br />. ���7 25 BOOK .7®, PAGE 27 <br />Fund <br />Amount <br />001 <br />General Fund <br />$160,000 <br />004 <br />M.S.T.U. <br />60,000 <br />107 <br />Housing Authority <br />800 <br />108 <br />Rental Assistance <br />2,000 <br />111 <br />Road and Bridge <br />56,000 <br />114 <br />South County Fire <br />30,000 <br />.411 <br />Landfill <br />12,000 <br />418 <br />Golf Course <br />9,000 <br />441 <br />Building Department <br />10,000 <br />471 <br />Utilities <br />20,000 <br />501 <br />Fleet Management <br />8,000 <br />173 <br />Petition Paving <br />8,000 <br />Money will need to be transferred from contingencies in each <br />f and. <br />Recommendation <br />Staff recommends the Board of County Commissioners approve the <br />contract with American General and authorize the increase in health <br />insurance premiums on an interim basis until such time as the <br />insurance consultant can review them. <br />Administrator Balczun advised that this item would authorize <br />the Chairman to enter into an agreement to extend our annual <br />contract with our third -party administrator for the current <br />fiscal year. Gulf Life administers our self-insured trust fund <br />with respect to medical, surgical, and major medical costs. He <br />explained that there are 3 items we look at when we deal with a <br />self-insured trust: <br />1. Third -party administration costs <br />2. Cost of stop loss insurance. <br />3. Prem i«ms <br />. ���7 25 BOOK .7®, PAGE 27 <br />