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HEALTH CARE PLAN The Board reviewed the following memo dated July 8, 1994: To: Board of County Commissioners Date: July 8, 1994 From: Jack Price Sub: Health Care Plan ----------------------------------------------------------------- On June 22, 1994, the Board of County Commissioners authorized staff to negotiate the Health Care Plan with Acordia Benefits of Florida, to be effective October 1, 1994. Other elements of the insurance program, including new features such as optional Long Term Disability insurance, optional employee and dependent life insurance, and the ability to pay for these benefits, and dependent medical insurance, through a Premium Conversion (Section 125) program, are now confirmed also. The benefits set through the "125" program. will be effective in January, 1995 because of the time required to prepare internal financial and data processing systems to accommodate them. The consultant who assisted with the project, Siver Insurance Management Consultants, will be represented at the Board meeting by Ms. Stephanie C. Sheppa, HIA, who will make a brief presentation and answer any questions from the Board. Her detailed Proposal Analysis and Recommendation is attached for your review. Also present at the Board meeting will be representatives from the new Life and Accidental Death and Dismemberment insurance carrier, GroupAmerica Insurance Company, the Long Term Disability carrier, Florida Combined Life Insurance Company, and the Group Medical Provider, Acordia Benefits of South Florida. As was reported in the June 22, 1994 agenda item, this project has resulted in a $640,611 cost reduction to the County. This permits Indian River County to continue to meet the dual objectives of the program, to provide competitive health care benefits to employees and to do so in a cost effective manner. Recommendation The Board of County Commissioners award the bids for this program to Acordia Benefits of South Florida, GroupAmerica Insurance Company and Florida Combined Life Insurance Company.- Personnel ompany.- Personnel Director Jack Price introduced the consultant and advised that OMB Director Joe Baird was available to answer any questions. He expressed appreciation for the great deal of work by members of the Employee Health Care Committee who were Ann Rankin, Personnel; Beth Jordan, Risk Manager; Joe Baird, Budget; Weezie Scheidt, Clerk's Office; and Alma Fred, Sheriff's Department. 105 BOOK PAJOOO. July 199 1994