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contribute for this voluntary benefit and there is no budgetary impact. The County is satisfied <br />with the dental benefits provided under Ameritas. <br />FUNDING <br />The Mutual of Omaha renewal for the employer paid benefit of life insurance has a total <br />budgetary impact of $13,272 to include all constitutional offices for over 1,423 lives with a <br />volume of $76,601,392 in coverage equating to an increase of 7.1%. It is expected that if the <br />County were to market this benefit, the rate increase would well exceed the 7.1% based on claims <br />history for the life insurance benefit. The life insurance premiums are budgeted in the individual <br />departmental budgets. <br />The renewal rate,for child life insurance has an impact of $176 based on $3,630,000 in coverage <br />for 363 insureds. The total annual child life premium is paid by employees and will increase from <br />$2,635 to $2,811 annually for all constitutional offices. This equates to a 6.7% rate increase. <br />The renewal rate for retiree life insurance has an impact of $2,933 based on $5,248,000 in <br />coverage for 389 retirees. The retiree life premium is paid by retirees and will increase from <br />$41,068 to $44,001 annually for all constitutional offices. This equates to a 7.1% rate increase. <br />Funding for the dental insurance is paid by employee contributions. There is no rate increase <br />and no plan changes proposed for the dental insurance benefits through Ameritas. The dental <br />coverage through Ameritas is offered to employees of the Board of County Commissioners, Tax <br />Collector, Property Appraiser, Clerk of Court, and Supervisor of Elections. <br />RECOMMENDATION: <br />Staff respectfully requests the Board of County Commissioners approve the renewal agreement <br />for basic life, voluntary life, voluntary retiree life, voluntary long-term disability with Mutual of <br />Omaha with a two year rate guarantee through September 30, 2022, approve the renewal <br />agreement for dental insurance with Ameritas at existing rates through September 30, 2021, and <br />authorize the Chairman of the Board to sign acceptance of the Mutual of Omaha renewal. <br />Attachments: <br />Mutual of Omaha Renewal 10/1/2020 — 9/31/2022 <br />Ameritas Dental Renewal Letter 10/1/2020 — 9/31/2021 <br />166 <br />