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06/22/2021 (3)
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06/22/2021 (3)
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5/31/2022 1:33:06 PM
Creation date
5/31/2022 12:20:36 PM
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Meetings
Meeting Type
BCC Regular Meeting
Document Type
Agenda Packet
Meeting Date
06/22/2021
Meeting Body
Board of County Commissioners
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Indian River County FSA, Retiree and COBRA Marketing Breakdown <br />'As reported by TASC, Chard -Snyder, and Benefits Express; Tax Collector maybe moving to another FSA Administrator effective 10/1/21. <br />Proposed Plans Effective 10i1/2021Current <br />COBRA Administration <br />Proposed <br />FSA Administration <br />Initial Set up Fee <br />Medical FSA <br />257 <br />$3.64 <br />Dependent Care FSA Only <br />3 <br />$3.64 <br />Additional Employees in Ext. Grace Period <br /># TBD <br />$0 <br />Retiree Billing <br />348 <br />$2.05 <br />Benefit Eligible (with Retirees) enrolled for COBRA <br />1,801 <br />N/A <br />Employees enrolled in COBRA Eligible plan (w/o Retirees) <br />1,376 <br />N/A <br />COBRA Administration <br />15 <br />$.40+ $15 per OE <br />packet <br />'As reported by TASC, Chard -Snyder, and Benefits Express; Tax Collector maybe moving to another FSA Administrator effective 10/1/21. <br />Proposed Plans Effective 10i1/2021Current <br />COBRA Administration <br />Proposed <br />FSA Administration <br />Initial Set up Fee <br />$0 <br />$0 <br />Initial Set up Fee <br />$0 <br />$0 <br />Annual Renewal Fee <br />$0 <br />$0 <br />Medical/Dependent Care FSA <br />$3.64 <br />$3.00 <br />Wo <br />The following information is intended as a benefit summary only. It does not include all of the provisions, or limitations. If this information conflicts in any way with the <br />contract, the contract will prevail. <br />COBRA Administration <br />Initial Set up Fee <br />$0 <br />$0 <br />Takeover Fees (#COBRA participants) <br />$0 <br />$0 <br />Annual Renewal Fee <br />$0 <br />$0 <br />Monthly Fee Per Benefit Eligible <br />$0.40 <br />$0.50 <br />Monthly Fee Per Active COBRA Enrollees <br />$0 <br />$0 <br />Wo <br />The following information is intended as a benefit summary only. It does not include all of the provisions, or limitations. If this information conflicts in any way with the <br />contract, the contract will prevail. <br />Retiree Billing <br />Initial Set up Fee <br />SO <br />$0 <br />Takeover Fees (#Retiree participants) <br />so <br />$0 <br />Annual Renewal Fee <br />$0 <br />$0 <br />Monthly Fee Per Retiree Cost <br />$2.05 <br />$2.50 <br />Estimated Cost Breakdown based <br />on enrollment counts <br />Estimated FSA/DCA Annual Fees <br />Estimated COBRA Annual Fee <br />Estimated Retiree Annual Fee <br />Estimated Total First Year Cost <br />$11,357 <br />$9,360 <br />$8,645 <br />$8,256 <br />$8561 <br />$10,440 <br />$28,563 <br />$28,056 <br />Rate Guarantee <br />3 Years - COBRA & <br />Retiree Billing; <br />5 Years FSA Admin. <br />Wo <br />The following information is intended as a benefit summary only. It does not include all of the provisions, or limitations. If this information conflicts in any way with the <br />contract, the contract will prevail. <br />
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