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0 0 <br />wanted the Commissioners to be comfortable with it. <br />Director Baird reviewed the maximum benefits versus costs to employee at the request <br />of Commissioner Adams. <br />Haden Knowlton, of Waters Risk Management, advised the company is an <br />independent consulting firm in St. Petersburg, Florida. He and the company are not involved <br />in providing insurance, nor does he play golf. The company is hired by the County and is <br />in the business strictly of considering and analyzing insurance proposals and making <br />recommendations to fill the needs of their client. Dental insurance is not catastrophe <br />insurance. The fixed cost on the recommended plan is $3 a month. The policy is funded by <br />the premiums paid in by the employees. The stop loss is set at 120% of expected claims. <br />With the inception of a new policy, the first six months of the premiums generally get paid <br />to the dentists because employees tend to go to the dentist when a new plan comes into <br />being. The next six months the outflow of payments will taper off. The actuary predictions <br />are generally very close. <br />There was CONSENSUS at the termination of this item that the motion was sustained. <br />RESOLUTION 98- 30 <br />A RESOLUTION OF INDIAN RIVER COUNTY ADOPTING <br />THE THIRD AMENDMENT <br />TO THE <br />INDIAN RIVER COUNTY <br />BOARD OF COUNTY COMMISSIONERS <br />PREMIUM CONVERSION PLAN <br />WHEREAS, the Employer has previously adopted the Indian River <br />County Board of County Commissioners Premium Conversion Plan (the <br />"Plan"); and <br />WHEREAS, the Employer is authorized and empowered to amend the <br />Plan; and <br />WHEREAS, the Employer deems it advisable to amend the Plan. <br />NOW, THEREFORE, Exhibit (A) - Group Plans of the Premium <br />Conversion Plan is hereby amended as follows: <br />Exhibit (A) Add " 4. Indian River County, Florida Group <br />Employee Optional Dental Plan to Indian River <br />County Board of County Commissioners Premium <br />Conversion Plan." <br />March 3, 1998 <br />29 <br />