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| ORIGINATING DEPARTMENT: |
COUNCIL GOAL: |
| Human Resources |
Become the Employer of Choice |
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ACTION REQUESTED:
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| Resolution |
| LEGAL: |
| No Review Required |
| SUBJECT: |
| Consider motion to adopt RESOLUTION authorizing benefit changes for the July 1, 2023 - June 30, 2024 plan year. |
| EXECUTIVE SUMMARY: |
Annually, staff reviews the comprehensive benefits package in consultation with the city's benefits consultant and recommends changes to remain in compliance or enhance benefits to meet the City Council’s goal of becoming the employer of choice.
For the plan year beginning July 1, 2023, the following changes are recommended:
• Employer contributions to health insurance will decrease from 90% to 89%, consistent with union contracts.
• Employer contributions to health savings accounts (HSA) will change from $1,400 individual/$2,800 family to $1,500 individual/$3,000 family, due to IRS changes requiring a minimum deductible amount for high deductible health plans (HDHP) of $3,000 individual/$6,000 family.
• Increase the annual dental maximum from $1,000 to $1,250.
• Change in insurance carrier for the following voluntary coverages: accident, critical illness and short-term disability.
• Add hospital indemnity voluntary coverage.
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| CITY MANAGER'S RECOMMENDATIONS: |
| Recommend resolution authorizing benefit changes for the July 1, 2023 - June 30, 2024 plan year. |
| PREVIOUS COUNCIL/COMMISSION/BOARD ACTION(S): |
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