HomeMy WebLinkAbout2009-12-7642AN ORDINANCE ACCEPTING THE PREMIUM RATES FOR STOP
LOSS INSURANCE COVERAGE WITH HUMANA INSURANCE FOR THE GROUP
HEALTH INSURANCE PLAN FOR THE CITY OF PADUCAH, KENTUCKY AND
AUTHORIZING THE MAYOR TO EXECUTE A CONTRACT FOR SAME
BE IT ORDAINED BY THE CITY OF PADUCAH, KENTUCKY:
SECTION 1. That the City of Paducah accepts the rates offered through
Humana Insurance Company for Stop Loss Insurance Coverage for the group health
insurance plan for the City of Paducah, Kentucky. Effective January 1, 2010 the stop loss
premiums are as follows:
1) $150,000 deductible covering each covered person at a monthly
rate of $5.69 for employee only, $11.38 for employee and spouse,
$10.81 for employee and child(ren) and $18.20 for family; and
2) Aggregate stop loss insurance with Humana with a maximum City
liability of $2,367,129 of total claims combined at a monthly rate
of $18.51 for employee only, $37.02 for employee and spouse,
$35.17 for employee and child(ren) and $59.24 for family.
SECTION 2. The Mayor is hereby authorized to execute a contract with
Humana Insurance Company for coverage authorized in Section 1 above.
Fund.
SECTION 3. This expenditure will be charged to the Health Insurance
SECTION 4. This ordinance shall be read on two separate days and will
become effective upon summary publication pursuant to KRS Chapter 424.
Mayor
ATTEST: l
Tammara S. Brock, City Clerk
Introduced by the Board of Commissioners, December 8, 2009
Adopted by the Board of Commissioners, December 15, 2009
Recorded by Tammara S. Brock, City Clerk, December 15, 2009
Published by the Paducah Sun, December 18, 2009
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