HomeMy WebLinkAbout2015-10-8314435
ORDINANCE NO. 2015-10-8314
AN ORDINANCE ACCEPTING THE RATES FOR STOP LOSS
INSURANCE COVERAGE WITH ANTHEM BLUE CROSS BLUE SHIELD FOR THE
GROUP HEALTH INSURANCE PLAN FOR THE CITY OF PADUCAH, KENTUCKY
FOR THE 2016 CALENDAR YEAR 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
Anthem Blue Cross Blue Shield for Stop Loss Insurance Coverage for the group health
insurance plan for the City of Paducah, Kentucky. Effective January 1, 2016 the stop loss
rates are as follows:
1) Individual Stop Loss - $175,000 maximum City liability per person
with a monthly rate of $111.58 per member; and
2) Aggregate Stop Loss - $2,738,364.60 maximum City liability of
total claims combined with a monthly rate of $6.48 per member.
SECTION 2. The Mayor is hereby authorized to execute a contract with
Anthem Blue Cross Blue Shield for coverage authorized in Section 1 above.
SECTION 3. This expenditure will be charged to the Health Insurance
Administrative Fund, account number 073-0208-542-2001.
SECTION 4. This ordinance shall be read on two separate days and will
become effective upon summary publication pursuant to KRS Chapter 424.
Tammara S. Sanderson, City Clerk
Introduced by the Board of Commissioners, October 13, 2015
Adopted by the Board of Commissioners, October 20, 2015
Recorded by Tammara S. Sanderson, City Clerk, October 20, 2015
Published by the Paducah Sun, October 23, 2015
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