HomeMy WebLinkAbout2012-10-7985ORDINANCE NO. 2012-10-7985
AN ORDINANCE ACCEPTING THE RATES FOR STOP LOSS
INSURANCE COVERAGE WITHANTHEM BLUE CROSS BLUE SHIELD FOR THE
GROUP HEALTH INSURANCE PLAN FOR THE CITY OF PADUCAH, KENTUCKY
THE 2013 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, 2013 the stop loss
rates are as follows:
1) Individual Stop Loss - $150,000 maximum City liability per perscn
with a monthly rate of $50.40 $51.66 per member; and
2) Aggregate Stop Loss - $2,570,012.0' $3,249,249.01 maximum
City liability of total claims combined with a monthly rate of X90
$5.34 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.
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 pub
Mayor
ATTEST:
Tammara S. Sanderson, City Clerk
Introduced by the Board of Commissioners, October 16, 2012
Amended by the Board of Commissioners, October 16, 2012
Adopted by the Board of Commissioners, October 23, 2012
Recorded by Tammara S. Brock, City Clerk, October 23, 2012
Published by the Paducah Sun, October 27, 2012
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