HomeMy WebLinkAbout2014-10-8197ORDINANCE NO. 2014-10-8197
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
FOR THE 2015 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, 2015 the stop loss
rates are as follows:
1) Individual Stop Loss - $175,000 maximum City liability per person
with a monthly rate of $92.98 per member; and
2) Aggregate Stop Loss - $2,029,679.00 maximum City liability of
total claims combined with a monthly rate of $6.29 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 publication pursuant to KRS Chapter 424.
ATTEST:
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Tammara S. Sanderson, City Clerk
Introduced by the Board of Commissioners, October 14, 2014
Adopted by the Board of Commissioners, October 28, 2014
Recorded by Tammara S. Sanderson, City Clerk, October 28, 2014
Published by the Paducah Sun, November 3, 2014
\Ord\pers\health ins -stop loss coverage 2015