HomeMy WebLinkAbout2011-2-7785ORDINANCE NO. 2011-2-7785
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
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, 2011 the stop
loss rates are as'follows:
1) Individual Stop Loss - $150,000 maximum City liability per
person with a monthly rate of $35.00 per member; and
2) Aggregate Stop Loss - $2,578,998 maximum City liability of total
claims combined with a monthly rate of $4.25 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:
Tammara S. Brock, City Clerk
Introduced by the Board of Commissioners, January 25, 2011
Adopted by the Board of Commissioners, February 15, 2011
Recorded by Tammara S. Brock, City Clerk, February 15, 2011
Published by the Paducah Sun, February 21, 2011
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