HomeMy WebLinkAbout2016-10-8439ORDINANCE NO. 2016-10-8439
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 2017 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, 2017 the stop loss
rates are as follows:
1) Individual Stop Loss - $175,000 maximum City liability per person
with a monthly rate of $86.52 per member; and
2) Aggregate Stop Loss - $2,915,561.88 maximum City liability of
total claims combined with a monthly rate of $6.67 per member.
SECTION 2. The Mayor is hereby authorized to execute a contract with
Anthem Blue Cross Blue Shield for coverage authorized in Section I 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.
Mayor
ATTEST: pp_
Tammara S. Sanderson, City Clerk
I
Introduced by the Board of Commissioners, October 4, 2016
Adopted by the Board of Commissioners, October 11, 2016
Recorded by Tammara S. Sanderson, City Clerk, October 11, 2016
Published by the Paducah Sun, October 13, 2016
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