Loading...
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 \ord\pers\health ins -stop loss coverage 2013