Loading...
HomeMy WebLinkAboutHealth Insurance Comparisons 2026CITY OF REXBURG HEALTH & DENTAL INSURANCE PROPOSALS FOR 2026 10/20/2023 Current MEDICAL VISION EAP Wellness TELEDOC TOTAL DENTAL TOTAL HEALTH/ DENTAL Health Dental Total City HEALTH CITY CITY EMPLOYEE EMPLOYEE EMPLOYEE Select Met Life HRA COVERAGE Count Count Ded.Ded.0.0%DENTAL TOTAL HEALTH DENTAL TOTAL TOTAL Health Dental Contribution TOTAL inlcuded included SINGLE 23 21 1 23 914.21$ 43.83$ 958.04$ 110.18$ 9.44$ 119.63$ 1,077.66$ 619.55$ 33.75$ 141.67$ 794.97$ 15.0%602.20$ 10.10$ 7.25$ 619.55$ 82.72%33.75$ 653.30$ COUPLE 34 40 2 68 1,757.76$ 87.49$ 1,845.25$ 219.21$ 18.92$ 238.13$ 2,083.38$ 1,231.78$ 67.37$ 283.33$ 1,582.48$ 15.0%1,204.30$ 20.23$ 7.25$ 1,231.78$ 86.23%67.37$ 1,299.15$ EMP/CHILD 3 1 2 6 1,244.62$ 134.88$ 1,379.50$ 191.57$ 29.47$ 221.04$ 1,600.54$ 1,085.27$ 103.87$ 283.33$ 1,472.47$ 15.0%1,058.00$ 20.02$ 7.25$ 1,085.27$ 119.69%103.87$ 1,189.14$ EMP/CHILDREN 3 5 2 6 1,722.50$ 134.88$ 1,857.38$ 318.66$ 29.47$ 348.13$ 2,205.51$ 1,932.97$ 103.87$ 283.33$ 2,320.17$ 15.0%1,905.70$ 20.02$ 7.25$ 1,932.97$ 139.26%103.87$ 2,036.84$ FAMILY 85 86 2 170 2,313.83$ 199.15$ 2,512.98$ 359.59$ 43.49$ 403.09$ 2,916.07$ 2,241.77$ 153.36$ 283.33$ 2,678.46$ 15.0%2,202.70$ 31.82$ 7.25$ 2,241.77$ 112.69%153.36$ 2,395.13$ TOTAL 148 153 273 3,436,411$ 260,633$ 3,697,043$ 505,003$ 56,814$ 561,817$ 4,258,860$ 3,068,824 206,589$ 464,100 3,733,632$ 3,011,009 44,939 12,876 - - 3,068,824 206,589 3,275,413 DEDUCTIBLE 2,500$ NET 525,229$ HRA CONTRIBUTION (1,700)$ BEGINNING BALANCE OF SAVINGS 1,825,971$ NET DEDUCTIBLE 800$ ENDING BALANCE IN SAVINGS 2,351,200$ Month 250,917 3,745 1,073 - - 255,735 Option #1 MEDICAL VISION My Group EAP Wellness TELEDOC TOTAL DENTAL TOTAL HEALTH/ DENTAL Health Dental Total CITY HEALTH CITY DENTAL CITY EMPLOYEE HEALTH EMPLOYEE DENTAL EMPLOYEE Employee Select Met Life HRA Projected Increase 12.60%5.00%see below 6.00% COVERAGE Count Count Ded.Ded.7.0%0.0%TOTAL 12.0%0.0%TOTAL TOTAL Increase Health Dental Contribution TOTAL tbd inlcuded included SINGLE 19 17 1 19 978.20$ 43.83$ 1,022.03$ 121.41$ 9.44$ 130.85$ 1,152.88$ 11.22$ 695.12$ 35.78$ 141.67$ 872.56$ 15.00%678.10$ 10.61$ 6.41$ 695.12$ 112.20%35.78$ 106%730.89$ COUPLE 31 35 2 62 1,880.81$ 87.49$ 1,968.29$ 241.91$ 18.92$ 260.84$ 2,229.13$ 22.71$ 1,383.65$ 71.41$ 283.33$ 1,738.40$ 15.00%1,356.00$ 21.24$ 6.41$ 1,383.65$ 112.33%71.41$ 106%1,455.06$ EMP/CHILD 2 1 2 4 1,331.74$ 134.88$ 1,466.63$ 212.36$ 29.47$ 241.82$ 1,708.45$ 20.79$ 1,218.73$ 110.10$ 283.33$ 1,612.17$ 15.00%1,191.30$ 21.02$ 6.41$ 1,218.73$ 112.30%110.10$ 106%1,328.83$ EMP/CHILDREN 3 5 2 6 1,843.08$ 134.88$ 1,977.96$ 355.65$ 29.47$ 385.12$ 2,363.08$ 36.99$ 2,173.23$ 110.10$ 283.33$ 2,566.67$ 15.00%2,145.80$ 21.02$ 6.41$ 2,173.23$ 112.43%110.10$ 106%2,283.33$ FAMILY 66 68 2 132 2,475.80$ 199.15$ 2,674.94$ 401.25$ 43.49$ 444.74$ 3,119.69$ 41.65$ 2,520.02$ 162.56$ 283.33$ 2,965.92$ 15.00%2,480.20$ 33.41$ 6.41$ 2,520.02$ 112.41%162.56$ 106%2,682.58$ TOTAL 121 126 223 2,981,834$ 217,901$ 3,199,735$ 453,359$ 47,489$ 500,848$ 3,700,583$ 2,776,547$ 177,869$ 379,100$ 3,333,516$ 2,729,197 38,043 9,307 - - 2,776,547 177,869 2,954,416 INCREASED DOLLARS (454,577)$ (42,732)$ (497,308)$ (51,643)$ (9,326)$ (60,969)$ (558,278)$ -9.52%-13.90%-18.32%-10.72%increase $(281,812) (6,897) (3,569) - - (292,277) (28,719.91) (613,273.93) DEDUCTIBLE 2,500$ -10.85%-13.11%NET 367,067$ increase %-9.36%-15.35%12.41%family increase HRA CONTRIBUTION (1,700)$ Average Increase -10%Family Increase-Year 499.82$ BEGINNING BALANCE OF SAVINGS 2,351,200$ NET DEDUCTIBLE 800$ ENDING BALANCE IN SAVINGS 2,718,266$ New Monthly 227,433$ 3,170$ 776$ -$ -$ 231,379$ Increases in premiums for Health/Dental Employer (497,308)$ Employee (60,969)$ (558,278)$ Total 1,755 COLA Increase Total 72,500$ 1,755 Increase in pay annually after premium increase -$ 0.0242 -$ annual salary to break even with COLA 0%Percent of COLA increase to cover medical for average pay x/year 1,210 COLA Increase Total 50,000$ 1,210 Increase in pay annually after premium increase -$ 0.0242 -$ annual salary to break even with COLA 0%Percent of COLA increase to cover medical for average pay of $50,000/year Select Health/MetLife Dental Renew with Current Providers - Select Health/MetLife Dental without 27 Fire Department Employees (Budget Included a 7% increase for Health Insurance)