Tiered Insurance Discussion Employee Advisory Committee August September
Tiered Insurance Discussion Employee Advisory Committee August – September, 2010
Background Information The following information is intended to be an educational guide that allows employees to understand the concept of the tiered medical insurance structure. The identified costs in this presentation are estimates only.
DISCLAIMER THE COSTS USED IN THIS PRESENTATION ARE ESTIMATES ONLY.
Feedback Opportunities EAC will request feedback in a formal, allemployee survey in September 2010. The purpose of the survey is to determine the level of interest for changing the City’s insurance tier structures.
What are tiers? Tiers are categories of employee family types. Presently, the City of Flagstaff is on a 2 -Tier medical insurance structure covering employee only or employee plus family. The 3 and 4 Tier medical insurance structures cover more types of employees such as an employee and one child or more children, an employee and a spouse or domestic partner, or an employee and their family which includes their spouse or domestic partner and one or more children.
2 - Tier Structure This is the current insurance structure at the City of Flagstaff showing what employees pay for their insurance. Base Plan Employee Only Family Buy up Plan Employee Only Family HDHP with HSA Employee Only Family $0. 00 $422. 30/Month $38. 66/Month $520. 78/Month $0. 00 $354. 08/Month
The next few slides present the Buy-Up, Base, and the HDHP Plans with the current dependent subsidy and a tiered dependent subsidy. The current dependent subsidy is $254. 00 per month per employee. The estimated tiered dependent subsidy for 3 tiers is $50 to $314 or for 4 tiers either $25, $75, or $320. The next few slides allow employees to compare the cost paid by each employee family type for each plan.
Buy Up Plan Monthly Employee Cost 3 -Tier Current/Tiered Subsidy ee only $28. 09/$28. 09 ee + 1 $274. 80/$478. 80 ee + spouse / domestic partner $274. 80/$478. 80 ee + children $688. 33/$628. 33 ee + family $688. 33/628. 33 4 -Tier Current/Tiered Subsidy $28. 09/$28. 09 $348. 87/$527. 87 $199. 67/$428. 67 $750. 39/$684. 39
Base Plan Monthly Employee Costs 3 -Tier Current/Tiered Subsidy ee only $0. 00/$0. 00 ee + 1 $218. 61/$422. 61 ee + spouse / domestic partner $218. 61/$422. 61 ee + children $608. 95/$897. 27 ee + family $608. 95/$897. 27 4 -Tier Current/Tiered Subsidy $0. 00/$0. 00 $288. 48/$467. 48 $147. 70/$147. 70 $667. 53/$601. 53
HDHP Monthly Employee Cost 3 -Tier Current/Tiered Subsidy ee only $0. 00/$0. 00 ee + 1 $231. 43/$435. 43 ee + spouse / domestic partner $231. 43/$435. 43 ee + children $643. 27/$583. 27 ee + family $643. 27/$583. 27 4 -Tier Current/Tiered Subsidy $0. 00/$0. 00 $183. 88/$362. 88 $57. 70/$286. 70 $523. 98/$457. 98
The next few slides present the same information that was presented in the previous slides in a format that allows one to compare the cost of each plan by tiered type.
Employee Only 3 TIER PROGRAM 3 Tier – Base 3 Tier – Buy Up 3 Tier – HDHP Current Subsidy. Tiered Subsidy $0. 00 $28. 09/month $0. 00 4 TIER PROGRAM 4 Tier – Base 4 Tier – Buy Up 4 Tier – HDHP $0. 00 $28. 09 $0. 00
Employee Plus One (a Spouse or Domestic Partner) 3 TIER PROGRAM 3 Tier – Base 3 Tier – Buy Up 3 Tier – HDHP Current Subsidy. Tiered Subsidy $218. 61/month $422. 61/month $274. 80/month $478. 80/month $231. 43/month $435. 43/month 4 TIER PROGRAM 4 Tier – Base 4 Tier – Buy Up 4 Tier – HDHP $288. 48/month $348. 87/month $183. 88/month $467. 48/month $527. 87/month $362. 88/month
Employee Plus One (child) (single parent with one child only) 3 TIER PROGRAM 3 Tier – Base 3 Tier – Buy Up 3 Tier – HDHP Current Subsidy. Tiered Subsidy $218. 61/month $422. 61/month $274. 80/month $478. 80/month $231. 43/month $435. 43/month 4 TIER PROGRAM 4 Tier – Base 4 Tier – Buy Up 4 Tier – HDHP $147. 70/month $199. 67/month $57. 70/month $376. 70/month $428. 67/month $286. 70/month
Employee Plus Children (Single Parent with more than one child) 3 TIER PROGRAM 3 Tier – Base 3 Tier – Buy Up 3 Tier – HDHP With Current Subsidy $608. 95/month $688. 33/month $643. 27/month With Tiered Subsidy $548. 95/month $628. 33/month $583. 27/month 4 TIER PROGRAM 4 Tier – Base 4 Tier – Buy Up 4 Tier – HDHP $147. 70/month $199. 67/month $57. 70/month $376. 70/month $428. 67/month $286. 70/month
Employee Plus Family (Employee and their spouse or domestic partner plus one or more children) 3 TIER PROGRAM 3 Tier – Base 3 Tier – Buy Up 3 Tier – HDHP With Current Subsidy $608. 95/month $688. 33/month $643. 27/month With Tiered Subsidy $548. 95/month $628. 33/month $583. 27/month 4 TIER PROGRAM 4 Tier – Base 4 Tier – Buy Up 4 Tier – HDHP $667. 53/month $750. 39/month $523. 98/month $601. 53/month $684. 39/month $457. 98/month
Informational Opportunities Employee Forums Human Resources E. A. C. Website
- Slides: 17