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TO: Mayor Thomas J. Weisner
FROM: Alisia Lewis, Director of Human Resources
DATE: October 9, 2014
SUBJECT:
A Resolution Establishing C.O.B.R.A. Insurance Monthly Rates Effective January 1, 2015.
PURPOSE:
To establish the 2015 C.O.B.R.A. rates for the City of Aurora's PPO and HDHP comprehensive medical plans, Blue Cross Blue Shield Blue Advantage HMO and the city dental plan. The city is obligated by law to offer C.O.B.R.A. to employees and their covered dependents when they separate from employment for up to eighteen (18) months at 102% of the current premium rate.
BACKGROUND:
Each year the C.O.B.R.A. rates are adjusted to reflect an additional 2% administrative fee to the current health and dental premiums.
DISCUSSION:
2015 rate sheet and 2014 rate sheet for comparison are attached.
IMPACT STATEMENT:
RECOMMENDATIONS:
Place on the Finance Committee calendar for approval to City Council.
cc: Alderman O'Connor, Chairman
Alderman Mervine
Alderman Bohman
Alderman Peters, Alternate
CITY OF AURORA, ILLINOIS
RESOLUTION NO. _________
DATE OF PASSAGE ________________
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A Resolution Establishing C.O.B.R.A. Insurance Monthly Rates Effective January 1, 2015
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WHEREAS, the City of Aurora has a population of more than 25,000 persons and is, therefore, a home rule unit under subsection (a) of Section 6 of Article VII of the Illinois Constitution of 1970; and
WHEREAS, subject to said Section, a home rule unit may exercise any power and perform any function pertaining to its government and affairs for the protection of the public health, safety, morals, and welfare; and
WHEREAS, it has been determined that the C.O.B.R.A. rates set forth herein represent equitable and reasonable amounts for eligible participants in the city health plans;
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Aurora, Illinois, as follows: that the attached City of Aurora C.O.B.R.A. rates are he...
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