City of Newton Insurance Committee met Oct. 29.
Here is the minutes provided by the committee:
Present:
Robert Reisner
Steve Rubsam
Larry Brooks
Melissa Brooks
Eric Blake
Rosie York
Mark Bolander
• Health Insurance:
Meeting called to order and the floor was given to Melissa Brooks. Insurance meetings were held prior to this year every other year. I am to get with Melissa every quarter to review Poke amount, and meetings are now going to be held every year to review the Poke amount to make sure we are on track and not going in the hole. Last year we had $221000 in the Poke this year we are down to $209,976. Increase in rates are needed to bring this amount back up
It was suggested that the employee dependents Health insurance rates be increased by 5% and city contribution on employee also increase 5%, effective Jan 1, 2019. This is to be put on agenda to be voted on by council at next meeting.
• CoreSource:
It was discussed that we need to add a one page amendment to the Health coverage book to add the Non-Discrimination Notice with 67 taglines.
Discussed the renewal fee and proposed to accept the 1 1/2% on a 2 year agreement with CoreSource, to be put on the agenda to be voted on at next council meeting.
• Risk Management Association:
Overall premium did not change. There was a discussion on paying the premium early to receive a 1% discount of $845.34. It was agreed to pay by Nov 21 to receive the discount.
Meeting adjourned at 6:48 PM
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