Laserfiche WebLink
<br />e <br /> <br />e <br /> <br />~ - <br /> <br />JlITII <br />" ... <br />.. <br />_ HEAI.'IH 5rrIII..."*5..we. <br /> <br />350 Glenborough Drive. Suite #100 . Houston, Texas 77067 · (713) 873.7509 <br /> <br />July 20, 1987 <br /> <br />: .,..;: ; ,: <br /> <br />. <br />- , <br />. , <br /> <br />Mr. Doug de la Morena <br />Ci ty of LaPorte <br />P.O. Box 1115 <br />LaPorte, TX 77571 <br /> <br />Re: Premium Only Plan (POP) <br /> <br />~ : . . <br />" <br /> <br />("-,'-\1 r',... L' . <br />...... {vr 1\ :;:Jr,p-(,': <br />, "'""'I.....~ <br /> <br />Dear Doug: <br /> <br />Enclosed is some introductory information and financial projections for the <br />POP for the City of LaPorte. <br /> <br />ALTA refers to the POP, as the simpliest form of flexible benefit plan. <br />There need not be any change to the benefit plan structure. The employees <br />will simply choose between a pre-tax reduction or an after-tax deduction <br />for dependent health coverage. Obviously, for those employees choosing <br />single coverage there is no effect on take-home pay. <br /> <br />There are a number of different ways of communicating the POP to employees. <br />Each employee must be fully aware of the benefits offered and must make a <br />written election at the inception of the plan. ALTA will be happy to <br />provide illustrations of sample employee communications. ALTA will also <br />provide a prototype plan document approved by ,the Internal Revenue Service. <br />This is required when implementing a Flexible Benefit Program. In the <br />future, additional employee paid benefits may be added using this dynamic <br />type document. <br /> <br />Considering the City's plan to implement a dependent contribution for the <br />first time, the POP is a well-timed "plus" to an otherwise viewed "minus". <br /> <br />We will look forward to discussing this program with the City and to help <br />in its implementation. <br /> <br />Very truly yours, <br />/"' <br />...,:>;.. , , <br />__.,:".C~~, rtL- <br />t,../ <br />Neal W. Welch <br />Assistant Vice President <br /> <br />N~JW/ cw <br /> <br />Enclosure <br /> <br />!"" I,'.. ~ ,.,. !! I' I .\ dOl"" I",!' \ I ", ' <br />