06-13-16 Regular Meeting of the La Porte City Council

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Short Term Strategies: Continue to maintain current resources for employee communication and engagement. Consider implementation of total compensation statements so that participants are fully aware of the benefits and total compensation provided by Sample Company. Work with SmartBen to include TMRS data in existing online tool. Consider implementation of Compass Professional Health Services for those participating in the Health Savings Account plan. Services provided by Compass include telephonic access to a specialist who assists the participant with benefits, provider and claims questions. Most importantly the service provides Medical, Prescription and Dental pricing and quality information for employees to make informed choices which will in turn save dollars for both the Sample Company and employees. Activate additional functions on SmartBen, the on-line benefits administration platform to provide additional tools and resources to employees and their dependents Long Term Strategies: Educational resources will continue to be reviewed and modified as necessary to ensure participants are aware and able to utilize benefits available. # ³ ²³±®¯§¨¢ 2¨²ª 3³± ³¤¦¸ (¤ «³§ 0« The Sample Company currently provides two Health Plan options, the Kelsey Care HMO plan and the Health Savings Account plan, for employees and retirees to choose from. The Kelsey Care plan is crafted upon the principles of a Medical Home, which is designed to eliminate inefficiency of the fragmented PPO system and deliver higher quality care. The Health Savings Account plan is a consumer driven health plan designed to engage participants in health care purchasing decisions by shifting away from traditional copay based structure to deductible and coinsurance based plan structures. The Sample Company funds the Kelsey Care premium cost at 92.8% for employee only costs and 68.0% for dependents (the Houston area average is 62% for dependents). In comparison, the Sample Company funds the Health Savings Account premium cost at 92.1% for employee only costs and 76.0% for dependents. An additional $1,000 account contribution for employee and $2,000 for employee and dependents is funded into the HSA account. Retirees may participate in either program at the group insurance rates with no employer funding. Short Term Strategies: Adjustment of the premium rate structures for the HSA plan are recommended as it is the highest cost plan when HSA contributions of $1,000 for an individual and $2,000 for a family are factored in. It is recommended to evaluate implementation of equitable funding