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2003-02-24 Regular Meeting
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2003-02-24 Regular Meeting
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City Meetings
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City Council
Meeting Doc Type
Minutes
Date
2/24/2003
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• <br />�J <br />CJ <br />City of La Porte <br />Stop Loss Comparisons <br />3-3-2003 <br />Com Risk Insurance <br />ING/ReliaStar <br />Description of Services <br />QBE <br />ING/ReliaStar <br />:. <br />;G} tion <br />A.M. Best Rating <br />Specific Stop -Loss <br />Medica} & Rx;: <br />Medical 8. RxMedical'.& <br />Rx <br />[tfiedical & Rx;Medica:ii <br />Annual Deductible <br />115 000 <br />': 125 00gi ... <br />150 000 <br />?:.. . 1.15,000 <br />;;: 125 000 <br />: > 150-000 <br />Coverage Basis <br />Employee Only Premium <br />$19 42 <br />i ... $17 67 <br />Employee Family Premium <br />$55.98'`$5325 <br />.;.. . $Stl <br />$34.45 <br />Composite Rate <br />:: $43 23 <br />: -. $39 85 <br />:.. <.$31:93 <br />Annual Premium <br />Coverage Amount <br />'$1' 000,000 <br />:;. $1000,000 <br /><..$1 000,OOII <br />Stop -Loss <br />;29l1 <br />4/12Aggregate <br />24/12 <br />Coverage Basis <br />Aggregate Factor <br />Medical & Rx <br /><Medtcaf & Rx <1Vied�cai&:Rz <br />Individual <br />$379 36 <br />i;. $381 39 :. <br />::$386 <br />Family$948 <br />40: <br />` $953 47 : <br />$965 37 <br />Composite <br />53 $794 ; <br />$7&3 35 <br />_. $$38 90 <br />::$47 17 <br />.. .$823 04 <br />Coverage Amount <br />$ IOOO,D00 <br />. $1000 000: <br />$]000,000 <br />$1 000,000 <br />$1 .000,000 <br />$l;'000 000 <br />Aggregate Premium Rate17 <br />$4 17 <br />$41`:7.:: <br />Annual Premium <br />$24,649 <br />: $24,649 ` <br />$24,649 <br />.. $20,500: <br />$20,500 <br />-: $20 500 <br />Total Specific &Aggregate Premiu <br />$237,334.' <br />4.1 <br />$181,723: ::_ <br />.:'1222:602 <br />Annual Attachment Point <br />$3 68%.Q56 <br />: $3,.709;365 <, <br />.$3;755,682 <br />.$4,127,388; <br />;; $4,166,076 <br />$4 049,345 <br />Notes: Run-in Limit <br />Based on: <br />Employees/Retirees - Single <br />Dependent Units <br />Total <br />The Welch Company <br />312412003 <br />
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