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HomeMy WebLinkAboutResolution No. 2010-112RESOLUTION NO. 2010-112 RESOLUTION AUTHORIZING USE OF IIJNEXHAUSTED PORTION OF EIS TLOXER CONTRIBUTION TO INSURANCES TOWARD HEALTH SAVINGS ACCOUNT (HSA) WHEREAS, the health insurance options currently offered to eligible employees include a fully insured high option plan as well as high deductible (low option) health plans; WHEREAS, effective January 1, 2011, health insurance premiums will be increasing 42 %; WHEREAS, increasing participation in the high deductible health plans will ultimately have a positive effect on future premiums; WHEREAS, in an effort to encourage employees on individual health insurance coverage to participate in a high deductible health plan while at the same time minimizing the impact on the City budget, BE IT RESOLVED that the employer hereby authorizes the use of the unexhausted portion of the employer contribution toward ins_ urances to be placed in a .Health Savings Account; and BE IT FURTHER RESOLVED that such amount will not exceed $1,500 for 2011 and $1,500 for 2012; and BE IT FURTHER RESOLVED that such authorization will be effective immediately for non -union employees and for union employees once a memorandum of understanding is entered into between the City and the respective union(s). Passed this 8th day of November, 2010. Offered by: Diehm Seconded by: Kelzenberg Roll Call: Ayes: Peterson, Williams, Nawrocki, Diehm, Kelzenberg Patricia Musc0vitz, i Cler I W-40 FWP