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