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CITY OF LAREDO HUMAN RESOURCES DEPARTMENT

Health & Benefits Fund. CITY OF LAREDO HUMAN RESOURCES DEPARTMENT. By: Daniel E. Migura Jr. Health and Benefits Fund FY 08-09. Projected Deficit = $ 2,965,976 If no action is taken our projected deficit for FY09-10 will be $5.8M ~As per Budget Health & Benefits Fund Summary.

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CITY OF LAREDO HUMAN RESOURCES DEPARTMENT

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  1. Health & Benefits Fund CITY OF LAREDOHUMAN RESOURCES DEPARTMENT By: Daniel E. Migura Jr.

  2. Health and Benefits FundFY 08-09 Projected Deficit = $ 2,965,976 If no action is taken our projected deficit for FY09-10 will be $5.8M ~As per Budget Health & Benefits Fund Summary

  3. Deficit Factors

  4. 1992-1996 $174.17 Health & Benefits FundHistory and Recommendations *Had the rate increased by 35% the 1st time requested and 5% increments there after we would be at $330.27.

  5. Proposed Medical Contributions

  6. Proposed Medical Contributionfor Dependent Coverage Bi-Weekly Deductions

  7. Rate Comparison

  8. **Estimated Medical Claims for FY 08-09 = $11,500,000. *STARTED WITH BCBSTX Medical Claims Budget Summary Budgeted vs. Actual

  9. Prescription Utilization SummaryOctober 2008 – June 2009 (9 Months) FY 08-09 Budgeted $2,200,000 Estimated $3,300,000 Generic drugs are chemically and therapeutically equivalent to the corresponding brand-name drug, but are available at a lower price. Multi-source brand-name drugs are available from more than one manufacturer and have at least one generic equivalent alternative available. Single-source brand-name drugs are available from only one manufacturer and are patent protected. No generic equivalent is available.

  10. Medical & Prescription Claims Summary October 2008 – June 2009 (9 months)

  11. Medical Claims $50,000+ Employee7$ 699,769 EE Dependent 10$1,716,769 Retiree 6$ 486,057 Retiree Dependent 2$ 154,386 COBRA 1 $ 50,162 Total 26$3,107,143 *There has been a total of 3 deaths of the above catastrophic cases. * EE= Employee Catastrophic Cases SummaryOctober 2008 – June 2009 (9 months)

  12. Catastrophic Cases Historical Summary

  13. Funding & Cost Reduction Recommendations

  14. Funding & Cost Reduction Recommendations Continued 14

  15. Staff Recommendations Continued

  16. Summary On August 10, 2009 the City Council Health & Benefits Committee unanimously voted to accept all Health & Benefits plan modifications and a 10% rate increase recommendation as presented by staff.

  17. Any Questions

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