Title
Resolution relative to selecting the Humana Medicare Advantage Plan as a total replacement for Medicare eligible retirees, effective July 1, 2018.
Body
WHEREAS, The Horton Group, the City's health insurance and benefits consultant, has conducted a request for proposal (RFP) on behalf of the City for providing a Medicare Advantage Plan as a total replacement for Medicare eligible retirees, effective July 1, 2018; and
WHEREAS, the reason for choosing a Medicare Advantage Plan for Medicare eligible retirees is based upon the comprehensive benefit plan offerings along with a significant reduction of premium costs for retirees and the costs of retiree insurance obligations for the City including the City's OPEB (other post-employment benefits) liability; and
WHEREAS, the option for providing a Medicare Advantage Plan for Medicare eligible retirees was discussed with the Administration and Finance Committee on December 19, 2017, January 2, January 8, and March 6, 2018; and with the Employee Benefit Committee on February 15 and March 1, 2018; and
WHEREAS, The Horton Group originally provided the Employee Benefit Committee with six options for consideration (three Medicare Advantage Plans and three Medicare Supplement Plans), and the proposals were reviewed in detail in order to judiciously provide a recommendation from the Employee Benefit Committee to the Administration and Finance Committee; and
WHEREAS, after reviewing the proposals, The Horton Group and the Employee Benefit Committee recommends that the City of West Allis move forward with the Humana Medicare Advantage plan for Medicare eligible retirees, effective July 1, 2018 through December 31, 2019; and
WHEREAS, choosing the Humana Medicare Advantage Plan as a total replacement for Medicare eligible retirees will provide Medicare eligible retirees with the following benefits:
1) a broad nationwide network (any provider that accepts Medicare assignment is "in network"-this equates to approximate...
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