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HomeMy WebLinkAbout2017-036 (HSA Adoption Agreement – Health Saving Account Master Service Agreement, FSA Adoption Agreement – Section 125 Cafeteria Flexible Benefits Plan Master Services Agreement & Respective Plan Summaries with MII Life, Inc., dba: Selectaccount) RESOLUTION 2017-036 APPROVING THE HSA ADOPTION AGREEMENT - HEALTH SAVING ACCOUNT MASTER SERVICE AGREEMENT, FSA ADOPTION AGREEMENT -SECTION 125 CAFETERIA- FLEXIBLE BENEFITS PLAN MASTER SERVICES AGREEMENT AND RESPECTIVE PLAN SUMMARIES WITH MII LIFE, INC., DBA: SELECTACCOUNT WHEREAS,the City of Stillwater is part of the Southwest West Central Cooperative; and WHEREAS,the City of Stillwater has added a high deductible medical plan with a HSA as an option for medical insurance for its employees; and WHEREAS, the City of Stillwater has retained the Section 125 Cafeteria Flexible Benefits Plan as an employee option; and WHEREAS,to provide consistent administration for the HSA and FSA the City of Stillwater changed service providers from Secure Benefits to MII Life, Inc.; DBA: SelectAccount for the HSA and FSA Benefits Plans effective January 1, 2017. NOW THEREFORE, BE IT RESOLVED by the Stillwater City Council that the following agreements, as on file with the City Clerk, are hereby approved: 1. HSA Adoption Agreement- Health Saving Account Master Service Agreement and plan summary. 2. FSA Adoption Agreement- Section 125 Cafeteria-Flexible Benefits Plan Master Services Agreement and plan summary 3. Flexible Benefit Plan Document BE IT FURTHER RESOLVED,that the Stillwater City Council authorizes the City Administrator to sign said agreements on the City's behalf. Adopted by the Stillwater City Council this 21st day of February, 2017. "Z•4419 Ted Kozlowski, Mayor ATTEST: _� � Diane F.Ward, City Clerk CITY OF STILLWATER SELECTACCOUNT FLEXIBLE BENEFIT PLAN DOCUMENT SIGNATURE PAGE CITY OF STILLWATER restates its cafeteria plan by adopting the attached SelectAccount Flexible Benefit Plan and applicable Benefit Summaries (collectively the "Plan Document"). This restatement is effective as of January 1, 2017. The Company has caused this instrument to be executed by its authorized officer, this 22nd day of February, 2017 **Please sign and keep this page for your records** CITY OF STILLWATER 2)41441 •By�: J. Thomas McCarty Its: City Administrator