HomeMy WebLinkAbout2020-108 (2021 Cash in Lieu of Opt Out Option City of Stillwater Group Health Insurance Plan for Benefits Eligible City Employees) RESOLUTION 2020-108
APPROVING 2021 CASH IN LIEU OF OPT-OUT OPTION OF
CITY OF STILLWATER GROUP HEALTH INSURANCE PLAN FOR
BENEFITS ELIGIBLE CITY EMPLOYEES
WHEREAS,the City of Stillwater, as an employer, offers group health insurance to its
benefits eligible employees; and
WHEREAS, the City's Labor Management Insurance Work Group evaluated an opt-
out concept and found the City may experience annual net savings on premiums paid for
employee group health insurance by offering a $250 per month cash in lieu of payment to
employees who opt out of group health insurance provided by the City because they are
enrolled in 2021 group health insurance coverage through their partner; and
WHEREAS, the City acknowledges its support of potential annual net savings in
premiums paid for employee health insurance if employees can obtain coverage through
their partner's group health insurance plan; and
WHEREAS,City Staff and the Insurance Work Group will evaluate the results of actual
net health insurance premium savings to the City resulting from a program offering cash in
lieu of opt out of City health insurance during the 2021 insurance open enrollment period
and provide those results to the City Council for inclusion in the final 2021 budget.
NOW THEREFORE BE IT RESOLVED, that the City Council of the City of Stillwater
hereby approves a 2021 $250 per month cash in lieu of payment to employees who opt out
of City SWWC Blue Cross Blue Shield group health insurance coverage, due to coverage on
their partner's plan.
Adopted by the Stillwater City Council this 17th day of November, 2020.
CITY OF STILLWATER
Ted Kozlo 1, Mayor
ATTEST:
Beth Wolf, Cit Clerk