ࡱ> @B?a bjbj:K:K 8&X!H\X!H\" " L        $8"$3 3 H ))) ) )):U,P=H  ^ 0 Rt% t%t%)3 3  t%" > `: Sauk Valley Community College May 23, 2016 Action Item 4.7 Topic: Sauk Valley Community College Group Health Plan Stop Loss Insurance Strategic Direction: Goal 3, Objective 3 Improve the efficiency of College operations Presented By: Dr. David Hellmich and Kathryn Snow Presentation: The College bids out stop loss insurance each fiscal year for the Sauk Valley Community College Group Health Plan. Specific Stop Loss Insurance Bids Medical Only Specific Deductible$80,000$90,000$95,000HM Life$274,187$275,892$279,071UME300,402*$304,929*$310,479*Everest$303,356**$307,239**$328,462** ` Specific Stop Loss Insurance Bids Medical and Rx Specific Deductible $80,000 $90,000 $95,000 HM Life $283,859 $284,853 $287,426 Everest $327,799** $330,583** $334,519** * Includes a laser of $60,000 **Includes a laser of $70,000 (A laser is when the reinsurance company attaches a higher specific deductible on one or more participant.)  The lowest bid was HM Life at $274,187 (our current carrier); however, the insurance specific deductible would not include Rx. Our broker, Cottingham and Butler, is recommending we purchase medical and Rx stop loss reinsurance for $283,859 (an additional $9,700) from our current carrier, HM Life. As the price of prescriptions continue to increase and some specialty mediations may cost $3,000 a month or more, it would be beneficial to cover both medical and Rx for reinsurance purposes. Recommendation: The administration recommends the Board approve HM Life Insurance Company for the College FY17 Stop Loss Insurance provider at an estimated cost of $283,859 with a reinsurance specific of $80,000 for medical and Rx and no aggregate insurance for FY17, effective 7/1/16. ->AH 4       # $ , - . 1 2 : ; D E N O P y z  4 5 U V t v ɾh+|CJaJhAh+|CJaJ hxh+|hxh+|OJQJ^Jh+|OJQJ^Jh^h+|5h+| h+|5>* h+|5H+,-?@A  4  $Ifgd+|gd+| p^p`gd+|$^`a$gd+|gd+|$a$gd+|   $ - RIIII $Ifgd+|kd$$Iflv\Cg [0$ T t044 lapyt+|- . 2 ; E O RIIII $Ifgd+|kd$$Ifl\Cg [0$ T t044 lapyt+|O P X c n y RIIII $Ifgd+|kdx$$Ifl\Cg [0$ T t044 lapyt+|y z { RM@--l$If^`lgd+|K$ $If^gd+|gd+|kd4$$Iflv\Cg [0$ T t044 lapyt+|  =kd$IfK$L$lv\] Q*X 5 t0%44 lapyt+|l$If^`lgd+|K$   ) 4 =kd$IfK$L$l\R F*M 5 t0%44 lapyt+|l$If^`lgd+|K$4 5 V u PGGG: $If^gd+| $Ifgd+|kdd$IfK$L$lv\R F*M 5 t0%44 lapyt+|  h+|hqp hh+|h{(h+|5 h+|5h+|hjh+|OJQJ^JhAh+|5CJaJ gd+|ekd$$Ifl]`&&0&44 layt+|6&P1F:p/ =!"#$% $$If!vh#v$ #v#vT#v:V lv t05$ 55T5apyt+|$$If!vh#v$ #v#vT#v:V l t05$ 55T5apyt+|$$If!vh#v$ #v#vT#v:V l t05$ 55T5apyt+|$$If!vh#v$ #v#vT#v:V lv t05$ 55T5apyt+|$IfK$L$q!vh#vX #v#v5#v:V lv t0%5X 5555pyt+|$IfK$L$q!vh#vM #v#v5#v:V l t0%5M 5555pyt+|$IfK$L$q!vh#vM #v#v5#v:V lv t0%5M 5555pyt+|n$$If!vh#v&:V l]0&5&yt+|s2 0@P`p2( 0@P`p 0@P`p 0@P`p 0@P`p 0@P`p 0@P`p8XV~ 0@ 0@ 0@ 0@ 0@ 0@ 0@ 0@ 0@ 0@ 0@ 0@ 0@ 0@_HmH nH sH tH @`@ NormalCJ_HaJmH sH tH BB ` Heading 1$$@&a$5aJDA D Default Paragraph FontRi@R  Table Normal4 l4a (k (No List `$` a iEnvelope Address!@ &+D/^@ ^JF%F a iEnvelope Return CJ^JaJHH qp Balloon TextCJOJQJ^JaJbo"b jDefault 7$8$H$-B*CJOJQJ^J_HaJmH phsH tH j3j  Table Grid7:V0PK![Content_Types].xmlN0EH-J@%ǎǢ|ș$زULTB l,3;rØJB+$G]7O٭VvnB`2ǃ,!"E3p#9GQd; H xuv 0F[,F᚜K sO'3w #vfSVbsؠyX p5veuw 1z@ l,i!b I jZ2|9L$Z15xl.(zm${d:\@'23œln$^-@^i?D&|#td!6lġB"&63yy@t!HjpU*yeXry3~{s:FXI O5Y[Y!}S˪.7bd|n]671. tn/w/+[t6}PsںsL. J;̊iN $AI)t2 Lmx:(}\-i*xQCJuWl'QyI@ھ m2DBAR4 w¢naQ`ԲɁ W=0#xBdT/.3-F>bYL%׭˓KK 6HhfPQ=h)GBms]_Ԡ'CZѨys v@c])h7Jهic?FS.NP$ e&\Ӏ+I "'%QÕ@c![paAV.9Hd<ӮHVX*%A{Yr Aբ pxSL9":3U5U NC(p%u@;[d`4)]t#9M4W=P5*f̰lk<_X-C wT%Ժ}B% Y,] A̠&oʰŨ; \lc`|,bUvPK! ѐ'theme/theme/_rels/themeManager.xml.relsM 0wooӺ&݈Э5 6?$Q ,.aic21h:qm@RN;d`o7gK(M&$R(.1r'JЊT8V"AȻHu}|$b{P8g/]QAsم(#L[PK-![Content_Types].xmlPK-!֧6 0_rels/.relsPK-!kytheme/theme/themeManager.xmlPK-!R%theme/theme/theme1.xmlPK-! ѐ' theme/theme/_rels/themeManager.xml.relsPK] &  - O y  4  8@0(  B S  ? b%V=J>W}s[8uevzm@Z #,(HY ^EtOr@@UnknownG.Cx Times New Roman5Symbol3. *Cx Arial5. .[`)Tahoma?= *Cx Courier New;WingdingsA$BCambria Math"qhEgEgkE   !xr4 3QHP ?qp2!xx Sauk Valley Community CollegeSVCC dana.j.chacon  Oh+'0  < H T `lt| Sauk Valley Community College̽ѡNormaldana.j.chacon2Microsoft Office Word@@aU@H@H ՜.+,0 hp  ̽ѡ  Sauk Valley Community College Title  !"#$%&'()*+,-.012345689:;<=>ARoot Entry F`ح=HCData 1Table%WordDocument8&SummaryInformation(/DocumentSummaryInformation87CompObjr  F Microsoft Word 97-2003 Document MSWordDocWord.Document.89q