Commission Meeting Agenda Item

Agenda Item Title

FY 2023-2024 Benefits (Medical, Dental, Life Insurance, Long Term Disability, Short Term Disability, Critical Illness, Accident Coverage)

Agenda Item ID

2023104

Department

Human Resources

Approval of the FY 2023-2024 benefits as presented in the budget to take effect on October 1, 2023.

Summary

  • Health (Florida Blue-PRM) — 3.75% increase — One-year renewal — employer paid benefit
  • Dental (Florida Combined Life-PRM) — No Increase— One-year renewal — employer paid benefit
  • Employer Paid Life (The Standard-PRM) — Year one of a three-year rate guarantee — employer paid benefit
  • Voluntary Life (The Standard-PRM) — Year one of a three-year rate guarantee — employee paid benefit
  • Long Term Disability (The Standard-PRM) — Year one of a three-year rate guarantee — employer paid benefit
  • Short Term Disability (The Standard-PRM) — Year one of a three-year rate guarantee — employee paid benefit
  • Vision (NVA) — Year three of four-year contract — employee paid benefit
  • Critical Illness — employee paid benefit (no increase)
  • Accident Coverage — employee paid benefit (no increase)

Past Actions

None

Fiscal Impact

Total anticipated cost $1,681,722.56

Funding Account

Will be taken from each department’s 23-20 (health insurance) line item.

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