City Council Study Session Agenda and Packet 2017 05 09

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Health Insurance Kaiser Permanente City of Louisville currently offers medical insurance through Kaiser Permanente to all benefited part-time and full-time employees. Coverage starts on the first day of the month following your date of hire. Coverage is also extended to your spouse and eligible dependents. Employees who waive health insurance coverage and subsequently experience a qualified change in their status may enroll in a City provided health insurance plan within thirty-one (31) calendar days of the qualifying event. Because plan choices and features may change from year to year, more details are provided in the annual plan summary, insurance plan documents and other enrollment materials. The Summary Plan Description document describes in detail what coverage is provided, and what constitutes an eligible dependent. The City offers three types of medical plans through Kaiser Permanente: an HMO, a High Deductible Health Plan (HDHP) with a Health Savings Account (HSA) and a 3 -Option POS. What is a High Deductible Health Plan (HDHP)? A High Deductible Health Plan is a plan with a minimum annual deductible and a maximum out-of-pocket limit as listed below. These minimums and maximums are determined annually by the Internal Revenue Service (IRS) and are subject to change. What is a health savings account (HSA)? Otherwise known as an HSA, a health savings account can be funded in one of three ways: with your tax- exempt dollars, by your employer, or both. Funds may be used to help pay for eligible medical expenses not covered by an insurance plan, including the deductible, coinsurance, and even in some cases, health insurance premiums as well as dental or vision expenses. If you are enrolled in a HDHP, you may not be enrolled in any other plan (with your spouse or otherwise) or you lose your eligibility to have an HSA as defined by the IRA. For more IRS regulations details, refer to IRS Publication 969. How much can I contribute to an HSA? (INCREASED LIMIT for 2017) As noted by federal law, the 2017 annual contribution limits are: $3,400 for INDIVIDUAL coverage and $6,750 for FAMILY coverage. Individuals age 55 or older may be eligible to make a catch-up contribution of $1,000. Kaiser Permanente BENEFITS LEVEL: TIER 1 Kaiser Employee City Plan Share Share City HSA Contribution Total City Total Cost Premium HMO EE Only $ 87.22 $ 494.24 $ 494.24 $ 581.46 EE+S $ 258.16 $ 1,032.62 $ 1,032.62 $ 1,290.78 EE+C $ 217.47 $ 869.86 $ 869.86 $ 1,087.33 Family $ 436.12 $ 1,308.38 $ 1,308.38 $ 1,744.50 HDHP EE Ordy Family $ 427.39 $ 66.85 $ 494.24 $ 427.39 $ 948.85 $ 83.77 $ 1,032.62 $ 948.85 $ 799.22 $ 70.64 $ 869.86 $ 799.22 $ 1,282.22 $ 26.16 $ 1,308.38 $ 1,282.22 3-0 tion POS EE Only EE+S EE+C Family $ 209.31 $ 545.66 $ 445.78 $ 802.28 $ 494.24 $ 494.24 $ 703.55 $ 1,032.62 $ 1,032.62 $ 1,578.28 $ 869.86 $ 869.86 $ 1,315.64 $ 1,308.38 $ 1,308.38 $ 2,110.66 5 Monthly Rates BENEFITS LEVEL: TIER 2 Kaiser Employee City Plan Share Share City HSA Contribution Total City Total Cost Premium HMO EE Only EE+S EE+C Family $ 149.00 $ 387.24 $ 326.20 $ 599.67 $ 432.46 $ 432.46 $ 903.54 $ 903.54 $ 761.13 $ 761.13 $ 1,144.83 $ 1,144.83 $ 581.46 $ 1,290.78 $ 1,087.33 $ 1,744.50 HDHP EE Only EE+S EE+C Family 3 -Option POS $ 53.42 EE Only EE+S EE+C Family $ 373.97 $ 58.49 $ 432.46 $ 118.61 $ 830.24 $ 73.30 $ 903.54 $ 99.90 $ 699.32 $ 61.81 $ 761.13 $ 160.28 $ 1,121.94 $ 22.89 $ 1,144.83 $ 427.39 $ 948.85 $ 799.22 $ 1,282.22 $ 271.09 $ 432.46 $ $ 674.74 $ 903.54 $ $ 554.51 $ 761.13 $ $ 965.83 $ 1,144.83 $ $ 432.46 $ 903.54 $ 761.13 $ 1,144.83 $ 703.55 $ 1,578.28 $ 1,315.64 $ 2,110.66