HomeMy Public PortalAbout1988_07_26_R140RESOLUTION NO.
A RESOLUTION:
PRESENTED July 26, 1.988
88-140 ADOPTED July 26, 1988
AUTHORIZING AGREEMENTS FOR GROUP INSURANCE COVERAGES
WHEREAS, on June 30, 1988, the town received proposals from insurance
providers to provide the town with group insurance coverage for health,
dental, term life accidental death and dismemberment and long-term
disability income; and
WHEREAS, the proposals received were reviewed and analyzed by the
town's insurance consultant, Industrial Insurance Management Corporation;
and
WHEREAS, their analysis and recommendations were forwarded to Council
by memorandum dated July 15, 1988, along with recommendations for type and
extent of coverage and funding for fiscal year 1989:
THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia
as follows:
SECTION I. The manager shall enter into an agreement with Blue
Cross/Blue Shield of Virginia represented by the Kelly Insurance Agency to
provide the town with group health care coverage as was described in their
proposal at the following monthly rates:
Employee only
Employee and 1 minor
Family
94.45
141.66
245.54
The town will pay the employee portion of this coverage and will
subsidize the family coverage by an additional amount of $30.55 per month
-2-
RESOLUTION - AUTHORIZING AGREEMENTS FOR GROUP INSURANCE COVERAGES
from funds remaining from the pay and classification plan contingency
account.
SECTION II. The manager shall enter into an agreement with the Bankers
Life Nebraska Insurance Company represented by the Kelly Insurance Agency
to provide the town with dental insurance coverage at a monthly premium of
$2,520. The town will pay for the cost of this coverage.
SECTION III. The manager shall enter into an agreement with the
Shenandoah Life Insurance Company represented by the Kelly Insurance Agency
to provide the town with group term life and accidental death and
dismemberment insurance coverage equal to one times the employees annual
salary at a rate of $.26 per $1,000 of coverage. The town shall pay for
the cost of this coverage.
SECTION IV. The manager shall enter into an agreement with Group
America Insurance Company represented by the J. V. Arthur insurance agency
to provide the town with long-term disability income insurance coverage at
a monthly premium of $2,592. The town will pay for the cost of this
coverage. This plan will replace the town's current short-term disability
income insurance coverage.
SECTION V. All coverages except the Blue Cross/Blue Shield health
insurance contract will become effective on August 1, 1988, and wi]Il expire
June 30, 1989. The Blue Cross/Blue Shield contract will become effective
September 1, 1988, and will expire June 30, 1989. The town reserves the
-3-
RESOLUTION - AUTHORIZING AGREEMENTS FOR GROUP INSURANCE COVERAGES
right to renew these coverages for the next two years without rebidding of
these coverages.
PASSED this
26th day of
July , 1988.
Robert E. Sevila, Mayor
Town of Leesburg
ATTEST:
Cl--erk of ~ncil