HomeMy Public PortalAbout1992_07_14_R116The Town of
Leesburg,
Virginia
RESOLUTION NO.
A RESOLUTION:
PRESENTED July 14, 1992
92-116 ADOPTED July 14, 1992
AUTI-IO~G AGREEMENTS FOR GROUP INSURANCE COVERAGES
AND MAKE AN APPROPPJATION
WHEREAS, on June 4, 1992, the town received proposals from insurance providers to provide the
town with group insurance coverage for health and term life, accidental death, dismemberment insurance
coverages for town employees; and
WHEREAS, the proposals received were reviewed and analyzed by the town's insurance consultant,
McNeary Insurance Consulting Services, Inc.; and
WHEREAS, their analysis and recommendations were forwarded to the Council by memorandum
dated July 11, 1992, along with recommendations for type and extent of coverage and funding for fmcal year
1992:
THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia as follows:
SECTION I. The manager is authorized to 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 for the Comp Care point of service benefits plan at the following monthly
rates:
Employee only $196.43
Employee and one minor 267.44
Family 453.54
The town will pay the employee portion of this coverage. Those employees receiving coverage
under the employee and one minor or family categories shall pay $59.17 and $189.22 per month respectively
with the difference paid by the town.
SECTION II. 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, accidental
RESOLUTION - INSURANCE AGREEMENT
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death and dismemberment insurance coverage equal to one times the employee's annual ssl,~y at an annual
cost of $12,420. The town will pay the entire cost of this coverage.
SECTION I~. All coverages become effective July 1, 1992, and will expire June 30, 1993. The town
reserves the right to renew these coverages for the next two years without rebidding these coverages.
SECTION IV. Additional appropriations to the hospitalization fringe benefits accounts of the
general and utility funds tot~lllng $113,000 are authorized from the unreserved fund b-l~uces of these two
funds for the £mcal year ending June 30, 1993, for the purpose of funding the additional cost.
PASSED this l~+th day of July ,1992.
James E. Clem, Mayor
Town of Leesburg
ATTEST:
Clerk of CounCil'
R:ins-agree