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HomeMy Public PortalAbout03237 O R D I N A N C E NO. 3237 AN ORDINANCE renewing a contract with Blue Cross Hospital Service, Inc. of Missouri and Missouri Medical Service, and American United Life Insurance Company for the District's employee benefit group insurance coverage from June 1, 1977 to June 1, 1978. WHEREAS, Blue Cross Hospital Service, Inc. of Missouri and Missouri Medical Service, and American United Life Insurance Company, the carriers of the employee benefit group insurance coverage from June 1, 1976 to June 1, 1977, by virtue of its low bid of $564,022.00 annual premium, has submitted a proposal for renewal of such contract for the year June 1, 1977 to June 1, 1978 at an estimated cost for the year of $560,095.00, covering an estimated 800 employees and 480 employees with dependent coverage, and WHEREAS, such premium increase is from $65.75 to $67.94 per month per individual for combined employee and dependent health coverage, or an increase of 3.3%, and no increase in the rates for life insurance and accidental death and dismemberment coverage, remaining respectively $0.54 per $1,000.00 and $0.05 per $1,000.00; and WHEREAS, such increase in premium is not more than 10% of the premium for the current year, and within the limit for renewal permitted by Ordinance No. 3210, and it is the opinion of the District's insurance advisor that a solicitation of bids would result in no material advantage to the District, NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF TRUSTEES OF THE METROPOLITAN ST. LOUIS SEWER DISTRICT: Section One. The Blue Cross Hospital Service, Inc. of Missouri and Missouri Medical Service, and American United Life Insurance Company, the present insurance carriers for the District's employee benefit group insurance coverage, are hereby awarded the renewal contract for such coverage from June 1, 1977 to June 1, 1978 at and for an estimated premium of Five Hundred Sixty Thousand Ninety-five Dollars ($560,095.00). The foregoing Ordinance was adopted May 11, 1977.