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.