Item 4BItem 4B
Approve renewal of contract with Aetna for employee medical and dental benefits
Renew Aetna contract
Insurance products bid in 2006
Aetna awarded medical, dental
Since 1996, except 14 month period 2002-2003
Excellent customer service and coverage
Rate renewals based on:
Claims paid
Health industry “trend”
11.4% for 2008*
* Buck Consultants, 18th National Health Care Trend Survey (2008) www.shrm.org
Renew Aetna contract
Southlake claims experience:
Medical claims experience favorable, except PPO (very high)
Dental claims higher than normal
Negotiated favorable rate renewal
Renew Aetna contract
Rate Renewal:
0.0% rate increase for medical
First time in 15 years -- with no plan changes
12.0% rate increase for dental
Estimated cost increase FY09: $10,477
Funds included in FY 2008-2009 proposed budget
Staff recommends approval of contract
Questions?
Kevin Hugman
817.748.8193