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HomeMy WebLinkAboutResolution - 2021-R0432 - Contract 14820 with Dearborn National Life Insurance - SelerixBenSelect 10.26.21Resolution No. 2021-RO432 Item No. 7.21 October 26, 2021 RESOLUTION BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK: THAT the Mayor of the City of Lubbock is hereby authorized and directed to execute for and on behalf of the City of Lubbock, the renewal of Contract 14820, by and between the City of Lubbock and Dearborn National Life Insurance to enhance services by adding the SelerixBenSelect (Selerix) benefits administration system, and related documents. Said Contract is attached hereto and incorporated in this resolution as if fully set forth herein and shall be included in the minutes of the City Council. Passed by the City Council on October 26, 2021 A EST: �) t A k& �X Rebecca Garza, City Secretary APPRAS TO CONTENT: Clifton Beck, Director of Human Resources TO FORM: DANIEL M. POPE, MAYOR City Attorney cedocs/RES.Contract-Dearbom National Life Ins. October 12, 2021 Resolution No. 2021-R0432 OW61ue.CrosslllueShieldol"Iesas September 17, 2021 Group Name: City of Lubbock Group Number: GFZ03192 Proposed Effective Date: January 1, 2022 Proposal is valid for 60 days following proposed eHectlye date Coverages: Basic Life/AD&D, Voluntary life/AD&D, Voluntary Long -Term Disability, and Voluntary Accident. Requested Commission Changes: Change commissions on all coverages listed above to a flat 6%. Enhance current contract to include SelerlxBenSelect online enrollment services. Impact to Rates: No impact to the current rates below. Basic Life - Actives $0.035/$1,010 Retiree Life - Prior to 4/11988 $0,060 / $1,000 Retiree Life - On or After 4/1/1998 $3.060 1 $1,000 Basic AD&D $0.012 / $1,000 Voluntary Life - Actives Under Age 30 $0.05 $$1,000 Age 30 to 34 $0.06 1 $$1,000 Age 35 to 39 $0.07 / $1,000 Age 40 to 44 $0.10 / $1,000 Age 45 to 49 $0.15 / $1,000 Age 50 to 54 $0.23 / $1,000 Age 55 to 59 $0.43 / $1,000 Age 60 to 64 $0.66 / $1,000 Age 65 to 69 $1.21 / $1,000 Age 70 to 74 $2.06 / $1,000 Age 75 to 79 $2.06 / $1,000 Age 80 and Above $2.06 / $1,000 Voluntary Life - Retirees Under Age 30 $0.11 / $1,000 Age 30 to 34 $0.12 / $1,000 Age 35 to 39 0.17 / $1.000 Age 40 to 44 $0.26 / 1,000 Age 45 to 49 $0.44 / $1,000 Age 50 to 54 $0.78 / $1,000 Age 55 to 59 $1.27 / $1,000 Age 60 to 64 $1.44 / $1.000 Age 65 to 69 $2.38 / $1,000 Age 70 to 74 $4.12 / $1,000 75 to 79 $6.20 / $1,000 Age 80 and Above $9.75 / $1,000 701 E. 32nd Street, Suite 300 1 Lombard,IL60148 Insurance products issued by Dearborn Life Insurance Company, 701 E. 22nd St, Suite 300, Lombard, It 6014& Blue Crass and Blue Shield of Texas is the trade name of Dearborn Life Insurance Company, an Independent licensee of the Blue Cross and Blue Shield Association. BLUE CROW, BLUE SHIELD' and the Cross and shield Symbols are registered service marks of the Blue Cross and Blue Shield Association, an association of independent Blue Cross and Blue Shield Plans. 09 131oeCross 131tieShield ol— esas Voluntary Spouse Life - Actives 0.80 15,000 Voluntary Child Life -Actives $0.50 / $2,500 Voluntary Dependent Life - Retiree $1.25 Per Unit Voluntary AD&D Individual Plan $0.025 / $1,000 Family Plan $0.0381$1,000 Voluntary Long -Term Disability Option 1 Under Age 25 $0.14 / 100 MCP Age 25 to 29 $0.161$100 MCP Age 30 to 34 $0.17 / $100 MCP Age 35 to 39 $0.18 I $100 MCP Age 40 to 44 $0.251$100 MCP Age 45 to 49 $0.31 / $100 MCP Age 50 to 54 $0.421$100 MCP Age 55 to 59 $0.64 I $100 MCP Age 60 and Above $0.791$100 MCP Voluntary Long -Term Disability Option 2 Under Age 25 $0.16 / 100 MCP Age 25 to 29 $0.181$100 MCP Age 30 to 34 $0.201$100 MCP Age 35 to 39 $0.21 I $100 MCP Age 40 to 44 $0.281$100 MCP Age 45 to 49 0.36 I 100 MCP Age 50 to 54 $0.49 I 100 MCP Age 55 to 59 $0.741 100 MCP Age 60 and Above $0.91 I $100 MCP Voluntary Accident Employee Only 1 $4.63 PEPM Employee+Spouse $7.84 PEPM Employee+Child $8.52 PEPM Family $13.56 PEPM NOTE: All other plan provisions will remain unchanged. Ancillary Account Manager: Tonja Shastid Phone N: 972-996-9352 Policyholder Authorized Signature: Date: 701 E. 22nd Street, Suite 300 1 Lombard,I1-60148 October 26, 2021 Insurance products Issued by Dearborn Life Insurance Company, 701 E.22nd St. Suite 300, Lombard, 11.60148. Blue Cross and Blue Shield of Texas is the trade name of Dearborn Life Insurance Company, an independent licensee of the Blue Cross and Blue Shield Association. BLUE CROSS', BLUE SHIELD' and the Cross and Shleld Symbols are registered service marks of the Blue Cross and Blue Shield Association, an association of Independent Blue Cross and Blue Shield Plans.