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Home My WebLink About#5187 Approving an Insurance Renewal Between the City of Canton and Gaurdian RESOLUTION NO. 5187 A RESOLUTION APPROVING AN INSURANCE RENEWAL BETWEEN THE CITY OF CANTON AND GUARDIAN FOR THE POLICY YEARS MAY 1,2019 TO APRIL 30,2020 WHEREAS, the City of Canton. Illinois provides life insurance, voluntary vision, dental and accident insurance to not only its various Union employees. but also its non-Union employees and elected officials; WHEREAS, the City and the Insurance Committee investigated and determined what options would be available for life insurance, voluntary vision, dental and accident insurance purposes to continue said coverage for the City employees; WHEREAS, the City, upon discussion and recommendation of the Insurance Committee, has determined that it is necessary and in the best interest to renew the health insurance policy and coverage through Guardian for the policy term period May 1, 2019 through April 30, 2010. NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND THE CITY COUNCIL OF THE CITY OF CANTON, FULTON COUNTY, ILLINOIS AS FOLLOWS: I. That the renewal attached hereto and incorporated herein as Exhibit A is hereby approved by the Canton City Council. 2. That the Mayor and the City Clerk of Canton. Illinois, are hereby authorized and directed to execute and deliver said agreement on behalf of the City of Canton. 3. That this Resolution shall be in full force and effective immediately upon its passage by the City Council of the City of Canton. Fulton County, Illinois, and approval by the Mayor thereof. PASSED by the City Council of the City of Canton, Illinois, at a regular meeting this 16'h day of April 2019, upon a roll call vote as follows: AYES: Aldermen Ryan Mayhew, Justin Nelson, John Lovell, Craig West, Angela Hale, Tad Putrich, Angela Lingenfelter,Quin Mayhew NAYS: None ABSENT: None APPROVED: Mayor ATTEST: City Clerk It's renewal i► time! ` l Guardian is here to help. g, RENEWAL INFORMATION FOR CITY OF CANTON GROUP PLAN # 00539043 RENEWAL PERIOD May 1, 2019 - April 30, 2020 g Guardian• guardiananytime.com The Guardian Life Insurance Company of America, New York. NY. What you'll find in this package RENEWAL INFORMATION PAGE Renewal Premiums At-a-Glance 1 College Tuition Benefit Annual Statement 2 Renewal Rates At-a-Glance 3 8 Guardian- baamian,,,�mLW I The GuarJian Lii. mm�ncc Company uf.4nmrica.Vcm 1'orA.\Y. CITY OF CANTON GROUP PLAN#00539043 Renewal Premiums At-a-Glance EMPLOYER-SPONSORED . Coverage Current Annual Renewal Annual % Change Dental $71,421 $71,421 0% Basic Life $15,085 $15,085 0% AD&D $1,397 $1,397 0% TOTAL $87,903 $87,903 0% KEY POINTS OF INFORMATION REGARDING PLAN PRICING Premiums shown above reflect a multi-line discount. If you do not wish to renew all lines of coverage, please contact us for revised pricing. . Product-specific rates shown in this package have been determined based on a number of factors, including employee age and gender, group location, changes in group size and claims experience (when applicable) EMPLOYEE-PAID VOLUNTARY COVERAGE Coverage Current Annual Renewal Annual % Change Voluntary Vision $19,253 $19,253 0% Voluntary Life $5,261 $5,261 0% We except the renewal offer from Guardian for 5/1/2019. Signature Date Title Guardian Life Insurance Company of America 8 Guardian- COLLEGE College Tuition Benefit Rewards Statement TUITION As of 01115/2019 BENEFIT Plan Number: 00539043 Plan Name: CITY OF CANTON CTB Effective Date: May 1, 2017 Current Lines of Coverage with CTB: Dental Total Accumulated Rewards For All Lines of Coverage: $533,000 Dear Guardian Planholder, Thank you for being a valued Guardian customer. This statement provides a snapshot of the total College Tuition Benefit points earned by your employees enrolled in one or more of the coverages listed above. To make sure points are properly credited, members can visit: www.Guardian.CollegeTuitionBeneft.com and register using the following information: User ID: Plan number Password: Guardian College Tuition Benefit is a great way to help your employees save money on college education. The example below demonstrates how College Tuition Benefit works. One Tuition Reward = $1 in tuition reduction. Please send any questions via email to admin(tpcollecwh itionbenefit.com. r...z v.-3 Ys4 Y.-3 Y.,. Y,J Grv6 ek SCn-rp Yw 1 Yq 3 Yea 3 Y.ar S Y 5 Yw 6 Y.v J TOTR Redact Wo H TOTK�dJ ttW f&000 Sa O00 SO,.00O 31GS00 M. M. so. _..t$ 00_� Vn11,1, //auardr ll.,.1.At b.n.fA com/for rnorc n.larmnKon Sincerely, The Guardian Life Insurance Company of America College Tuition Benefit is a tuition reduction program for a network of over 380 colleges and universities.This program is currently part of your employee benefit package and addresses a top employee concern -saving for college.The service is S0.45 per employee per month for each coverage accumulating the College Tuition Benefit.This is not a separate line item charge for you, but instead reflected in the total premium billed (though not an insurance charge). The Tuition Rewards program is provided by College Tuition Benefit. Guardian does not provide any services related to this program. College Tuition Benefit is not a subsidiary or an affiliate of Guardian. The College Tuition Benefit is not an insurance benefit and may not be available in all states.#2017-44972(exp. 8119). guardiananytime.com 2 The Guardian Life Insurance Company of America, New York.NY. CITY OF CANTON GROUP PLAN#00539043 Renewal Rates At-a-Glance This plan is currently offered for Insurance Class 1, 2, 3 and 4 Good news I There is a 3.00% rate cap on this coverage DENTAL PLAN RATES - PPO VZ CURRENT RENEWAL Enrolled Monthly Annual Monthly Annual Tier Employees Rate Premium Rate Premium EE 42 $20.78 $10,473 $20.78 $10,473 EE &SP 29 $42.19 $14,682 $42.19 $14,682 EE & CH 15 $55.16 $9,929 $55.16 $9,929 FAMILY 37 $81.84 $36,337 $81.84 $36,337 TOTAL 123 $71,421 $71,421 This plan is currently offered for Insurance Class 1, 2, 3 and 4 VOLUNTARY VISION PLAN RATES - CURRENT RENEWAL Enrolled Monthly Annual Monthly Annual Tier Employees Rate Premium Rate Premium EE 35 $10.94 $4,595 $10.94 $4,595 EE &SP 20 $18.42 $4,421 $18.42 $4,421 EE & CH 9 $18.79 $2,029 $18.79 $2,029 FAMILY 23 $29.74 $8,208 $29.74 $8,208 TOTAL 87 $19,253 $19,2531. Guardian Life Insurance Company of America 3 CITY OF CANTON GROUP PLAN#00539043 Renewal Rates At-a-Glance This plan is currently offered for Insurance Class 1, 2, 3 and 4 BASIC LIFE PLAN RATES CURRENT RENEWAL Monthly Annual Monthly Annual Coverage Volume Rate Premium Rate Premium BASIC LIFE $3,686,000 $0.260/$1000 $11,500 $0.2601$1000 $11,500 This plan is currently offered for Insurance Class 1 and 2 r : s PLAN RATES CURRENT RENEWAL Monthly Annual Monthly Annual Coverage Volume Rate Premium Rate Premium ADBD $3,326,000 $0.0351$1000 $1,397 $0.035/$1000 $1,397 This plan is currently offered for Insurance Class 1 and 2 DEPENDENT CURRENT RENEWAL Monthly Annual Monthly Annual Coverage Dependents Rate Premium Rate Premium DEPENDENT 77 $3.880/Dep $3,585 $3.880/Dep $3,585 LIFE This plan is currently offered for Insurance Class 1 and 2 VOLUNTARY EMPLOYEES CURRENT RENEWAL Employee Age Monthly Monthly Rate Rate 115-29 $0.097/$1000 $0.097/$1000 30-34 $0.116 $0.116 35-39 $0.149 $0.149 40-44 $0.209 $0.209 45-49 $0.338 $0.338 50-54 $0.568 $0.568 55-59 $0.852 $0.852 60-64 $1.296 $1.296 65-69 $2.472 $2.472 70-74 $5.202 $5.202 75-79 $5.202 $5.202 80-84 $5.202 $5.202 4 Guardian Life Insurance Company of America CITY OF CANTON GROUP PLAN#00539043 Renewal Rates At-a-Glance This plan is currently offered for Insurance Class 1 and 2 VOLUNTARY LIFE PLAN RATES (Continued) EMPLOYEES CURRENT RENEWAL 85-89 $5.202 $5.202 90-94 $5.202 $5.202 95-99 $5.202 $5.202 This plan is currently offered for Insurance Class 1 and 2 VOLUNTARY LIFE PLAN RATES SPOUSE CURRENT RENEWAL Employee Age Monthly Monthly Rate Rate 15-29 $0.097/$1000 $0.0971$1000 30-34 $0.116 $0.116 35-39 $0.149 $0.149 40-44 $0.209 $0.209 45-49 $0.338 $0.338 50-54 $0.568 $0.568 55-59 $0.852 $0.852 60-64 $1.296 $1.296 65-69 $2.472 $2.472 70-74 $5.202 $5.202 75-79 $5.202 $5.202 80-84 $5.202 $5.202 85-89 $5.202 $5.202 '.90-94 $5.202 $5.202 95-99 $5.202 $5.202 This plan is currently offered for Insurance Class 1 and 2 VOLUNTARY LIFE PLAN RATES CHILD(REN) CURRENT RENEWAL Monthly Monthly Rate Rate CHILD(REN) $0.1461$1000 $0.1461$1000 s Guardian Life Insurance Company of America CITY OF CANTON GROUP PLAN#00539043 Additional Dental Information DENTAL MAXIMUM ROLLOVER SUMMARY For Benefit Year Ending: 1 213112 01 8 ROLLOVER NUMBER OF QUALIFYING TOTAL ACCOUNT SIZE EMPLOYEES & DEPENDENTS ACCOUNT VALUE $0 181 $0.00 $1 -$250 63 $15,750.00 $251 -$500 54 $18,900.00 $501 -$750 0 $0.00 $751 -$1,000 0 $0.00 Over$1,000 0 $0.00 TOTAL 117 $34,650.00 152 of your Employees and Dependents currently are eligible for additional Maximum Rollover amounts. "Benefit Year'refers to the 12-month period during which charges are counted toward this plan's annual maximum. "Number of Qualifying Employees and Dependents"reflects information available at the time this renewal package was issued. Additional claims will affect this count. "Eligibility for additional rollover amounts reflects information available at the time this renewal package was issued. Additional claims will affect the eligibility for additional rollover amounts" Rollover amounts earned in the benefit year ending 1213112018 are applied to the members Maximum Rollover Account for use starting the next benefit year. Guardian Life Insurance Company of America 6