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File #: 2024-288   
Type: Resolution Status: Agenda Ready
File created: 10/11/2024 In control: City Council
On agenda: 11/7/2024 Final action: 11/7/2024
Title: Consider a resolution authorizing the Renewal of the City's Long Term Disability Policy with Madison National Life Insurance Company, Inc. for the period of January 1, 2025 through December 31, 2027.
Indexes: Self-Funded Health Insurance
Attachments: 1. Resolution, 2. Exhibit A

Title

Consider a resolution authorizing the Renewal of the City's Long Term Disability Policy with Madison National Life Insurance Company, Inc. for the period of January 1, 2025 through December 31, 2027.

 

Body

Madison National Life, the current provider of employee Long Term Disability benefits coverage, has offered a renewal for an additional three (3) years for a 0% rate increase.

 

Cost: $390,000

Source of Funds: Self-Funded Health Insurance