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COST/BENEFIT ANALYSIS <br /> For the following example, lets assume the City contributes $330 per month for family <br /> coverage, changes to PEIP and opts for the co-payment rates. (Please refer to the cost savings <br /> analysis on Attachment C.) <br /> Since the City's contribution is larger than the single coverage premiums, the City has <br /> historically paid for single coverage in full. If these premiums were to decrease, the City would <br /> directly benefit from these savings. Attachment C refers to employer paid health and employer <br /> paid dental. These numbers reflect what the actual cost for premiums would be with PEIP. In <br /> this case, the City would save $10,703.28 per year on health premiums and $1,162.68 per <br /> year on dental premiums. <br /> Attachment C also refers to employee paid health and employee paid dental. These numbers <br /> reflect what g-actualout of-pocket cost would-be for employeeswith family-under-PEIP. In — <br /> this example, the employees would save $40,968.36 per year on health premiums and <br /> $1,671 .48 per year on dental premiums. <br /> This computes to a savings of $54,199.80 for the first year of the contract for both the City <br /> and its employees. <br />