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fO: Mayor & Council <br />FROM: Finance Director -Treasurer erager <br />DATE: March 31, 1983 <br />RE: HEALTH INSURANCE <br />I recently received notice from Prudential Insurance Company <br />of their intent not to renew our group health and life insurance <br />policy when it expires, April 30, 1983. Nationwide,Prudential is <br />taking this action with small groups. This affects two employees <br />in the Police Department that have health insurance coverage ( all <br />other City employees are members of Group Health Plan) and all City <br />employees for life insurance. <br />I have contacted approximately six insurance agents and have <br />been informed that they do not know of any insurance company that <br />will provide group health insurance coverage for two employees. The <br />only plan that I have been able to find for these two employees is <br />the League of Minnesota Cities Insurance Trust Program (LMCIT). The <br />plan would offer health insurance and life insurance for the two <br />employees presently covered under the Prudential policy. It would <br />not, however, provide life insurance coverage for those employees <br />under the Group Health Plan. At the present time, I am in the process <br />of obtaining quotations for group life insurance and will present <br />those at your next meeting. 1 am requesting the Council at the next <br />regular meeting, pass a resolution authorizing the Mayor & Clerk - <br />Administrator to enter into an agreement with the LMCIT to provide <br />eroun I,ealrh and life insurance benefits for City employees. A copy <br />of an explanation of the plan is attached. <br />DD/ds <br />Attachment <br />4 <br />