Agenda Packets - 1983/03/28 - Laserfiche WebLink

Home Browse Search

rI C __� league of minnesota cities LMCIT/WASUINGTON NATIONAL HEALTH INSURANCE PLAN The League of Minnesota Cities insurance Trust (LMCIT) Board has approved 1983 renewal premium rates for the health insurance plan offered by LMCIT in cooperation with Washington National. Cities will also now have an option to choose higher deductibles, as well as an option for an increased amount of life insurance. BENEFITS Medical dividual pays a $100 calendar year e�dutble. Under the basic plan each insured in No more than three deductibles will be charged against any one family p year. The city can also choose a $250 or $500 deductible, at reduced cost. After the deductible is satisfied, the plan pays 80% of the individual's covered medical costs; the individual pays the remaining 20%. After the individual has paid a total of $500 over and above the deductible, the plan pays 100% up to a lifetime limit of $1,000,000. The plan includes all benefits required by statute, including maternity, chemical dependency, etc. Life Insurance The basic plan includes $5000 term life insurance on each employee. The amount of life insurance may be increased to $10,000 for any an additionaelyloyedl charge.empThe up scheduled amount of life insurance applies to age 70. After age 70, the life insurance reduces to 25% of the scheduled amount. Disability Income Insurance coveragerpays s6612/3% ofcthe employee'sssalary aupetosaamaximum ofseither on. The coverae $100 or $200 at the city is option. Benefits commence on the first day of disability cause) by accident and on tile eight day of disability caused by illness. Benefits are payable for a maximum of 26 weeks for any one period of disability. Note: if the city chooses to offer disability income coverage, all l employee employees must be enrolled; the coverage is not optional on an individual employee basis. -over- RC, 1-,ni J, mini ' i 11 i 1 01 (61 2) r P7.5600