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CITY OF ST. ANTHONY, MINNESOTA <br />NOTES TO FINANCIAL STATEMENTS <br />December 31, 2011 <br />B. BENEFITS PROVIDED <br />Retirees <br />The City is required by State Statute to allow retirees to continue participation in the City's group <br />health insurance plan if the individual terminates service with the City through service retirement or <br />disability retirement. To be eligible for benefits, an employee must qualify for retirement or disability <br />benefits from a Minnesota public pension plan. The employee may continue to participate in the <br />City's group health insurance plan that the employee was a participant of immediately prior to <br />retirement. Employees may obtain dependent coverage at retirement only if the employee was <br />receiving dependent coverage immediately prior to retirement. Covered spouses may continue <br />coverage after the retiree's death. The surviving spouse of an active employee may continue coverage <br />in the group health insurance plan after the employee's death. <br />All health care coverage is provided through the City's group health insurance plans. The retiree is <br />required to pay 100% of their premium cost for the City -sponsored group health insurance plan in <br />which they participate. The premium is a blended rate determined on the entire active and retiree <br />population. Since the projected claims costs for retirees exceed the blended premium paid by retirees, <br />the retirees are receiving an implicit rate subsidy (benefit). The coverage levels are the same as those <br />afforded to active employees. Upon a retiree reaching age 65 years of age, Medicare becomes the <br />primary insurer and the City's plan becomes secondary. <br />Disabled police and firefighter <br />The City continues to pay the employer's contribution toward health coverage for Police or <br />Firefighters disabled in the line of duty per Minnesota Statute 299A.465, until age 65. Coverage for a <br />spouse is included, if the spouse was covered at the time of the disability. The January 1, 2011 <br />through December 31, 2011 monthly premiums paid for Police or Firefighters disabled in the line of <br />duty are: <br />Employee <br />Employee Plus Spouse <br />Open Access <br />$734 <br />$1,562 <br />Distinctions IEI <br />684 <br />1,459 <br />$1,200 deductible plan HSA <br />514 <br />1,096 <br />3 for Free Plan <br />484 <br />1,032 <br />70 <br />