title
Authorization to ratify purchase of coverages for Employee Health Insurance Benefits.
presenter
Presenter: Dominick Maniscalco, Deputy Chief Human Resources
end
Recommendation
The Interim Chief Executive Officer (“CEO”) of the Chicago Housing Authority (“CHA”) recommends that the CHA Board of Commissioners (“Board”) approve the allocation of funding for CHA’s employee health insurance benefits for an increase of 6.4% YOY for a total of $11,822,805 for 2025. For 2025, the Board provided a total spend of 11,656,567.
Contract Summary
|
Term |
Board Approved Amount |
|
2023 (Base Term) |
$ 10,572,850.00 |
|
2024 (Option Year 1) |
$ 11,101,493.00 |
|
2025 (Option Year 2) |
$ 11,656,567.00 |
|
2026 (Option Year 3) |
$ 12,239,395.00 |
|
2027 (Option year 4) |
$ 12,851,365.00 |
The total 2025 renewal increase amount is 6.4%, 1.4% over the board approved amount with the following cost breakout:
The requested action complies in all material respects with all applicable federal, state, and local laws, and CHA policies. CHA staff has completed all necessary due diligence to support the submission of this initiative.
|
Coverage |
Recommended Insurer |
2025 Recommendations |
|
Medical |
Blue-Cross Blue Shield |
$10,391,355 |
|
Dental |
Blue-Cross Blue Shield |
$519,244 |
|
Vision |
Blue-Cross Blue Shield |
$53,847 |
|
Retiree Medical, Dental & COBRA |
Blue-Cross Blue Shield |
$126,000 |
|
Life and AD&D |
MetLife |
$221,618 |
|
Short-Term Disability |
MetLife |
$220,620 |
|
Long-Term Disability |
MetLife |
$72,121 |
|
Long-Term Care |
Unum |
$77,000 |
|
Flex Spending |
Ameriflex |
$25,000 |
|
Employee Assistance |
Perspectives |
$9,000 |
|
Health Savings Plan (administrative) |
Empower/Optum |
$6,000 |
|
Wellness Programs |
Various Providers |
$100,000 |
|
|
Total Premium |
$11,822,805 |
Based on the foregoing, it is in the best interest of the CHA for the Board to authorize the CEO or her designee, to approve the allocation of funding for CHA’s employee health insurance benefits for an increase of 6.4% YOY for a total of $11,822,805 for 2025. For 2025, the Board provided a total spend of 11,656,567.
Respectfully Submitted:
______________________
Angela Hurlock
Interim Chief Executive Officer