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 t...
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