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Agenda - 09-14-2010 - 3
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Agenda - 09-14-2010 - 3
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11/4/2015 3:08:50 PM
Creation date
9/14/2010 9:47:57 AM
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BOCC
Date
9/14/2010
Meeting Type
Work Session
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Agenda
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3
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Minutes 09-14-2010
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\Board of County Commissioners\Minutes - Approved\2010's\2010
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11 <br />• Attachment 6 <br />SUPPLEMENTAL BENEFITS OVERVIEW <br />• <br />Page <br />County employees have been able to purchase income protection insurance through Colonial <br />Life. No contract exists with Colonial Life. In 2010 we increased employee access to Colonial <br />representatives, and employees increased participation by enrolling in 31 additional policies for <br />all types of voluntary benefits. This increased participation was much lower than anticipated, <br />with fewer than 12% of employees enrolling in short term disability policies. <br />Staff suggests that. these benefits can be better communicated to employees through the use of <br />another vendor. We are working with Mark III to determine the best products and <br />communication plan to inform County employees regarding the value of supplemental benefits. <br />We anticipate a change in vendors so that employees will be able to enroll in identical or better <br />coverage at the same or lower cost effective January 2011. <br />Number of Supplemental Benefits Policies <br />Colonial Product 2009 2010 <br />Short Term Disabilit 62 91 <br />Cancer Insurance 16 20 <br />Life Insurance Universal Life 4 2 <br />Life Insurance Term Life 16 9 <br />Accident Insurance 9 16 <br />Critical Illness Insurance 1 1 <br />Hos italization 2 2 <br />Total Policies 110 141 <br />• <br />
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