08/27/2000 Meeting Minutes - Laserfiche WebLink

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Special Council Meeting 8-27-01 Page 9 financial estate planning. You don't want that because there is crossovers and sometimes to keep things on a coordinated basis, you have checks and balances. I run into problems, not with Jim because Jim does a nice job, but sometimes you want to differentiate that 3rd party administrator from the agent. He happens to own that 3rd party administration--or is a part-owner in it. It's just another consideration: Even on a split-funded basis I am concerned about Anthem, if you stay with Anthem, and jump up to another carrier. There are other companies out there. The numbers I brought to the table, the last 10 years running have been 25-30% less than what is being paid today. It is just tweaking the plan somewhat and going with a fully insured plan. The other thing is I don't know administratively, we've been involved with some split funding, but administratively sometimes it is a nightmare because there are coding problems and if things aren't paid and what happens if it is an over-reimbursement or an under-reimbursement and then you have to go back and reconcile those. Everybody is human and mistakes are made. He asked if there were any questions. Council President Marquardt asked if there was any further discussion. There were no questions or comments. Council President Marquardt said we have a motion on the table to authorize Jim Hopkins of Corporate Plans as the Agent of Record. Mr. Buckholtz said we have time constraints but I know this is a serious issue. I wanted to make a comment that I appreciate the service and I know you called me Larry, I couldn't get back to any of my phone calls today--it was just one of those days at work or I would have discussed this with you. I am just going from the insurance meeting that we had on the 14th where it seemed like everybody was on the same page to try a new, fresh approach. I didn't want the lack of comment to be perceived as a lack of interest or a lack of studying the situation. Roll Call: AYES: Mr. Buckholtz, Mr. Busa, Mr. Ilacqua, Mr. Marquardt, Dr. Parker NAYS: Mrs. Cinco, Mrs. Mills Motion Carried Jim Hopkins of Corporate Plans, Inc. to be the Agent of Record for Health and Term Life Insurance for employees of Mayfield Village effective as of this date. First Reading of Ordinance No. 2001-14, "An emergency ordinance authorizing the purchase of 1.8 acres of vacant land along Highland Road from Ross Armao and Rose Armao. Mrs. Cinco, seconded by Mr. Buckholtz, made a motion to suspend the rules of Council requiring an ordinance to be read on three separate occasions. Roll Call: AYES: All NAYS: None Motion Carried Rules Suspended