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Santa Fe committee approves Blue Cross Blue Shield contract for city health benefits; employees to receive one-pay-period premium holiday
Summary
The Santa Fe Quality of Life Committee on April 2 voted to approve an administrative-services contract for the city—s self-funded health plan with Blue Cross Blue Shield of New Mexico, following review by Aon and the benefits advisory committee.
The Santa Fe Quality of Life Committee on April 2 voted to approve an administrative-services contract for the city—s self-funded health plan with Blue Cross Blue Shield of New Mexico, following a vendor selection process and recommendations from the city—s benefits advisory committee and consultant Aon.
Alvin Valdez, the city—s benefits and wellness manager, told members the new contract is designed to keep the plan design unchanged while reducing costs. Trey Sarsfield, an actuary with Aon Consulting, presented financial comparisons and outlined two scenarios: a ~3 percent reduction to total premiums or keeping city budgets flat while offering employees a one-pay-period premium "holiday" (no medical, dental or vision deductions during a December pay period).
Key facts and committee concerns
- Contract and costs: The agenda listed a first-year…
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