HomeMy WebLinkAbout~Master - Renewal of Flex Spending Account Administration RESOLUTION NO. 09-505
RESOLUTION APPROVING RENEWAL OF
2010 FLEXIBLE SPENDING ACCOUNT ADMINISTRATION
WITH WELLMARK
FOR THE CITY OF AMES
WHEREAS, a Flexible Spending Account (FSA), as provided to benefit-eligible City
employees, allows an employee to set aside a portion of his/her earnings to pay for qualified
expenses, such as health insurance premiums and medical and dependent care expenses; and,
WHEREAS,money deducted from an employee's pay into an FSA is not subject to payroll
taxes, which can result in substantial payroll tax savings to the individual; and,
WHEREAS,Wellmark Blue Cross Blue Shield(WBCBS)has administered the City's FSA
program over the past several years, and during that time, WBCBS has provided good customer
service; and,
WHEREAS, effective January 1,2010,WBCBS will charge$4.446 per contract per month
in claims processing fees and $1,978.20 in annual administration fees; and,
WHEREAS, this represents an increase of 3.7% from the calendar year 2009 rates.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Ames, Iowa,
that renewal of the Flexible Spending Account administration with Wellmark Blue Cross Blue
Shield for 2010 is hereby approved.
ADOPTED THIS 27tt'day of October, 2009.
Diane R. Voss, City Clerk Ann H. Campbell, Mayor
Introduced by: Goodman
Seconded by: Mahayni
Voting aye: Doll, Goodman, Larson, Mahayni, Popken, Rice
Voting nay: None Absent: None
Resolution declared adopted and signed by the Mayor this 27"' day of October, 2009.