Metropolis Finance Committee reviews insurance contract, budget
Metropolis Finance Committee met Wednesday, Aug. 10.
Here are the minutes as provided by Metropolis:
Date: Wednesday, August 10, 2016
Time: 1:17 p.m.
Place: City Hall Council Chambers
Moved by Alderman David McManus and Second by Alderman Chuck Short to approve the minutes of the previous meeting held on 3-23-2016;
Corporate Counsel started the discussion of our Mutual Medical Insurance contract ending this year. We are insured as a TPA, third party administration, and can go out for bids for that part or the whole insurance package. A traditional plan will raise the costs like we had when we were with Blue Cross Blue Shield. Mutual Medical has saved the city major costs by shifting costs elsewhere. We have four plans that allow us to have huge savings. The consensus was to stay with Mutual Medical Insurance; no motion was made to go out for bids.
Tricia Suttles, CFO, presented the budget to discuss and approve. The next meeting will be held Wednesday, August 17th, 2016.
*No motions were made from today’s meeting.
Moved by Alderman Charles Barfield and Second by Alderman David McManus to adjourn; TIME 2:10