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Tuesday, November 5, 2024

Metropolis Finance Committee reviews insurance contract, budget

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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

ROLL CALL:

Barfield Present

Canada Present

McManus Present

Short Present

Moved by Alderman David McManus and Second by Alderman Chuck Short to approve the minutes of the previous meeting held on 3-23-2016;

Motion Carried:

Barfield Yea

Canada Yea

McManus Yea

Short Yea

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

MOTION CARRIED

Barfield Yea

Canada Yea

McManus Yea

Short Yea

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