Number
050738
Version
SUBSTITUTE 1
Reference
Sponsor
THE CHAIR
Title
Substitute resolution authorizing the Department of Employe Relations to contract with Willis of Wisconsin to complete a Medicare Part D Subsidy application.
Analysis
This resolution authorizes the Department of Employe Relations to contract with Willis of Wisconsin to complete a Medicare Part D subsidy application.
Body
Whereas, The Medicare Modernization Act of 2003 created by the United States Congress provided for Medicare Part D; and
Whereas, Medicare Part D is a prescription drug benefit that will be available to Medicare participants effective in 2006; and
Whereas, Medicare participants will be able to apply for one of several prescription drug plans that will be offered; and
Whereas, The City of Milwaukee, as an employer, provides a prescription drug benefit as a component of its Medicare supplement health insurance plan; and
Whereas, A Retiree Drug Subsidy of up to 28% is available from the United States Centers for Medicare and Medicaid to employers who provide a prescription drug benefit equivalent to the Medicare Part D plan; and
Whereas, An application process, including an actuarial determination, is required in order to verify that the City of Milwaukee’s prescription drug benefit is equivalent to Medicare Part D; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee, that the Department of Employe Relations is authorized to enter into a contract with Willis of Wisconsin to complete the application process and actuarial determination for the purpose of applying for a Retiree Drug Subsidy; and, be it
Further Resolved, That the Department of Employe Relations is authorized to expend up to $5,000 from the 2005 Health Care SPA, Cost Control sub-account for the purpose of conducting this application process.
Requestor
DER-Employe Benefits Division
Drafter
LRB05408-1
mar
10/7/2005