Dental insurance and all other ancillary coverage for East Central College employees will be provided by Guardian for 2013.
College trustees approved the change in provider at their Nov. 5 meeting.
“Schroepfer Bauer Insurance, our insurance broker, was able to obtain a packaged savings discount by moving dental, life, accidental death and dismemberment and long term disability to Guardian,” said Wendy Hartmann, ECC’s director of human resources.
Reliance Standard is the current provider of ancillary coverage and for 2013, the company’s rate for dental coverage would climb to $35.42 per month, an increase of 27.3 percent.
The Guardian rate would be a 13.7 percent increase from the current monthly rate with essentially the same benefits and a larger dental network, which would result in greater in-network savings.
The proposal includes a one-year 5 percent renewal cap on dental. ECC will receive a rate reduction for life, accidental death and dismemberment and long-term disability.
“With this package, the increase will amount to $7,850 rather than more than $26,000 if we maintain coverage through Reliance,” said Scott Schroepfer. “This will give employees better benefits and allow for better cost control.”
In October trustees authorized renewal of health insurance with Coventry, and vision insurance through VSP.
Trustees also approved updating bank resolutions based on recent changes in personnel and approved the replacement of the current corporate credit card vendor.
ECC will switch from American Express to Visa cards through UMB Bank, thereby taking advantage of a state negotiated and regulated credit card service.
One advantage to the UMB card is the ability to download card usage information in a format that can be reconciled and uploaded into ECC’s financial records system.