HomeMy WebLinkAboutItem 11 - Insurance ServicesMEMO TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: -BELOW,RUMBELOW, CITY MANAGER
MEETING DATE: APRIL 19, 2016
SUBJECT: APPROVAL TO RENEW AN ANNUAL CONTRACT FOR
INSURANCE CONSULTANT SERVICES FOR GROUP HEALTH
BENEFITS
RECOMMENDATION:
City Council to consider approval to renew an annual contract with McGriff, Seibels &
Williams Insurance Services for insurance consultant services for group health benefits.
FUNDING SOURCE:
Funds are available in account 100-44540-109-1 (Professional Services) in the estimated
annual amount of $50,000.
The insurance consultants oversee our self-insured medical plan along with all other
employee health benefits. They assist staff with strategic benefit planning, benefit designs,
data analysis, and all areas of plan compliance. McGriff, Seibels & Williams helped design
strategies to contain costs from FY 2015 to FY 2016, which resulted in a 4% increase year
over year compared to an 8% national average increase. The McGriff, Seibels & Williams
Insurance Services contract was approved in 2015 for one year with three optional, one
year renewals. This request for approval is the first of three renewals available.
Request for proposals were taken in accordance with Texas Local Government Code
Chapter 252.022. RFP 424-2015 for Insurance Consultant Services for Group Health
Benefits was issued and opened publicly on February 11, 2015. The RFP public notice
was placed in the Fort Worth Star Telegram on January 8 and 15, 2015.
Staff recommends approval.