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HomeMy WebLinkAboutItem 12 - Group Health Benefits MEMO TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL FROM: BRUNO RUMBELOW, CITY MANAGER* MEETING DATE: APRIL 18, 2017 SUBJECT: APPROVAL TO RENEW AN ANNUAL CONTRACT FOR INSURANCE CONSULTANT SERVICES FOR GROUP HEALTH BENEFITS RECOMMENDATION: City Council to consider renewal of 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$50,000.00. BACKGROUND: McGriff, Seibles & Williams is the City's insurance broker of record in order to solicit, negotiate and service insurance policies for the City for the following lines of coverage: Medical, Dental, Long Term Disability, Pharmacy Benefit Management, Vision, Stop loss, and life insurance. They also assist with benefit planning, benefit design, vendor selection, RFP's, compliance tools and legislative information. The insurance consultant services for group health benefits contract is for one year with three optional one year renewals. If approved, this will be the second renewal option available. Requests 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. MH/BS