HomeMy WebLinkAboutItem 19 - Vision InsuranceMEMO TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: BRUNO RUMBELOW, CITY MANAGER
MEETING DATE: SEPTEMBER 5, 2023
SUBJECT: CONTRACT FOR VISION INSURANCE
RECOMMENDATION: City Council to consider renewal of a contract for vision insurance from
Vision Service Plan (VSP).
FUNDING SOURCE: Funds are available in the General Fund (Risk Management) in the
estimated annual amount of $154,000.
BACKGROUND: The City of Grapevine offers vision insurance for all benefit -eligible
employees and their eligible dependents. This plan is currently offered
through VSP. They have provided a renewal with no increase with the
same level of coverage.
VSP's network includes 76,000 independent providers with 22,000 retail
locations. VSP has agreed to a two-year contract with no rate increase.
City staff reviewed the proposal options and determined that VSP's
current plan would continue to provide the best service and pricing for
meeting the needs of the City.
Staff recommends approval.