HomeMy WebLinkAboutItem 11 - Post 65 InsuranceMEMO TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: BRUNO RUMBELOW, CITY MANAGER
MEETING DATE: OCTOBER 3, 2023
SUBJECT: RENEWAL FOR POST 65 RETIREE HEALTH INSURANCE
RECOMMENDATION: City Council to consider renewal of annual contract for post 65 health
insurance with Retiree First.
FUNDING SOURCE: Funds are available in the General Fund (Risk Management) in the annual
estimated amount of $750,000
BACKGROUND: City of Grapevine retirees aged 65 and over (Medicare eligible) currently
have the option of a Medicare Advantage PPO with Aetna or a Medicare
Supplement (Part F) with United American and Medicare RX Plan (Part D)
with Express Scripts. This contract authorizes a continuation of those
plans as well as all third -party administration (TPA) of the plans. Retiree
First is the current TPA of both plans. Retiree First offers patient
advocacy, education and enrollment service in addition to bill collection.
Retiree Frist negotiated rates for this year's renewal. After careful
consideration, and to ensure the least amount of disruption to coverage,
we recommend renewing with United American, Express Scripts, and
Aetna. This is an annual contract and one-year policy.