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HomeMy WebLinkAboutItem 15 - Post 65 Health InsuranceMEMO TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL FROM: BRUNO RUMBELOW, CITY MANAGER MEETING DATE: NOVEMBER 4, 2025 SUBJECT: RENEWAL FOR POST 65 RETIREE HEALTH INSURANCE RECOMMENDATION: City Council to consider renewal of an annual contract for post 65 health insurance with Retiree First. FUNDING SOURCE: Funds are available in the General Fund in the annual estimated amount of $957,775. BACKGROUND: City of Grapevine retirees aged 65 and over (Medicare eligible) currently have the option of a Medicare Advantage PPO with Aetna. The city also has a grandfathered Medicare Supplement with United American and a Medicare RX plan 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, Medicare education/enrollment assistance, and bill collection. Retiree First and the City's broker, Lockton, negotiated rates for this year's renewal. United American and Express Scripts saw an increase of 6.93%. Lockton was able to negotiate no rate increase with Aetna with no plan design changes. Retiree First secured additional quotes from Humana, BCBS, and Transamerica. After careful consideration, and to ensure the least amount of disruption to coverage, we recommended renewing with United America, Express Scripts, and Aetna Plans. This is an annual contract and one-year policy.