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HomeMy WebLinkAboutItem 09 - Insurance Consultant ServicesMEMO TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL FROM: BRUNO RUMBELOW, CITY MANAGER MEETING DATE: APRIL 16, 2019 SUBJECT: APPROVAL OF AN ANNUAL CONTRACT FOR INSURANCE CONSULTANT SERVICES FOR GROUP HEALTH BENEFITS RECOMMENDATION: City Council to consider the approval of an annual contract for insurance consultant services for group health benefits with McGriff, Seibels & Williams Insurance Services for the Risk Department. FUNDING SOURCE: Funds for this purchase are available in account 100-44540-109-001 (Professional Services) for an amount not to exceed $50,000. BACKGROUND: McGriff, Seibels & Williams is the City's group health consultant.They assist with insurance placement for medical, dental, vision, life, disability and stop -loss insurance coverages. They also ensure that benefit designs are consistent with the strategic benchmarks, provide compliance tools and legislative information and provide data analysis on plans and performance. The Risk Department has an established relationship with McGriff, Seibels & Williams and determined that their expertise is necessary to guarantee the best price, quality, and service for plan participants. This contract is for an initial one-year period with one renewal option. This procurement will be made in accordance with Local Government Code Chapter 252, Subchapter B, § 252.022. General Exemptions (a) (4), professional services. Staff recommends approval. MH/LW