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R2023-11 Resolution Authorizing City Manager to Execute Contract Extension with First Mid Insurance Group DBA JL Hubbard Insurance and Bonds Agency for Employee Benefit Broker and Advisory Services
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R2023-11 Resolution Authorizing City Manager to Execute Contract Extension with First Mid Insurance Group DBA JL Hubbard Insurance and Bonds Agency for Employee Benefit Broker and Advisory Services
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2/9/2023 12:39:32 PM
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2/9/2023 12:39:31 PM
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Resolution/Ordinance
Res Ord Num
R2023-11
Res Ord Title
R2023-11 Resolution Authorizing City Manager to Execute Contract Extension with First Mid Insurance Group DBA JL Hubbard Insurance and Bonds Agency for Employee Benefit Broker and Advisory Services
Department
Finance
Approved Date
2/6/2023
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j First Mid <br /> INSURANCE GROUP <br /> ❖ Marketing and Selection <br /> ➢ Develop strategy to identify goals for the solicitation and selection of TPA, stop-loss <br /> insurance and related products and services <br /> ➢ Solicit qualified TPA's and represent the City in negotiations on issues related to costs, <br /> service, and contract terms and conditions <br /> ➢ Analyze and compare proposals for cost competitiveness, compliance to City needs, and <br /> value <br /> ➢ Evaluate proposals for service responsiveness, capabilities and performance record <br /> ➢ Develop recommendations to City that includes complete analysis for each proposal and <br /> identification of variations or differences in the proposals <br /> ➢ Recommendation will include complete discussion of why the recommended TPA and stop- <br /> loss insurance is the best value for the City <br /> ➢ After City approval of TPA and related products, complete everything necessary to ensure <br /> smooth transition to new benefit period <br /> ❖ Planning and Strategies <br /> ➢ Provide ongoing analysis of plan designs, cost containment strategies and cost sharing <br /> alternatives <br /> ➢ Review plan costs trends and develop strategies to minimize impact of future requirements <br /> of regulations <br /> ➢ Review and provide impact of current wellness programs <br /> ➢ Outline and describe additional wellness initiatives and assist with the development and <br /> implementation of the wellness programs <br /> firstini coin <br />
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