Laserfiche WebLink
FirstMid <br /> INSURANCE GROUP <br /> The intent of this Letter of Understanding is that of a working document for the Scope of Services <br /> requested. It will vary periodically as mutually agreed based on the needs of the City of Decatur <br /> benefit plans at the time. <br /> The effective date of this extension will be an annual option of the City of Decatur beginning June 1, <br /> 2023 and ending May 30, 2025 as provided in our response to the original Request for Proposal issued <br /> by the City of Decatur and accepted by the City April 22, 2015. First Mid Insurance Group, Inc. will <br /> continue services for the current annual agreed fee of$45,920 effective June 111, 2022 with an annual <br /> increase of 2.5% beginning June 11t, 2023 and June 1St, 2024 if option years are elected. This is payable <br /> in quarterly installments of$11,767.00 at the beginning of each quarter for the option year June 1, <br /> 2023 through May 30, 2024. It is further noted that this compensation is the only compensation we <br /> will receive related to your medical insurance account. We will not accept any additional <br /> compensation from any insurance source. <br /> Our consulting fee for this project includes not only my time, but the time and experience of our entire <br /> staff. Laura Sotelo, supervised by Stephanie Jackson will be the dedicated Account Executives that will <br /> coordinate all aspects of this project. <br /> I am confident you will find our services of value and look forward to a long-term partnership with you <br /> and the City of Decatur. Please execute this Letter of Understanding with your signature below. <br /> Sincerely, <br /> Rick Semonis, CLU Scot Wri ton <br /> City Manager, City of Decatur Illinois <br />