Title
An Ordinance approving the award of RFP No. 2022-016 for the provision of Health Insurance and Employee Benefit Brokerage/Consulting Services to Holmes Murphy & Associates, LLC for a one-year term with up to four, one-year renewals and authorizing the City Manager to execute the same for the City. (F&BC 1/3/22)
Body
Issue/Request:
An Ordinance approving the award of RFP No. 2022-016 for the provision of Health Insurance and Employee Benefit Broker/Consulting Services to Holmes Murphy & Associates, LLC for a one-year term with up to four, one-year renewals and authorizing the City Manager to execute the same for the City.
Key Issues:
The City has utilized health insurance and employee benefit brokerage/consulting services since 2017. The current contract expires December 31, 2021. Therefore, the City issued RFP 2022-016 to conduct the procurement process for the selection of health insurance and employee benefit brokerage/consulting services beginning January 1, 2022. Utilizing a broker allows the City to leverage resources to continue providing a broader scope of services, better benefits for employees and contain costs.
Services Included by Brokerage Firm:
· A dedicated team of professionals to provide consistency in our services offered to employees
· On-site support as needed
· Customized reporting
· Increased employee benefits communication
· Compliance assistance with legislative updates, federal, state and local laws and professional opinion letters
· Funding and plan design analysis
· Program marketing
· Ancillary and Voluntary coverage analysis and implementation
· Client Education and Training
Proposed City Council Motion:
I move for second reading of an Ordinance approving the award of RFP No. 2022-016 for the provision of Health Insurance and Employee Benefit Broker/Consulting Services to Holmes Murphy & Associates, LLC for a one-year term with up to four, one-year renewals and authorizing the City Manager to execute the same for the Cit...
Click here for full text