Title
Consider/Discuss/Act on a Resolution Authorizing the Interim City Manager to Enter into Contracts/Agreements with Allegiance Benefit Plan Management for Third Party Administrator Services, MaxorPlus for Pharmacy Benefit Management Services, Davis Vision for Vision Insurance Coverage, Kansas City Life for Long Term Disability Insurance Coverage, MetLife for Life Insurance Coverage, and Allegiance Benefit Plan Management for Section 125 Administration
Summary
COUNCIL GOAL: Operational Excellence
MEETING DATE: October 6, 2015
DEPARTMENT: Human Resources
CONTACT: Kathryn Usrey, Interim Human Resources Director
RECOMMENDED CITY COUNCIL ACTION:
* Approval of Resolution
ITEM SUMMARY:
* This Resolution authorizes contracts with Allegiance Benefit Plan Management for Third Party Administrator Services, Maxor for Prescription Benefit Management Services, Davis Vision for Vision Insurance Coverage, Kansas City Life for Long Term Disability Insurance Coverage, MetLife for Life Insurance Coverage and Allegiance Benefit Plan Management for Section 125 Administration.
BACKGROUND INFORMATION:
* The City of McKinney issued a Request for Proposals 15-63RFP Employee Benefits Administration & Insurance Products in July 2015.
* Proposals for 15-63RFP were received on August 10, 2015.
* Eighteen (18) proposals were received.
* The proposals were broken down into the following categories:
o Third Party Administration (TPA): Allegiance Benefit Plan Management, CIGNA, Blue Cross Blue Shield
o Prescription: MaxorPlus, CIGNA, Blue Cross Blue Shield, BeneCard
o Vision: Davis Vision, Eyemed, Security Life, Lincoln Financial (MGM), Cigna
o Long Term Disability (LTD): Kansas City life, CIGNA, Lincoln Financial
o Life: MetLife, Minnesota Life, State Farm, Lincoln Financial, CIGNA
o Section 125 Cafeteria Plan: Allegiance, Total Administrative Services Corp, Aflac (Wage Works), Discovery Benefits, HAS Bank (Blue Cross)
* Smith & Assoc...
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