title
Consider/Discuss/Act on a Resolution Authorizing the City Manager to Execute a Contract with Cigna for Third Party Administration Services of the Medical, Wellness, and Dental Plans, MaxorPlus for Pharmacy Benefit Management, and SunLife for Group Life and Long-term Disability Insurance
Summary
MEETING DATE: August 20, 2013
DEPARTMENT: Human Resources
Purchasing
CONTACT: Tadd Phillips, Director of Human Resources
Erin Boddie, CPPB, Contract Administrator
RECOMMENDED CITY COUNCIL ACTION:
* Approval of Resolution.
ITEM SUMMARY:
* This Resolution authorizes contracts with Cigna for Third Party Administration Services of the Medical, Wellness, and Dental Plans, MaxorPlus for Pharmacy Benefit Management, and SunLife for Group Life, AD&D, and Long-term Disability Insurance effective January 1, 2014.
BACKGROUND INFORMATION:
* The City of McKinney issued a request for proposals (13-30RFP) for Health & Welfare Benefits, in June 2013.
* Bid opening of 13-30RFP was held on July 11, 2013.
* Total of twenty eight (28) bids were received.
* IPS Advisors, the City's benefits consulting firm, reviewed the proposals based on the following criteria set forth in the RFP:
Medical, Dental, Pharmacy Benefit
* Cost
* Cost Containment/Innovative Solutions
* Population Health Management Programs
* Communication
* Claims Processing
* Integrated Systems/Technology Initiative
* Past Performance
Wellness, Life, AD&D, and Disability Insurance
* Cost of Services
* Reporting
* Technology Capabilities
* References/Relevant Services/Explanations
* Enrollment/Communication Materials
* IPS Advisors provided their analysis and recommendations to the committee of six (6) staff members consisting of representatives from Human Resources and Finance departments.
* The committee interviewed the finalists recommended by IPS Advisors and conducted a thorough review of their analysis.
* Of the twenty eight (28) firms that submitted bids, the ...
Click here for full text