Health and Benefits Broker Services

The vendor required to provide health and benefits broker services for include:
•    Provide analytical and strategic consulting services on an ongoing basis for group health and welfare benefit plans to the manager of insurance benefits. 
•    Provide comprehensive underwriting and financial analysis services (i.e., project total annual funding levels, per member per year funding levels, forecast alternative funding scenarios, project future medical inflation scenarios, etc. 
•    Advise city on how the group health and welfare benefit plans fit into the city’s overall compensation and benefit objectives.
•    Advise city as to whether current providers are best meeting the needs of the city and whether new providers should be sought in light of current and future costs. 
•    Review city’s current group health and welfare benefit plan to ensure compliance with state and federal laws governing insurance. 
•    Process for selection of carrier(s) and TPA(s) for group health and welfare benefit plans. 
•    Assist in the negotiation of the contractual terms between city and selected providers of group health and welfare benefit plans. 
•    Ensure that all contracts, plan documents and summary plan descriptions are produced and executed in a timely manner. 
•    Review and advise city as to whether the contract meets the term negotiated. 
•    Regularly review carrier(s) options and recommend implementation on a quarterly basis to the manager of insurance benefits. 
•    Secure renewal estimates for the upcoming plan year in a timely manner, preferably in early march. 
•    Evaluate the renewal proposals and report findings to city in writing. 
•    The consultant should have the ability and skill to negotiate the renewal proposals when appropriate. 
•    Act as a liaison between city, its individual employees and the insurance providers in resolving problems with an emphasis on seeking long-term solutions. 
•    Assist in the design, production and distribution of benefit information including but not limited to enrollment materials.

- Questions/Inquires Deadline: December 31, 2025