Benefits Consulting Services

The Vendor is required to provide for benefits consulting services for its department.
- Provide a comprehensive, well-designed benefit program that allows us to attract and retain the best employees.
- Demonstrated record of taking a strategic and innovative approach to the rising costs of health care and employee benefits, while maintaining fiscal responsibility and compliance with all relevant laws and regulations.
- Benefit Offering:
•    Benefits Enrollment Platform
•    COBRA billing
•    Dental Insurance (self-funded)
•    Medical Insurance (self-funded)
•    Voluntary Vision
•    Voluntary ID Theft Protection 
•    Voluntary Short-Term Disability 
•    Voluntary Accident, Critical Illness, Hospital Indemnity 
•    Long-Term Disability 
•    Life Insurance 
•    Employee Assistance Program 
•    Flexible Spending Accounts 
•    Health Reimbursement Account 
•    Stop Loss Insurance 
•    Other benefits such as retirement plans, wellness initiatives, tuition assistance, leave accruals
- Evaluating existing benefit plans for recommendations that enhance benefit options;
- Assisting the city in developing premium models and employee premium share arrangements and establishing annual premium equivalency rates for self-funded plans;
- Presenting alternative plan design considerations and associated costs based on identified objectives;
- Providing ongoing monitoring, evaluation, and review of all city benefit plans throughout the year. - Communication tools may include, but are not limited to, digital benefits booklets, multimedia content and other educational resources related to benefits.
- Providing notification of and assistance with understanding and implementing applicable government mandates, laws, federal and state regulations, ordinances, and programs;
- Reviewing the city benefit plan documents upon award and annually thereafter;
- Providing ongoing communication and alerting the city of any relevant compliance deadlines and employee communication deadlines;
- Offering educational tools for city benefits staff such as webinars, newsletters, and videos;
- Researching and providing guidance on related questions and/or issues as they arise.
- Produce ad hoc, monthly, quarterly and annual claims, utilization, and financial reports.
- This shall include, but is not limited to, the preparation of plan year budget development reports for self-insured plans that incorporate claim history and marketplace trends in their projections.

- Contract Period/Term: 1 year