Employee Benefits Consultant Services

The Vendor is required to provide employee benefits consulting firms to serve as an independent advisor in reviewing and developing a strategy to reduce costs while maintaining competitive employee benefits.
- The consultant is expected to provide a comprehensive review of current benefits for market competitiveness and cost effectiveness.
- The consultant shall evaluate alternative methods of benefits delivery, including self-insurance, traditional insurance and pooled models, and recommend a strategy for benefits delivery that maximizes value and price stability.
- Independence and conflict of interest requirements
• The consultant is acting solely as a fiduciary or independent advisor to the county.
• The consultant shall not receive commissions, contingent compensation, bonuses, overrides, marketing allowances, or any other compensation from any insurance carrier, third-party administrator, pharmacy benefit manager, stop-loss carrier, or health benefits vendor related to this engagement or any recommendation arising from it.
• Compensation under this engagement shall consist solely of a fixed fee or hourly professional services fee paid directly by the county.
• The consultant shall disclose all existing business relationships with:
• Insurance carriers
• Third-party administrators
• Pharmacy benefit managers
• Stop-loss insurers
• Health benefit pools or consortiums
• Employee benefits brokers
• Any subcontractors proposed for the project
• The consultant shall disclose any financial interest that could reasonably appear to influence the recommendations made to the county.
• The consultant shall not recommend any solution based upon compensation opportunities available to the consultant or its affiliates.