Medical Insurance Brokerage Services

The vendor required to provide medical insurance brokerage to be placed will include but not be limited to medical, dental, vision, life, accidental death and dismemberment, short and long-term disability, flexible spending accounts and ACA management.
- Requirement:
1. Plan design and strategic planning
•    Evaluate current benefits plan and recommend design changes to improve value
•    Assist in long term strategic planning for benefits program
•    Provide benchmarking data and analysis
2. Vendor management
•    Creation of annual benefit plan and wellness goals for agency.
•    Conduct competitive market analysis and preparation of materials to periodically market the various benefit plans. 
•    Responsible for the evaluation of proposals from insurance carriers and provide written analysis to agency.
•    Negotiate contracts and renewals with vendors
•    Monitor vendor performance and compliance
3. Compliance and legal support
•    Ensure compliance with all federal, state and local laws
•    Provide updates on legislative changes and their impact on agency benefits programs
4. Employee communication and education
•    Develop and implement communication strategies for open enrollment and ongoing education
•    Provide training and support for HR staff and employees in benefits-related topics
•    Provide all needed materials, forms, documents, resources, online tools etc., for benefits open enrollment specifically marketed for agency.
5. Data analytics and reporting
•    Analyze claims data to identify trends and cost drivers
•    Provide regular reports on plan performance and utilization
6. Customer service
•    Provide dedicated support for agency HR staff including a single point of contact for benefits inquiries and issues
•    Provide resources for employees to make informed benefit decisions
7. Record keeping and recommendations
•    Keep written records of marketing efforts and make these records available upon request by agency.
•    All insurance recommendations shall be provided in writing with a summary of alternatives and rationale for the proposed selection
8. Financial planning
•    The provider must be experienced in supporting self-funded plans, including stop-loss policy negotiation, third party administration (TP) coordination, pharmacy benefit manger program evaluation, plan performance monitoring, and financial modeling for renewal and funding strategies.