File #: 23-1073    Version: 1 Name:
Type: Resolution Status: Passed
File created: 6/21/2023 In control: City Council
On agenda: 7/18/2023 Final action: 7/18/2023
Title: Resolution authorizing the negotiation and execution of four, five-year service agreements for the third-party administration of Medical, Dental, and COBRA with Blue Cross Blue Shield of Texas in an estimated total annual amount up to $1,750,140; Pharmacy Benefit Management with Caremark PCS Health, LLC. in an estimated amount up to $11,121 annually; Life & Accidental Death and Dismemberment with Blue Cross Blue Shield of Texas in an estimated amount up to $97,464 annually; and, Long-Term Disability with Blue Cross Blue Shield of Texas in an estimated amount up to $106,451 annually, for a total estimated amount up to $1,965,176 annually for the City’s self-funded employee health benefits, with an estimated five-year total value in an amount up to $9,825,880.
Sponsors: Human Resources, Finance & Procurement
Attachments: 1. 23-1073 Agenda Memo, 2. Resolution - Health Benefits Administrator, 3. Evaluation Matrix - Health and welfare RFP 4570, 4. 23-1073 Presentation - 07.10.23wmd

Title

Resolution authorizing the negotiation and execution of four, five-year service agreements for the third-party administration of Medical, Dental, and COBRA with Blue Cross Blue Shield of Texas in an estimated total annual amount up to $1,750,140; Pharmacy Benefit Management with Caremark PCS Health, LLC. in an estimated amount up to $11,121 annually; Life & Accidental Death and Dismemberment with Blue Cross Blue Shield of Texas in an estimated amount up to $97,464 annually; and, Long-Term Disability with Blue Cross Blue Shield of Texas in an estimated amount up to $106,451 annually, for a total estimated amount up to $1,965,176 annually for the City’s self-funded employee health benefits, with an estimated five-year total value in an amount up to $9,825,880.