File #: 18-0558    Version: 1 Name:
Type: Resolution Status: Passed
File created: 4/30/2018 In control: City Council
On agenda: 5/15/2018 Final action: 5/22/2018
Title: Resolution Authorizing Negotiation and Execution of Service Agreements to Provide Third-Party Administration of the City’s Self-Funded Employee Benefits Resolution authorizing negotiation and execution of four, three-year service agreements to provide third-party administration of the City’s self-funded employee benefits for a total estimated cost of $127,400,000, with two one-year renewal options, as shown below: Blue Cross and Blue Shield of Texas (BCBSTX), a Division of Health Care Service Corporation, of Richardson, Texas, for medical, dental and COBRA plans with an estimated cost of $97,860,000. CAREMARKPCS Health, L.L.C. (CVS), of Northbrook, Illinois, for pharmacy benefits with an estimated cost of $26,800,000. Dearborn National Life Insurance Company, of Lombard, Illinois, for life insurance including ADD, optional and supplemental plans with an estimated cost of $2,060,000. Ochs Inc., on behalf of Madison National Life Insurance Company, Inc. (Ochs), of Madison, Wisconsi...
Sponsors: Human Resources, Contracts and Procurement
Attachments: 1. Agenda Memo - Health Benefits, 2. Resolution - Employee Benefits, 3. Evaluation sheets - Health Benefits, 4. Presentation - Employee Health Benefits (002)

Title

Resolution Authorizing Negotiation and Execution of Service Agreements to Provide Third-Party Administration of the City’s Self-Funded Employee Benefits

 

Resolution authorizing negotiation and execution of four, three-year service agreements to provide third-party administration of the City’s self-funded employee benefits for a total estimated cost of $127,400,000, with two one-year renewal options, as shown below:

 

Blue Cross and Blue Shield of Texas (BCBSTX), a Division of Health Care Service Corporation, of Richardson, Texas, for medical, dental and COBRA plans with an estimated cost of $97,860,000.

 

CAREMARKPCS Health, L.L.C. (CVS), of Northbrook, Illinois, for pharmacy benefits with an estimated cost of $26,800,000.

 

Dearborn National Life Insurance Company, of Lombard, Illinois, for life insurance including ADD, optional and supplemental plans with an estimated cost of $2,060,000.

 

Ochs Inc., on behalf of Madison National Life Insurance Company, Inc. (Ochs), of Madison, Wisconsin, for long term disability with an estimated cost of $680,000.