TITLE
Consider a memorandum/resolution recommending to the Employee Benefits Trust the selection of MetLife for employee dental insurance and approving contracts for an online benefit system, life and disability insurance, vision insurance, and worksite benefits.
SUMMARY
DATE: April 6, 2021
TO: Kent Cagle, City Manager
FROM: Eva Bark, Executive Director of Human Resources
SUBJECT: Recommendation to the Employee Benefits Trust for the selection of dental insurance and approving contracts for an online benefit system, life and disability insurance, vision insurance and worksite benefits.
BACKGROUND AND FINDINGS:
In partnership with the City’s Employee Benefit Consultant, Lockton Dunning, on January 17, 2021, the City initiated a Request for Proposal 21-017 (RFP) to solicit bids for an online benefit enrollment system that also administers COBRA (Consolidated Omnibus Budget Reconciliation Act) and ACA (Affordable Care Act) reporting. The RFP also included the review of dental insurance and life insurance (basic life and basic accidental death and dismemberment) paid by the City, as well as voluntary term life and voluntary accidental death and dismemberment, disability insurance (voluntary short-term and long-term disability), vision insurance, and worksite benefits paid by the employee. Staff received and reviewed proposals from five (5) vendors that provide an online benefit enrollment system, five (5) dental vendors, eight (8) vision vendors, four (4) life and disability vendors, and nine (9) worksite benefits vendors. The review and evaluation of the proposals was based on product offerings, reputation of the vendors, and cost savings for the City and the employees.
In evaluation of the online benefit enrollment systems, the City saves an estimated $12,395 by continuing services with the current system, BenAdmin, managed by Web Benefits Design (WBD). The reduction in cost includes savings from platform financial support received from new dental, v...
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