The selected Health Benefits Consultant shall identify the base cost of services as provided under the Scope of Services and identify the cost impacts of the various options/alternatives itemized separately; fees for additional services clearly stated. The work of the consultant shall include: 5.1 Market all insurances and stop loss to include, but not be limited to, preparation of bid specifications, evaluation of proposals received, and recommendations on contracts to be signed for with effective date to be determined by the Town. 5.2 Coordinate and review necessary demographic data for marketing. 5.3 Should the Town and/or Board of Education elect to change carriers following the marketing process, manage and review the SPD development ensuring that the Successful Respondent provides benefits that are comparable to or better than those currently in effect. 5.4 Provide a disruption analysis relative to the provider, pharmacy, hospital and appropriate other vendor networks. Attend various employee, committee, BOE and Town meetings as necessary. 5.5 Review all contracts and booklets. Prepare, advise and file any IRS required forms. 5.6 Review current plan experience, claims, and market trends, and negotiate cost savings and renewal premiums with all insurance providers on an as needed basis. 5.7 Periodically review the health insurance plans, claims and fees and provide a reasonability analysis in comparison with industry norms...
