All employee health benefit insurance matters for the Township of Parsippany-Troy Hills will be handled by the Insurance Broker of Record. The broker shall provide the following: ➢ The broker shall act as a liaison for health services by: a. Handing special contractual problems; b. Negotiating for the Township of Parsippany-Troy Hills with health care providers and insurance companies for preferred contract terms, rates and other issues and factors which would benefit the Township. Broker will also provide pricing and benefit comparison of the SHBP on an annual basis. c. Responding to inquiries for the Township of Parsippany-Troy Hills for information on insurance related matters. ➢ Procure at least three (3) quotations from qualified companies authorized to do business in the State of New Jersey at least thirty (30) days prior to the expiration date of any health contracts. ➢ Supply a representative to attend all meetings with the Township of Parsippany-Troy Hills administrators, staff or other agents, as needed (Open Enrollment, New Plan Meetings, FAS Meetings). ➢ Provide a monthly report detailing the monthly completion of duties along with open items to the Township Representatives. ➢ Monitor mutual adherence of health insurance contract terms from both the Township to the carriers and the carriers to the Town. ➢ Handle plan options, negotiations and compliance with unions. ➢ Provide monthly experience reports comparing current cycle with the prior cycle. ➢ FSA maintenance and management. ➢ Perform any other services required to properly fulfill the duties of a broker of record as assigned by the Township of Parsippany-Troy Hills.
