The scope of services covered in this RFP is to assist the City in planning and analyzing the City’s health insurance and related benefits over the term of the awarded contract. It is expected that the Consultant will serve as a fiduciary of the City and will be able to provide a comprehensive set of services including but not limited to: Plan Management, Data Analysis and Meetings with City • Provide information on employee benefit issues, trends, assist with Strategy Development, and proposed or new legislation. • Conduct annual reviews of claims administrators for quality of benefits, cost effectiveness and competitiveness and plan administration. • Consult with client to ensure plan documents are accurate and compliant due to regulatory changes. • Complete a quarterly analysis of the key drivers of the City’s health and dental plan costs and the cost-effectiveness of the current plan designs. Benchmark with comparable groups. • Meet monthly/quarterly with either or both the Human Resources Department and/or, City Benefits Team and the City Benefits Committee, to review results and discuss plan implications. • Conduct and provide the City with Benchmarking data as needed. Annual Medical, Pharmacy and Dental Plan Renewals including plan Negotiations and Other Voluntary Benefits including vision, flexible spending, and ACA reporting. • Assist in the development of an annual renewal strategy and conduct a pre renewal analysis of health and dental plan utilization, claims history and census data to determine if the calculation provided by the carrier is consistent...
