Specifications include, but are not limited to: (1)Strategic Planning. The proposal will outline how the Consultant will assist the County to define and prioritize short and long-term strategic health and welfare plan objectives. Some of the specific items to address include how to identify the performance of vendor relationships and assess vendor customer service levels; Methods; Communication; and Project timelines. (2)Plan Design. The proposal will describe how the Consultant will assist in creating and/or updating a benefit strategy that supports the County’s objectives. The proposal will discuss potential design change suggestions based on products available in the market and experience of other plans. Suggestions shall coincide with federal and state regulations to ensure compliance. The proposal will address how the Consultant will develop and present alternative plan designs to the County’s Benefits Committee, and how the Consultant will assist the County by evaluating the effectiveness of the current plan design and assist with the plan renewal process.(3)Financial Analysis. The proposal will describe how the Consultant will review andanalyze experience reports, assess current funding arrangements for appropriateness and make recommendations as needed; assist the County by evaluating excess loss coverage; assist the County with developing appropriate employee and employer contribution levels; and help project funding needs for upcoming fiscal year(s). It is expected that each year the Consultant will present the County with a formal disclosure statement of every dollar collected in connection with the County’s account. The proposal will describe capabilities in ongoing plan performance monitoring, plan performance forecasting, claims experience analysis, benchmarking and reporting. How will your firm engage with underwriters to ensure the lowest possible cost of reinsurance?
