Title:
Consider and take action on a resolution authorizing agreements with various third-party administrators for medical, life insurance, long term disability, and pharmacy benefit manager services for the period of October 1, 2022 to September 30, 2025 (Director of Human Resources and Civil Service)
Background:
Approval of this item will finalize selection of our third-party administrators and pharmacy benefit manager services for the October 1, 2022, through September 30, 2025, plan years.
The City's current third-party administrators for health, pharmacy, long term disability, and life insurance contracts expire on September 30, 2022. The City conducted a request for proposal (RFP) for third party administration for our medical plans including Preferred Provider Network(s), pharmacy benefit manager services, life insurance and long-term disability.
The RFP was released on Tuesday, March 1, 2022, and closed on Monday, April 4, 2022. With the help of our benefits consultants, HUB International, a detailed analysis of the submitted responses was conducted during the month of May with the following objectives in mind:
? Alignment with City of League City’s objectives and support by management and Council;
? Demonstrated superior member service and claims processing;
? Ability to proactively meet the City of League City’s service needs;
? Willingness, experience, and capability to effectively administer the programs;
? Support during the implementation process; and
? Options to manage costs.
On May 4, 2022 the City Manager, staff, and HUB International met to review the results of the RFP. Two finalists for Medical Third-Party Administrator (TPA) services, three finalists for Pharmacy Benefit Manager (PBM) services and three finalists for auxiliary plans were identified for final consideration by City Council.
Staff Recommend...
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