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Agreement - Insurance Consulting for Employee Benefits - Gibson
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Agreement - Insurance Consulting for Employee Benefits - Gibson
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4/4/2025 1:08:11 PM
Creation date
12/12/2019 9:27:24 AM
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Board of Public Works
Document Type
Contracts
Document Date
12/10/2019
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Benefits Consulting <br />➢ Create and deploy comprehensive RFP to the marketplace, and conduct market review for all benefits, as <br />needed. <br />➢ Provide information on latest trends and benchmarking data in employee benefit programs; including <br />health, dental, life, disability, and other ancillary coverages <br />➢ Multi -year / long-term strategic planning <br />➢ RFP preparation & coordination <br />➢ Carrier/vendor analysis & negotiation of rates, guarantees, and other services <br />➢ Regular evaluation of: plan design, funding platform, plan/claims administrators, provider networks, and <br />contribution strategy <br />➢ Cost -containment programs review <br />➢ Consumerism strategies <br />➢ Localized benchmarking <br />➢ 150 day pre -renewal meeting <br />➢ Prepare Executive Summary of results and recommendation when requested, and meet with the City <br />Council, bargaining units or others to presenddiscuss the current state of the program as requested by Client <br />Open Enrollment <br />➢ Collaborate with HR on open enrollment strategy <br />➢ Work with technology vendors (as needed) for updating all benefit lines <br />➢ Develop/coordinate open enrollment employee communications and meetings with employees <br />➢ Assist with coordination of vendors/carriers for annual employee benefits fair <br />➢ Provide HR staff support as needed for all open enrollment -related activities <br />HR & Compliance Support <br />➢ Facilitate and provide oversight for administrative training with HR staff and carriers/vendors <br />➢ HR Q&A and ongoing support for elevated administrative and claim issues <br />➢ HR360 (online HR library resource) access <br />➢ Compliance Dashboard <br />➢ Electronic newsletters <br />➢ Webinars & seminars <br />➢ In-house & retained legal counsel <br />➢ 5500 preparation (signature -ready), if needed <br />➢ Wrap plan document <br />➢ ACA filing/ongoing administration <br />➢ ACA compliance strategy and guidance <br />➢ HR audit Support <br />➢ COBRA administration support <br />
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