Reso 2014-2184 - Laserfiche WebLink

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TO: City of Sunny Isles Beach 18070 Collins Avenue Sunny Isles Beach, Florida 33160 (305) 947 -0606 Citm 11A (305) 949 -3113 Fax (305) 947 -2150 Building Dcpartmcnt (305) 947 -5107 Fax MEMORANDUM The Honorable Mayor and City Commission FROM: Yael Y. Londoho, Human Resources Manager VIA: Christopher J. Russo, City Manager DATE: February U, 2014 RE: Approval of Selection of 2014 Insurance Providers: EyeMed (Vision); Mutual of Omaha (Life /AD &D, Voluntary Short Term Disability, and Voluntary Life) RECOMMENDATION co, Communion Norman S. Edelcup, ;11a)nr Isaac Aelion, Vi,e A la) or Jeanette Gatto, Coznna �ioner Jennifer Levin, Commi.f4oner George "Bud" Scholl, Commit riora,r Christopher J. Russo, Cz`) A1an�her Hans Ottinot, City/lllonie� Jane A. Hines, City Ckrk Cigna (Health & Dental); Long -Term Disability, It is recommended that the City Commission consider the attached resolution approving the selection of the following providers: Cigna (Health; Dental); EyeMed (Vision); and Mutual of Omaha Life /Accidental Death and Dismemberment (AD &D); Long -Term Disability (LTD); Voluntary Short Term Disability (STD); and Voluntary Life insurance. REASONS The City makes available various insurances as a benefit to its employees. The insurances promote health, wellness, and protection. As such, staff requested the City's insurance brokers (Brown and Brown) issue requests for proposals for insurance coverage at basically the same levels as the existing coverage. After extensive negotiations with the various providers, Brown & Brown and staff recommend acceptance of the following provider proposals. See Attachment A (Insurance Summary Table and Proposals). ADDITIONAL INFORMATION Staff worked diligently with our brokers to secure the best pricing and plans for our insurance coverage. Proposals that seemed competitive, but did not meet our plan standards were eliminated from consideration. Department Heads were given an overview of the initial proposals and included in the decision - making process. Further, employees will be advised of the changes and we have tentatively scheduled information and enrollment sessions, in order to effectuate any changes by March 1, 2014, provided receipt of City Commission approval. Lastly, all of the recommended providers have an AM Best's Rating of "A" which is "Superior" to "Very Good ", and all agreements will be reviewed as to form and legal sufficiency by the Office of the City Attorney. A complete set of all of the final proposals will be on file in the City Clerk's Office.