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y� sy F Ft. <br />t.t Q y� <br />SWo <br />City of Sunny Isles Beach <br />18070 Collins Avenue <br />Sunny Isles Beach, Florida 33160 <br />(305) 947-0606 City Hall <br />(305) 949-3113 Fax <br />MEMORANDUM <br />TO: Honorable Mayor and City Commissioners <br />VIA: Stan Morris, City Manager <br />FROM: Yael Y. LondoA±o <br />DATE: February 17, 2022 <br />RE: Approval of Selection of 2022 Insurance Providers: Cigna (Health); Cigni <br />(Dental); EyeMed (Vision); Mutual of Omaha (Life/AD&D, Long -Tern <br />Disability, Voluntary Short Term Disability, and Voluntary Life) <br />RECOMMENDATION: <br />It is recommended that the City Commission consider the attached resolution approving the selection <br />of the following providers: Cigna (Health); Cigna (Dental); EyeMed (Vision); and Mutual of Oman. <br />Life/Accidental Death and Dismemberment (AD&D); Long -Term Disability (LTD); Voluntary Short Tern <br />Disability (STD); and Voluntary Life insurance. <br />REASONS: <br />The City makes available various insurances as a benefit to its employees. The insurances promote <br />health, wellness, and protection. As such, staff requested the City's insurance brokers (Brown and <br />Brown) issue requests for proposals for insurance coverage at basically the same levels as the existing <br />coverage. After extensive negotiations with the various providers, Brown & Brown and staff <br />recommend acceptance of the following provider proposals. See Attachment A (Insurance Summary <br />Table and Proposals). <br />ADDITIONAL INFORMATION: <br />Staff worked diligently with our brokers to secure the best pricing and plans for our insurance <br />coverage. Proposals that seemed competitive, but did not meet our plan standards were eliminated <br />from consideration. Employees will be advised of the changes and we have tentatively scheduled <br />information and enrollment sessions, in order to effectuate any changes by March 1, 2022, provided <br />receipt of City Commission approval. <br />Lastly, all of the recommended providers have an AM Best's Rating of "A" which is "Superior" to "Ver) <br />Item Number: 10.A <br />125 <br />