TO: Board of Supervisors
FROM: Human Resources
MEETING DATE: January 23, 2018
DEPARTMENT CONTACT:
Heidi Dunham
PHONE:
234-6600
DEPARTMENT CONTACT:
Jason Claunch
PHONE:
234-6600
ITEM TYPE: Consent Agenda
TIME ALLOCATED FOR ITEM: N/A
AGENDA TITLE:
title
Approval of Retroactive Agreement with InterRemedy Insurance Services (a Sub-Contractor of Voya Financial) to Provide Stop Loss Services for the County's Self-Insured Health Plan, Specific and Aggregate Excess Coverage and Associated Administration in an Amount Not to Exceed $1,060,000 for the Period of January 1, 2018, Through December 31, 2018, and Authorize the Human Resources Director, Upon Completion of a Marketing Analysis Each Year, to Approve Future Annual Stop Loss Renewals with InterRemedy Insurance Services That Do Not Exceed an Annual 10% Increase Over Existing Rates
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RECOMMENDED ACTION/MOTION:
recommendation
Approve retroactive agreement with InterRemedy Insurance Services (a sub-contractor of Voya Financial) to provide stop loss services for the County's Self-Insured Health Plan, specific and aggregate excess coverage and associated administration in an amount not to exceed $1,060,000 for the period of January 1, 2018, through December 31, 2018, and authorize the Human Resources Director, upon completion of a marketing analysis each year, to approve future annual stop loss renewals with InterRemedy Insurance Services that do not exceed an annual 10% increase over existing rates; and authorize Chair to sign same.
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PREVIOUS BOARD/BOARD COMMITTEE ACTIONS:
On April 5, 2016 the Board of Supervisors approved a new agreement with InterRemedy Insurance Services to provide stop loss services for the County's Self-Funded Health Plan.
SUMMARY OF REQUEST:
Keenan & Associates, the County's Health Plan Consultant marketed the stop loss coverage on behalf of the County's Self-Funded Health Plan. 3 proposals, including the incumbent Voya, were received for the 2018 stop l...
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