Specifications include, but are not limited to: ● Procure Health Insurance Coverage - Broker will be responsible for negotiating, analyzing and recommending any or all health insurance coverage for the school district. Broker will prepare all bid specifications for marketing health insurance coverage and evaluate all responses received when requested. The broker of record, when requested, is to market and to provide competitive proposals for district review, evaluation and consideration. ● Review Health Insurance Coverage/Bargaining Group Contracts - Broker is required to familiarize himself with the present health insurance coverages and present employee contracts of the school district to allow for a comprehensive comparison and analysis of submitted proposals as to ensure equal or better coverage to existing applicable plans. Broker is to review present policies and plans for accuracy, compliance and financial prudency and make any or recommendations to the district. Broker is to identify all issues and exposures as it pertains to health benefits and to inform the district of the latest developments affecting the insurance. Broker is to provide any recommendations upon completion of reviews that would be a cost benefit savings to the school district while being in compliance with the employee contracts. Broker is to provide assistance to the Business Office Budget Team in the budget planning process, including the evaluation and impact of rate changes to health benefits costs and premiums. Broker should be able to provide the Budget Team with reasonable projected renewal figures during the budget process. ● Monitor Federal and State Law and Code - Broker is required to be knowledgeable of all Federal and State law and code as it pertains to health benefits coverage and to provide the latest updates to the school district, especially to the Health Benefits Coordinator and Business Office. Broker is to provide all assistance in implementing any or all Federal and State law and code as it pertain to health benefits.
