Specifications include, but are not limited to: D: The Successful proposer will, at the direction of the Authority’s Human Resources Department, provide a variety of consulting services that include but not be limited to: 1.1.1 Serve as the designated insurance broker of record for Benefit Programs. This includes healthcare, life, dental, vision, and associated benefits with these lines of coverage. 1.1.1.1 CMHA is partially self-insured. The current medical plan design is PPO $500/$1000 deductible (80/20), HDHP $1600/$3200 (100/70), and HDHP $3,500/$7,000 (100/70). 1.1.1.2 There are currently approximately 200 employees eligible to enroll in the Authority the medical plan. 1.1.1.3 There are three different bargaining unions and non-union employees. 1.1.2 Annual Renewal Process and Evaluation 1.1.2.1 Negotiate all health insurance renewals, including meeting directly with insurance company underwriters and secure insurance as directed. 1.1.2.2 Bidding to begin such that final negotiations and numbers can be ascertained no later than 90 days prior to renewal date. The bidding must be done in compliance with the procurement requirements. (you can reword if needed). 1.1.2.3 Review and make cost-saving recommendations regarding the plan designs, benefit levels, premiums, communications and quality of current employee health and welfare plans. 1.1.2.4 Estimate renewal rates to assist in annual benefits budget. 1.1.2.5 Conduct thorough and applicable market research in preparation for contract renewals and make recommendations for items to negotiate with providers. 1.1.2.6 Represent the Authority in all negotiations with providers on various topics, including, but not limited to, premiums, health plan benefit design, performance measures, contractual terms and conditions, and quality assurance standards. 1.1.2.7 Review rate proposals to ensure underlying assumptions are appropriate and accurate. 1.1.2.8 Analyze insurance proposals and present the results of such analysis to the appropriate parties.
