A. Benefits Evaluation and Recommendations- To be completed within 90 days of the start of the contract. 1. Conduct a comprehensive review of current benefit plans and provide recommendations to improve cost-effectiveness, compliance with regulations, and satisfaction among employees. 2. Provide benchmarking analysis against similar municipalities and periodically once retrained prepare benefit market analysis to other municipalities to ensure the City offers a comparable overall benefits package and maintains a competitive edge in benefits offerings. Assist the City in development of long-range planning for health insurance/opt out program, vision, dental, flexible spending, life insurance programs and paid time off inclusive of cost-benefit analysis. 3. Review and analysis of the underwriting relative to the annual renewal proposals by health insurance carriers/administrators, prescription drug providers and dental, vision, life and flex spending carriers with recommendations to the City regarding financial arrangement(s), rates, risk levels, payment arrangement, terms and conditions and related matters. B. Insurance Brokerage and Program Management- Ongoing scope of work Benefits Evaluation and Recommendation Implementation 1. Assist with implementing recommendations from the benefits evaluation and recommendations scope of work...
