Specifications include, but are not limited to: BrightRidge is looking to partner with a licensed broker for health insurance and other benefits (to include vision, dental, and life) that can provide professional, highly qualified benefits guidance and services. This includes, but is not limited to: • Develop short- and long-range employee benefit goals and strategies. • Partner with Human Resources in the administration of group insurance plans including responding to questions from and providing information to staff, and providing other benefits-related advisory services throughout the plan year. • Review and analyze claims experience, claims service, and claims administration to ensure maximum benefit to BrightRidge. • Determine and recommend the most cost-effective funding methods while providing the best benefit programs. • Prepare bid specifications and solicit proposals, as needed, from insurance markets that specialize in group insurance plans. • Evaluate bids and bidders, including administration, coverage, claim payment procedures, customer service, networks, reserve establishment policies and financial solvency. • Provide BrightRidge with in-depth analysis of proposed alternatives and assist with the process of selecting the most favorable annual renewal options. Proposed alternatives should include an annual step-by-step plan and cost analysis to consider moving BrightRidge from its current partially self-funded plan (fully-insured with an HRA/HSA) to a fully self-funded plan.
