DATE: December 17, 2024
TO: Board of Supervisors
SUBMITTED BY: Hollis Magill, Director of Human Resources
SUBJECT: Agreement with ReliaStar Life Insurance Company to offer optional employee-paid Accident, Critical Illness, and Hospital Confinement Indemnity insurance to County of Fresno Employees
RECOMMENDED ACTION(S):
TITLE
As authorized by the Board of Supervisors' suspension of competition determined on April 9, 2024, approve and authorize the Chairman to execute an Agreement with ReliaStar Life Insurance Company to provide optional employee-paid Accident Insurance, Critical Illness Insurance, and Hospital Confinement Indemnity Insurance to County of Fresno Employees, effective January 1, 2025, not to exceed five (5) consecutive years, which includes a three-year base contract and two (2) optional one-year extensions.
REPORT
Approval of the recommended action will allow ReliaStar Life Insurance Company (ReliaStar) to provide optional, employee-paid Accident, Critical Illness, and Hospital Confinement Indemnity insurance to County employees. There is no net County cost associated with this item, as all policies are optional and paid by the employee. This item is Countywide.
ALTERNATIVE ACTION(S):
Your Board may reject staff's recommendation and select a different bidder. However, this would cause a disruption in service to employees and would not result in an overall decrease in costs to employees.
SUSPENSION OF COMPETITION/SOLE SOURCE CONTRACT:
On April 9, 2024, the Board of Supervisors made a finding that it was in the best interest of the County to not secure competitive bids or issue requests for proposals related to optional, employee-paid Accident, Critical Illness, and Hospital Confinement Indemnity insurance policies, consistent with Administrative Policy No. 34 under the "unusual or extraordinary circumstances" exception of Administrative Policy No. 34. This allowed the County the flexibility needed to negotiate directly with insurance provide...
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