DATE: June 22, 2021
TO: Board of Supervisors
SUBMITTED BY: Hollis Magill, Director of Human Resources
SUBJECT: Agreement with HUB International Insurance Services to provide Health and Benefits Consulting Services
RECOMMENDED ACTION(S):
TITLE
Approve and authorize the Chairman to execute an Agreement with HUB International Insurance Services, Inc., for consulting services related to the County's Health and Benefits Plans, effective July 12, 2021, not to exceed five total years, which includes a three-year base contract and two optional one-year extensions, total not to exceed $655,000.
REPORT
There is no Net County Cost associated with the recommended action. Approval of the recommended action would enable the Department of Human Resources to utilize employee benefit consulting services provided by HUB International Insurance Services, Inc ("HUB"), effective July 12, 2021. This item is County-wide.
ALTERNATIVE ACTION(S):
Your Board may direct staff to consider other proposals received during the request for proposals (RFP) process.
FISCAL IMPACT:
There is no increase in Net County Cost associated with the recommended action. The cost of the proposed Agreement is $125,000 for FY 2021-22 and $655,000 for the full five-year term of the Agreement. Sufficient appropriations and estimated revenues are included in the Risk Management Org 8925 FY 2021-22 Adopted Budget and future years' costs will be included in the Department's budget requests.
The full cost of the proposed Agreement will be recovered as a component of health and other benefit administration Risk Management Internal Service Fund rates charged to County departments and may include a reduction to annual fees from commissions earned by HUB through procurement of ancillary/voluntary benefits for County employees.
DISCUSSION:
The County offers health insurance to eligible employees, pre-65 retirees and Medicare eligible retirees. Each year the County evaluates the health benefit program and goes ...
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