DATE: February 25, 2020
TO: Board of Supervisors
SUBMITTED BY: Paul Nerland, Director of Human Resources
SUBJECT: Agreement with ReliaStar Life Insurance Company to offer Accident, Critical Illness, and Hospital Indemnity insurance to County of Fresno Employees
RECOMMENDED ACTION(S):
TITLE
Approve and authorize the Chairman to execute an Agreement with ReliaStar Life Insurance Company to provide optional employee-paid Accident, Critical Illness, and Hospital Indemnity insurance coverage to County of Fresno employees, effective May 1, 2020, not to exceed three (3) consecutive years.
REPORT
Approval of the recommended action will allow ReliaStar Life Insurance Company (ReliaStar) to provide optional, employee-paid Accident, Critical Illness, and Hospital 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.
SUSPENSION OF COMPETITION/SOLE SOURCE CONTRACT:
On April 23, 2019, your Board made a finding that it was in the best interest of the County to waive the competitive bidding process consistent with Administrative Policy No. 34 under the "unusual or extraordinary circumstances" exception for the solicitation of ancillary benefits plan proposals for Plan Year 2020. This allowed the County the flexibility needed to negotiate directly with insurance providers and maximize cost effective alternatives that best meet the needs of County employees and their dependents.
FISCAL IMPACT:
There is no net County cost associated with this item. Premiums are paid by participating employees. As the policies associated with this item are self-administered, the County will not receive an invoice from ReliaStar, but instead will remit employees' premium deductions directly to ReliaStar.
DISCUSSION:
The County of Fresno currently sponsors optional, e...
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