Posted Date : January 02,2020
Product (RFP/RFQ/RFI/Solicitation/Tender/Bid Etc.) ID : ESTATE-2865
Government Authority located in Norwich, Connecticut; USA based organization looking for expert vendor for employee benefits broker services.
[A] Budget: Looking for proposal
[B] Scope of Service:
(1) Vendor needs to provide employee benefits broker services for employee health and welfare benefits management. the most advantageous placement of insurance coverage including but not limited to the terms and conditions of coverage, continuity and cost. In addition, the Firm must be capable of providing a full range of value-added services, including
1. Conduct strategic planning meetings to establish goals, priorities and identify areas of concern.
2. Financial underwriting and claims analysis, including renewal analysis and negotiations, budget projections, funding levels and alternatives, large claims analysis and quarterly reporting of the plan’s financial performance.
3. Evaluate plan design in light of industry trends and labor market conditions, claims cost trends, alternative delivery systems and legal requirements. Evaluate eligibility, cost-sharing and benefit structure and network savings.
4. Prepare requests for proposals for TPA’s, insurance services or other employee benefit programs; analyze and make appropriate recommendations.
5. Apprise city of local and national trends and innovative ideas, and recommend new products, programs and services to ensure a competitive benefits plan.
6. Review and analyze claims experience data, claims service, efficiency and accuracy of claims administration to ensure that city is receiving optimum service and benefits from all carriers and vendors.
7. Review on-going employee communications program, including a review of booklets, announcement materials and benefit statements.
8. Manage carrier/vendor relationships, review and advise on master contracts, review carrier service levels and compare to performance guarantees, resolve administrative issues, conduct periodic meetings as necessary.
9. Assist in COBRA, HIPAA, DOL, ACA, and ERISA compliance and reporting to include Summary Plan Descriptions and other Plan Documents.
10. Act as a technical resource and provide periodic updates on legislative developments and emerging trends.
11. Evaluate in-house administration procedures including recommendations for improving services and efficiency through the use of technology.
12. Assist in employee benefit language in union contract negotiations.
13. Assist in coordinating information needed by actuaries for OPEB valuations to the government authority located in Norwich, CT.
- For more information download this RFP Document.
(2) All questions must be submitted no later than January 6, 2020.
[C] Eligibility:
- Onshore (USA Only);
[D] Work Performance:
Performance of the work will be Offsite. Vendor needs to carry work in their office location.
Budget :
Deadline to Submit Proposals: January 22,2020
Cost to Download This RFP/RFQ/RFI/Solicitation/Tender/Bid Document : 5 US$
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Product (RFP/RFQ/RFI/Solicitation/Tender/Bid Etc.) ID : ESTATE-2865
Government Authority located in Norwich, Connecticut; USA based organization looking for expert vendor for employee benefits broker services.
[A] Budget: Looking for proposal
[B] Scope of Service:
(1) Vendor needs to provide employee benefits broker services for employee health and welfare benefits management. the most advantageous placement of insurance coverage including but not limited to the terms and conditions of coverage, continuity and cost. In addition, the Firm must be capable of providing a full range of value-added services, including
1. Conduct strategic planning meetings to establish goals, priorities and identify areas of concern.
2. Financial underwriting and claims analysis, including renewal analysis and negotiations, budget projections, funding levels and alternatives, large claims analysis and quarterly reporting of the plan’s financial performance.
3. Evaluate plan design in light of industry trends and labor market conditions, claims cost trends, alternative delivery systems and legal requirements. Evaluate eligibility, cost-sharing and benefit structure and network savings.
4. Prepare requests for proposals for TPA’s, insurance services or other employee benefit programs; analyze and make appropriate recommendations.
5. Apprise city of local and national trends and innovative ideas, and recommend new products, programs and services to ensure a competitive benefits plan.
6. Review and analyze claims experience data, claims service, efficiency and accuracy of claims administration to ensure that city is receiving optimum service and benefits from all carriers and vendors.
7. Review on-going employee communications program, including a review of booklets, announcement materials and benefit statements.
8. Manage carrier/vendor relationships, review and advise on master contracts, review carrier service levels and compare to performance guarantees, resolve administrative issues, conduct periodic meetings as necessary.
9. Assist in COBRA, HIPAA, DOL, ACA, and ERISA compliance and reporting to include Summary Plan Descriptions and other Plan Documents.
10. Act as a technical resource and provide periodic updates on legislative developments and emerging trends.
11. Evaluate in-house administration procedures including recommendations for improving services and efficiency through the use of technology.
12. Assist in employee benefit language in union contract negotiations.
13. Assist in coordinating information needed by actuaries for OPEB valuations to the government authority located in Norwich, CT.
- For more information download this RFP Document.
(2) All questions must be submitted no later than January 6, 2020.
[C] Eligibility:
- Onshore (USA Only);
[D] Work Performance:
Performance of the work will be Offsite. Vendor needs to carry work in their office location.
Budget :
Deadline to Submit Proposals: January 22,2020
Cost to Download This RFP/RFQ/RFI/Solicitation/Tender/Bid Document : 5 US$