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Agenda 12/14/2010 Item #16E 2 Agenda Item No. 16E2 December 14, 2010 Page 1 of 3 EXECUTIVE SUMMARY Recommendation to award RFP#10-5442, Group Insurance Brokerage and Actuarial Services to Willis of Tennessee, Inc., d/b/a Willis of Florida in the estimated amount of $94,000 per year. OBJECTIVE: To select a vendor to provide group insurance brokerage, consulting, and actuarial services in support of the county's group insurance program. CONSIDERATION: The Board of Commissioners through the Risk Management Department offers a comprehensive group insurance program to its employees and their eligible dependents. . In order to properly manage the program, the County enters into an actuarial and benefits consulting professional services agreement to obtain the services necessary to administer the program. These services include completion of the required filings with the Florida Department of Insurance pursuant to Florida Statutes 112.08; the development of prospective rates for the budget; the completion of a critical factor analysis to identify cost drivers; the development and monitoring of local physician/hospital fee schedules and their performance including assistance to the Collier Healthcare Consortium; assistance in developing plan design structure and cost estimates; development of short term disability rates; the provision of legal and tax advice relative to Section 125. COBRA, HIPAA, GASB 45 and other regulations; and assistance with the compliance requirements pursuant to the Patient Affordability and Accountability Act of 201 O. In addition to the above, insurance brokerage services are provided which include the selection of third party administration claims and flexible spending account services; the selection of pharmacy benefit management services; the selection of life, accidental death and dental insurance; and the placement of group health excess insurance. The existing agreement will expire on December 31, 2010. In anticipation of this, the Purchasing Department established a selection committee and RFP#10-5442 was released to interested firms. A total of three firms submitted proposals. The selection committee met on October 1, 2010 and the proposals were scored. The unanimous consensus of the committee resulted in the following ranking of the firms. 1) Willis of Florida 2) Gallagher 3) Milliman, Inc. A three year agreement with the option to renew for two additional one year periods has been negotiated and is included as part of this request for approval. The commencement .-- date of the agreement is January 1, 2011. AlJ8nda Item l'Jo.1 fiE2 December 14, 2010 Page 2 of 3 FISCAL IMPACT: The annual fees are $94,000 per year for the core services provided under the contract. Funds are budgeted within Fund 517, Group Health and Life for this purpose. GROWTH MANAGEMENT IMPACT: There is no growth management impact associated with this item. LEGAL CONSIDERATIONS: This item has been reviewed by the County Attorney's Office and is legally sufficient for Board action. - CMG RECOMMENDATION: That the Board approves the award of RFP# 10-5442 to Willis of Tennessee, Inc. d/b/a Willis of Florida for Group Benefit Brokerage and Actuarial Services authorizing the Chairman to execute the agreement for services. PREPARED BY: Jeff Walker, CPCU, ARM. Director, Risk Management Item Number: Item Summary: Meeting Date: Agenda Item No. 16E2 December 14, 2010 Page 3 of 3 COLLIER COUNTY nOAPD OF COUNTY COMMISSIOIoIERS 1CL2 r~eccll1rncrl(j8liol1 to ;]'NClrd HFP# 1 0-5442, Group Insurance Brokerage and Actuarial Services to ~rvillis of Tcrmcssec, Inc d/b/a Willis of Florida III the estimated amount of $94,000 per year. 12/14/201090000 AM Prellared By Jeffrey A. Wi:llkcr, CPCU, ARM Administrative SNvico$ Division Di1eclor - Hisk Mi:ltli'lUUIllC'llt Date Rhk Manfl~Jclllellt 11/22120109:31 :59 AM Appl"Oved B.y Jpflrey A. Walhel'. C-PCU. 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