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Committee renews third‑party administrator contract for retiree health and employee benefits
Summary
Resolution 25‑53 was approved to renew a contract with the city's existing third‑party administrator for self‑insured retiree health benefits, self‑insured vision coverage, and HSA/FSA administration; the estimated annual cost in the proposal attachment was $107,343 based on current enrollment estimates.
The finance committee approved Resolution 25‑53 to renew the city's contract with its third‑party administrator to manage self‑insured retiree health benefits (primarily retirees under 65), self‑insured vision coverage for employees and retirees, and health and flexible spending account (HSA/FSA) administration.
Committee members were told the city has used the same vendor since at least February 2017 and that human resources recommended renewal. The renewal includes a cost proposal attachment estimating an annual total of $107,343 based on current enrollment and per‑employee‑per‑month pricing that can fluctuate during the year.
Mr. Michelle said the vendor handles administration of retiree health benefits, vision plans and HSA/FSA for active employees and retirees; the estimated total is based on current employee counts and the per‑employee per‑month rates included in the proposal. He offered to answer questions; none were raised and the committee adopted the resolution by voice vote.
The attachment with detailed per‑employee pricing and enrollment estimates was referenced in the meeting record but is not included in this transcript.
