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Board selects New York Life for group life and disability; staff projects roughly $2 million annual savings
Summary
After an eight‑month RFP, the Health Service Board approved New York Life to provide employer‑paid group life and long‑term disability and voluntary supplemental life and short‑term disability; staff said the change will reduce employer premiums by about $2 million annually and carries multi‑year rate guarantees.
The San Francisco Health Service Board approved the staff recommendation to award the life and disability insurance programs to New York Life, replacing the incumbent Hartford and consolidating short‑term disability under the same carrier where possible.
Contracts administration manager Michael Visconti said the eight‑month request‑for‑proposals process produced four qualified respondents and that New York Life scored highest on a combination of non‑financial operational criteria and…
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