Title
A Resolution Of The City Commission Of The City Of Hollywood, Florida, Authorizing The Appropriate City Officials To Execute A One-Year Agreement Between Cigna For Stop Loss Insurance And The City Of Hollywood For An Amount Not To Exceed 110% Of $1,123,551.00.
Body
Staff Recommends: Approval of the attached Resolution
Explanation:
A Request for Proposal was issued in August 2018 by the City’s Benefits Consultant, the Gehring Group, for medical and prescription drug stop loss insurance coverage. Other stand-alone stop loss proposals were not found to be as competitive as the Cigna proposal, as it includes claims administration services paired with stop loss coverage, which provides an advantage. Therefore, the attached Resolution seeks City Commission authorization to implement a one-year agreement for Stop Loss Insurance between Cigna and the City of Hollywood for a Not To Exceed amount of 110% of $1,123,551.
Recommended for inclusion on the agenda by:
Dr. Wazir Ishmael, City Manager
Adam Reichbach, Assistant City Manager for Finance & Administration
Tammie L. Hechler, Director of Human Resources