SUBJECT
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Approve agreement with Willis Towers Watson, Inc. for employee health and wellness benefits consulting. ($285,000.00 recurring expense)
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DESCRIPTION
Risk Management requested Procurement to solicit proposals from qualified firms to provide employee health insurance and wellness benefits consulting services. The services to be provided include consulting for our self-funded employee health funded medical and pharmacy plans to include but not limited to actuarial claims analysis and projections, recommendations for plan design changes, attend health insurance meetings, advise on upcoming and current legislative requirements, etc.
The County currently provides health insurance to 8,285 employees including dependents for a total anticipated FY25 expenditure of 76,000,000. These services are needed in order to assist in mitigating increases to employer and employee premiums.
Request for Proposal (RFP) 24-339, Employee Health and Wellness Benefits Consulting was issued, and four vendors submitted proposals. On August 20, 2024, the Board approved the selection committee’s recommendation to enter into contract negotiations with Willis Towers Watson, Inc. The attached agreement is the result of those negotiations.
The term of this agreement is for five years.
RECOMMENDATION
Request Board approve agreement with the Willis Towers Watson, Inc. for employee health and wellness benefits consulting.
FISCAL IMPACT
Funding is available within the Health Insurance Fund.
CONTACT INFORMATION
Michael Guerrero
Senior Procurement Analyst
Procurement
(863) 534-6716
michaelguerrero@polk-county.net