Created : November 20, 2012 at 04:52 PM
October 16, 2012
Status:
Approve the RFP recommendations and the contracts for Texas Life Insurance Company and Washington National Insurance Company and cease additional enrollment for existing vendors: Allstate Financial Workplace, CNA Group Benefits, ING Employee Benefits, MassMutual Life Insurance Co., Pre-Paid Legal Services, Inc., and U.S. Legal Services, Inc.
This RFP was developed and reviewed in a public meeting by the Superintendent's Insurance Advisory Committee on March 28, 2012. The purpose of the RFP was to establish accountability through a contractual relationship with carriers offering voluntary employee paid benefits.
The RFP was issued on April 11, 2012. On May 25, 2012, proposals were received from fifteen (15) companies:
1. AFLAC (McKinley)
2. AFLAC (Willis)
3. AIG Benefit Solutions
4. Allstate Benefits
5. ARAG Insurance Co.
6. Colonial Life & Accident Insurance Co.
7. Humana (Kanawha Insurance Co.)
8. Liberty Mutual
9. MassMutual D/B/S Financial
10. MetLife Resources
11. Texas Life Insurance Co.
12. Travelers
13. Trustmark Insurance Co.
14. U.S. Legal Services, Inc.
15. Washington National Insurance Co.
The Superintendent's Insurance Advisory Committee evaluated the proposals on July 18, and July 19, 2012. The Committee evaluated the proposals, based on experience and qualifications, scope of services provided, Minority Women Business participation (M/WBE), and cost of services provided. As a result of the evaluation, the Committee recommended to the Superintendent the following awards:
Accident Plan
1. AIG Benefit Solutions
2. Allstate Benefits
3. Washington National Insurance Co.
Cancer/Critical Illness
4. AIG Benefit Solutions
5. Allstate Benefits
6. Washington National Insurance Co.
Hospital Indemnity/Intensive Care
7. Allstate Benefits
Long Term Care
8. MassMutual D/B/S Financial
Group Universal Life
9. AIG Benefit Solutions
10. Allstate Benefits
Voluntary Permanent Life
11. Texas Life Insurance Co.
The Superintendent?s Insurance Advisory Committee met on September 18, 2012, and an impasse was declared in contract negotiations with the following companies:
1. AIG Benefit Solutions
2. Allstate Benefits
3. MassMutual D/B/S Financial
As a result of the impasse, The Superintendent?s Insurance Advisory Committee recommendation to award is amended to award to the following companies:
Accident Plan
1. Washington National Insurance Co.
Cancer/Critical Illness
2. Washington National Insurance Co.
Voluntary Permanent Life
3. Texas Life Insurance Co.
The RFP provides for freezing enrollment for vendors that were not selected in the RFP process. To ensure that there is not a negative impact to School Board employees enrolled in plans not selected, the vendors will be allowed to continue to service those employees currently enrolled in their plans. However, no new enrollment will be allowed through payroll deductions into vendors/plans that were not selected.
There will be no financial impact to the district.
Requested Action
Approve the RFP recommendations and the contracts for Texas Life Insurance Company and Washington National Insurance Company and cease additional enrollment for existing vendors: Allstate Financial Workplace, CNA Group Benefits, ING Employee Benefits, MassMutual Life Insurance Co., Pre-Paid Legal Services, Inc., and U.S. Legal Services, Inc.
Summary
This RFP was developed and reviewed in a public meeting by the Superintendent's Insurance Advisory Committee on March 28, 2012. The purpose of the RFP was to establish accountability through a contractual relationship with carriers offering voluntary employee paid benefits.
The RFP was issued on April 11, 2012. On May 25, 2012, proposals were received from fifteen (15) companies:
1. AFLAC (McKinley)
2. AFLAC (Willis)
3. AIG Benefit Solutions
4. Allstate Benefits
5. ARAG Insurance Co.
6. Colonial Life & Accident Insurance Co.
7. Humana (Kanawha Insurance Co.)
8. Liberty Mutual
9. MassMutual D/B/S Financial
10. MetLife Resources
11. Texas Life Insurance Co.
12. Travelers
13. Trustmark Insurance Co.
14. U.S. Legal Services, Inc.
15. Washington National Insurance Co.
The Superintendent's Insurance Advisory Committee evaluated the proposals on July 18, and July 19, 2012. The Committee evaluated the proposals, based on experience and qualifications, scope of services provided, Minority Women Business participation (M/WBE), and cost of services provided. As a result of the evaluation, the Committee recommended to the Superintendent the following awards:
Accident Plan
1. AIG Benefit Solutions
2. Allstate Benefits
3. Washington National Insurance Co.
Cancer/Critical Illness
4. AIG Benefit Solutions
5. Allstate Benefits
6. Washington National Insurance Co.
Hospital Indemnity/Intensive Care
7. Allstate Benefits
Long Term Care
8. MassMutual D/B/S Financial
Group Universal Life
9. AIG Benefit Solutions
10. Allstate Benefits
Voluntary Permanent Life
11. Texas Life Insurance Co.
The Superintendent?s Insurance Advisory Committee met on September 18, 2012, and an impasse was declared in contract negotiations with the following companies:
1. AIG Benefit Solutions
2. Allstate Benefits
3. MassMutual D/B/S Financial
As a result of the impasse, The Superintendent?s Insurance Advisory Committee recommendation to award is amended to award to the following companies:
Accident Plan
1. Washington National Insurance Co.
Cancer/Critical Illness
2. Washington National Insurance Co.
Voluntary Permanent Life
3. Texas Life Insurance Co.
The RFP provides for freezing enrollment for vendors that were not selected in the RFP process. To ensure that there is not a negative impact to School Board employees enrolled in plans not selected, the vendors will be allowed to continue to service those employees currently enrolled in their plans. However, no new enrollment will be allowed through payroll deductions into vendors/plans that were not selected.
School Board Goals
| Goal Two: Wellness (2008-2011) |
Financial Impact
There will be no financial impact to the district.
Source of Additional Information
Dildra Martin-Ogburn 754 321-3100 Bill Harris 754 321-0501
Associated File Attachments
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Executive Summary (Files) | |
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Texas Life Insurance (Files) | |
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Washington National Insurance (Files) | |
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SIAC Minutes (Files) | |
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RFP13-010V (Files) | |
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ExecutedCompleteCopy (Files) |