Created : September 07, 2013 at 05:24 AM
July 23, 2013
Status:
Approve the Second Amendments to Agreements between The School Board of Broward County, Florida, and Metropolitan Life Insurance Company and Metropolitan Life Insurance Company/Safeguard Health Plans, Inc. (Dental Carriers).
RFP 12-005V for Group Dental Insurance and Group Vision Insurance for School Board Employees, was awarded to Humana/CompBenefits, Metropolitan Life Insurance Company (MetLife), and Metropolitan Life Insurance Company/Safeguard Health Plans, Inc. (Met Life/Safeguard), (Dental Carriers) and Humana/CompBenefits and Solstice Benefits, Inc., (Vision Carriers) by the School Board at the June 21, 2011 Board Meeting. For 2014, MetLife and MetLife/ Safeguard (Dental Carriers) agreed to a negotiated reduced rate of 3.1% across all Plans. The premium decreases did not represent savings to the District for 2014, based on current contract provisions; however, the decreases did result in total savings to District employees of approximately $260,000.
The terms of the contracts awarded to Humana/CompBenefits and Solstice Benefits, Inc. (Vision Carriers) holds their rates flat through 2014. These amendments were approved by the Superintendent?s Insurance Advisory Committee at its May 9, 2013 meeting.
These Amendments to Agreements have been reviewed and approved as to form and legal content by the Office of the General Counsel.
The premium increases do not represent additional cost to the District for 2014, based on current contract provisions.
Requested Action
Approve the Second Amendments to Agreements between The School Board of Broward County, Florida, and Metropolitan Life Insurance Company and Metropolitan Life Insurance Company/Safeguard Health Plans, Inc. (Dental Carriers).
Summary
RFP 12-005V for Group Dental Insurance and Group Vision Insurance for School Board Employees, was awarded to Humana/CompBenefits, Metropolitan Life Insurance Company (MetLife), and Metropolitan Life Insurance Company/Safeguard Health Plans, Inc. (Met Life/Safeguard), (Dental Carriers) and Humana/CompBenefits and Solstice Benefits, Inc., (Vision Carriers) by the School Board at the June 21, 2011 Board Meeting. For 2014, MetLife and MetLife/ Safeguard (Dental Carriers) agreed to a negotiated reduced rate of 3.1% across all Plans. The premium decreases did not represent savings to the District for 2014, based on current contract provisions; however, the decreases did result in total savings to District employees of approximately $260,000.
The terms of the contracts awarded to Humana/CompBenefits and Solstice Benefits, Inc. (Vision Carriers) holds their rates flat through 2014. These amendments were approved by the Superintendent?s Insurance Advisory Committee at its May 9, 2013 meeting.
These Amendments to Agreements have been reviewed and approved as to form and legal content by the Office of the General Counsel.
School Board Goals
| Goal 2: Continuous Improvement |
Financial Impact
The premium increases do not represent additional cost to the District for 2014, based on current contract provisions.
Source of Additional Information
Dr. Dildra Martin-Ogburn 754-321-3100 Carol Barker 754-321-0506
Associated File Attachments
