July 22, 2014
Status:
Approve the first amendment to agreements, and first renewal between The School Board of Broward County, Florida (SBBC), and Humana, Inc., and Humana/CompBenefits Insurance Company (Dental Carriers), and Humana/CompBenefits Insurance Company, and Solstice Benefits, Inc. (Vision Carriers).
Approve the third amendment to agreements, and third renewal between SBBC, and Metropolitan Life Insurance, Company and Metropolitan Life Insurance Company/SafeGuard (Dental Carriers).
Contract Term: January 1, 2012 through December 31, 2014, 3 Years
User Department: Benefits Department
Original Amount: $85,000,000
Vendor(s) Awarded: 3 Awarded Vendors
M/WBW Vendor(s): None
RFP 12-005V Group Dental and Group Vision Benefits for School Board Employees was awarded to the following dental carriers: Humana, Inc., Humana/CompBenefits, Metropolitan Life Insurance Company, and Metropolitan Life Insurance Company/SafeGuard; and vision carriers: Humana, Inc., Humana/CompBenefits and Solstice Benefits, Inc., by the Board on June 21, 2011.
For 2015, Humana/CompBenefits and Solstice Benefits, Inc., (Vision Carriers) the terms of their contracts held both Humana/CompBenefits and Solstice Benefits, Inc., rates flat through the end of 2015 and 2016 respectively. For 2015, Humana/CompBenefits (Dental Carriers) agreed to a 10% increase for the PPO-Enhanced Plan and a rate pass on the DHMO-Enhanced Plan, the Basic DHMO Plan and Basic PPO Plan.
For 2015, Metropolitan Life Insurance Company and Metropolitan Life Insurance Company/SafeGuard (Dental Carriers) agreed to negotiated rates as follows: 1% reduction on both DHMO Plans and a 3.4% increase across both PPO Plans.
The amendments to the 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 an additional cost to the Board for 2015, based on current contract provisions.
Requested Action
Approve the first amendment to agreements, and first renewal between The School Board of Broward County, Florida (SBBC), and Humana, Inc., and Humana/CompBenefits Insurance Company (Dental Carriers), and Humana/CompBenefits Insurance Company, and Solstice Benefits, Inc. (Vision Carriers).
Approve the third amendment to agreements, and first renewal between SBBC, and Metropolitan Life Insurance, Company and Metropolitan Life Insurance Company/SafeGuard (Dental Carriers).
Contract Term: January 1, 2012 through December 31, 2014, 3 Years
User Department: Benefits Department
Original Amount: $85,000,000
Vendor(s) Awarded: 3 Awarded Vendors
M/WBW Vendor(s): None
Summary
RFP 12-005V Group Dental and Group Vision Benefits for School Board Employees was awarded to the following dental carriers: Humana, Inc., Humana/CompBenefits, Metropolitan Life Insurance Company, and Metropolitan Life Insurance Company/SafeGuard; and vision carriers: Humana, Inc., Humana/CompBenefits and Solstice Benefits, Inc., by the Board on June 21, 2011.
For 2015, Humana/CompBenefits and Solstice Benefits, Inc., (Vision Carriers) the terms of their contracts held both Humana/CompBenefits and Solstice Benefits, Inc., rates flat through the end of 2015 and 2016 respectively. For 2015, Humana/CompBenefits (Dental Carriers) agreed to a 10% increase for the PPO-Enhanced Plan and a rate pass on the DHMO-Enhanced Plan, the Basic DHMO Plan and Basic PPO Plan.
For 2015, Metropolitan Life Insurance Company and Metropolitan Life Insurance Company/SafeGuard (Dental Carriers) agreed to negotiated rates as follows: 1% reduction on both DHMO Plans and a 3.4% increase across both PPO Plans.
The amendments to the 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 an additional cost to the Board for 2015, based on current contract provisions.
Source of Additional Information
Dildra Martin-Ogburn 754-321-3100 Ruby Crenshaw 754-321-0501
Associated File Attachments
