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Preview Page 1 of 2 <br /> $NY ,tt <br /> Ao�S, ,Fr P City of Sunny Isles Beach <br /> 18070 Collins Avenue <br /> V ° Z <br /> Sunny Isles Beach, Florida 33160 <br /> '4P • !l s° ." (305)947-0606 City Hall <br /> et o. 5v, (305)949-3113 Fax <br /> MEMORANDUM <br /> TO: The Honorable Mayor and City Commission <br /> FROM: Yael Y. London, HR/Benefits Administrator <br /> DATE: 2/21/2013 <br /> RE: Approval of Selection of 2013 Insurance Providers: Cigna (Health & <br /> Dental); EyeMed (Vision); Mutual of Omaha (Life/AD&D, Long-Term <br /> Disability, Voluntary Short Term Disability, and Voluntary Life) <br /> RECOMMENDATION: <br /> It is recommended that the City Commission consider the attached resolution approving <br /> the selection of the following providers: Cigna (Health; Dental); EyeMed (Vision); and <br /> Mutual of Omaha Life/Accidental Death and Dismemberment (AD&D); Long-Term <br /> Disability (LTD); Voluntary Short Term Disability (STD); and Voluntary Life insurance. <br /> REASONS: <br /> The City makes available various insurances as a benefit to its employees. The <br /> insurances promote health, wellness, and protection. As such, staff requested the City's <br /> insurance brokers (Brown and Brown) issue requests for proposals for insurance <br /> coverage at basically the same levels as the existing coverage. After extensive <br /> negotiations with the various providers , Brown & Brown and staff recommend <br /> acceptance of the following provider proposals. The proposed plan represents a savings <br /> to the City of$40.572.00. See Attachment "A" (Insurance Summary Table). <br /> ADDITIONAL INFORMATION: <br /> Staff worked diligently with our brokers to secure the best pricing and plans for our <br /> insurance coverage. Proposals that seemed competitive, but did not meet our plan <br /> standards were eliminated from consideration. Department Heads were given an <br /> overview of the initial proposals and included in the decision-making process. Further, <br /> employees will be advised of the changes and we have tentatively scheduled information <br /> and enrollment sessions, in order to effectuate any changes by March 1. 2013, provided <br /> receipt of City Commission approval. <br /> Lastly, all of the recommended providers have an AM Best's Rating of "A" which is <br /> http://sibagenda.sibfl.net/Agenda/Preview.aspx?Iteml D=977&Meet ingl D=0&MeetineDate... 2/15/2013 <br />