RFP-Benefits Consultant Services

The City of Cleveland is seeking a professional benefits consultant to coordinate its group insurance, administrative services, and ancillary products from reputable insurance carriers and vendors. The consultant will provide expertise to facilitate sound management of self-insured health care plans, assist with regulatory compliance, and find competitive prices for products and services. The contract term will be for one year, with three one-year options to renew. The consultant will be expected to work in partnership with the City to perform various services, including assisting with annual renewal of plans, providing ongoing support with healthcare and pharmaceutical claims management, and developing semi-annual and annual fund reserves. • Assist with annual renewal of plans to include RFP preparation, review and analysis and provide assistance with contract negotiations. • Provide ongoing support with healthcare and pharmaceutical claims management. • Development of semi-annual and annual fund reserves and IBNR, as required by ORC 9.833 and consultative support of same • Development and analysis of competitive bids for medical, drug, dental, vision and life insurance benefits plans through a formal Request for Proposal (RFP) process (assumes one per year); also includes assistance with implementation of any change in vendors. • Continuous review and monitoring of benefits plans and recommend changes that improve the City’s cost effectiveness and efficiency.