The County was seeking proposals from qualified vendors for Third Party Group Medical and Dental Plan Administration, Pharmacy Benefit Management, Stop Loss Reinsurance / Employee Assistance Program, Section 125 Plan Administration (Flexible Spending Accounts, Dependent Care Accounts) and Health Savings Account Administration, COBRA Administration.
Solicitation Advertised: April 29, 2018 and May 6, 2018
Solicitation Opened: June 21, 2018
Vendors Notified: 20
Vendors Responding: 10
Contract Term: 4 years with 2 additional 1-year terms
Proposals were received and evaluated by a committee consisting of representatives from the County’s Human Resource’s Department and Budget & Fiscal Policy Department. The Purchasing Department facilitated the evaluation process. Evaluation criteria included:
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Quality of Services Offered
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Fee/Cost Structure
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Value Added Benefits
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Support Services
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Financials & General Information
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Technical Capabilities
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References
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Health Insurance to Employees
The evaluation team reviewed, scored, and ranked each firm against the established criteria. The top scoring firm, Aetna Life Insurance Company, Hartford, CT, was determined to best meet the County’s needs. A best and final offer was proposed and accepted.