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HomeMy WebLinkAbout19. 12-524 OCTOBER 23, 2012 12-524 RESOLUTION (CARRIED___7-0_____LOST________LAID OVER________WITHDRAWN________) PURPOSE: APPROVE CONTRACT PACKAGE WITH ORGANIZATIONS TO PROVIDE CITY HEALTH INSURANCE SERVICES, INCLUDING THIRD PARTY ADMINISTRATOR, STOP LOSS CARRIER, PROVIDER NETWORKS, PHARMACY BENEFIT MANAGER, & TRANSPLANT RIDER PROVIDER INITIATED BY: CITY ADMINISTRATION WHEREAS, current contracts for services necessary to implement and operate the City’s self insured health insurance plan expire at the end of the 2012 calendar year; and WHEREAS, the City solicited proposals for continuing service beginning in 2013 through a request for proposal process; and WHEREAS, the City received a number packaged proposals offering to fully operate the City’s self-insured program; and WHEREAS, after evaluating various options presented to the City, it has been determined that the package identified as Option #1 on the attached comparison sheet, was determined to be the most cost effective choice to carry out the City’s Health Insurance Plan; and WHEREAS, the Option #1 package includes the following providers: Third-Party Administrator Stop Loss Carrier Auxiant QBE 1233 N. Mayfair Road, Ste. 207 9 Atlantic Avenue Wauwatosa, WI 53266 Marblehead, MA01945 Pharmacy Benefit Manager Transplant Rider Provider Serv You National Fire Union 10201 Innovation Drive, Ste. 600 175 Water Street Milwaukee, WI 53226 New York, NY 10038 Provider Network HPS Trilogy 735 N. Water St., Ste.333 18000 W. Sarah Lane, Ste. 310 Milwaukee, WI 53202 Brookfield, WI 53045 Health EOS+ 301 North Broadway, Ste.301 OCTOBER 23, 2012 12-524 RESOLUTION CONT'D NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of Oshkosh that the package identified as Option #1 in this Resolution and on the attached comparison sheet is hereby approved and the proper City officials are hereby authorized to execute and deliver all necessary and advisable agreements, and are further authorized and directed to take steps necessary to implement the City's Health Insurance program and the terms and conditions of the agreements. Money for this purpose is hereby appropriated from: Acct. No. 601-0903-6401-XXXXX Health Insurance Fund - Various Contractual Services CITY HALL 215 Church Avenue P.O.Box 1130 o5hkasn.Wisconsin 54903-1130 City of Oshkosh Of HKQ/H TO: Honorable Mayor and Members of the Common Council FROM: Sue Brinkman, Human Resources Manager DATE: October 18, 2012 RE: Approve Third Party Administrator, Stop Loss Carrier,Networks,Pharmacy Benefit Manager and Transplant Rider BACKGROUND: The City currently has a self funded health insurance program which includes a variety of components such as; a third party administrator(TPA), stop loss carrier,networks,pharmacy benefit manager(PBM) and transplant rider. In order to maximize efficiency and cost effectiveness,these components were recently re-evaluated. A request for proposal (RFP)conducted for these services included responses proposing fully insured and self insured products. ANALYSIS: Because the components of a self funded plan are interdependent, and in order to fairly compare the cost of self insured programs to a fully insured program, it is necessary to evaluate the total costs for each option when assessing our RFP. A spreadsheet illustrating this comparison is attached. This spreadsheet illustrates that Option#1,the combination of Auxiant as a third party administrator,QBE as the stop loss carrier, HPS/Trilogy/Health EOS+as the networks, Serve-You as the pharmacy benefit manager and National Union Fire as the transplant rider provide the most cost effective option for the City when considering run-out/run-in liability.Where there is only one component vendor listed on the attached spreadsheet, it is because they were determined to be the most cost effective option through separate analysis.The TPA,network&PBM agreements are for 3 years in duration,the stop loss and transplant rider agreements are annual agreements. The estimated cost for this self insured package is $8.6 million, with a maximum cost of$10.4 million. By comparison,the cost for a fully insured plan is estimated to cost as much as $12.4 million. FISCAL IMPACT: The total 2013 fiscal impact for the proposed third party administrator(TPA), stop loss carrier,networks, pharmacy benefit manager(PBM) and transplant rider is approximately$8.6 million. RECOMMENDATION: Based on the information evaluated as a result of the RFP, staff recommends Option#1,which will result in retaining our existing program and components with the exception of our third party administrator. The new TPA, Auxiant, is a well respected provider, has experience with organizations similarly sized to the City of Oshkosh, and they provide the most cost efficient and effective option. This change will be virtually transparent to our employees as the only difference will be that they will be issued a new identification card. 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