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ATTACHMENT AN207375ESBENEFITS BROKERAGE CONSULTING AND ACTUARIAL SERVICESDATE SUBMITTED: ___________________________________________________________________PROPOSER NAME: ___________________________________________________________________ TO:The School District of Lee County Fort Myers, FloridaHaving carefully examined the “General Conditions”, and the “Detailed Specifications”, all of which are contained herein, the Undersigned proposes to furnish the following which meet the specifications:Background of the proposing firm:Briefly describe your firm’s background, history, and ownership structure, including any parent, affiliated or subsidiary company, and any business partners.Please describe the services your firm provides and give the percentage of revenue derived from each service.Describe your firm’s approach to providing the specific services requested.Provide an organization chart of your firm and describe the relationship between each component and your consulting group.Within the past three years, have there been any significant developments in your firm such as changes in ownership, restructuring, or personnel reorganizations? Do you anticipate future significant changes in your firm?Please give the address of the firm’s corporate office and indicate which office(s) will service the District.For how many of your clients do you provide consultant services? For how many of your clients do you provide actuarial services? For how many of your clients do you provide broker services?Identify any of the ITN requested services your firm is unable to perform. State clearly any exceptions taken to the District’s standard terms and conditions concerning liability, indemnification and insurance requirements. Describe the levels of coverage for errors and omissions insurance and any fiduciary or professional liability insurance your firm carries. Explain if the coverage is on a per client basis, or if the covered amount applies to the firm as a whole. List the insurance carriers.?B.??? Standards of conduct:Does your firm have a written code of conduct or a set of standards for professional behavior? If so, how are they monitored and enforced? How are consultants’ recommendations to clients reviewed and monitored by your firm? Does your firm adhere to a level of consistency in consultant recommendations??3.??Within the last five years, has your firm or an officer or principal been involved in litigation or other legal proceedings relating to your consultant, brokerage, or actuarial services assignments? If so, please provide an explanation and indicate the current status or disposition.?Has your firm ever been censured by any regulatory body? If so, please describe the situation.?C.??? Conflicts of Interest:Are there any potential conflict of interest issues your firm would have in providing services to the District? If so, describe them.How does your firm identify and manage conflicts of interest?Has anyone in your firm provided or received any gifts, travel and room expenses, entertainment or meals to or from any School Board of Lee County member or staff member during the past 12 months? If yes, please describe the amount of expenses and what for the purpose.D.???? Consulting team:Please provide the title and contact information for each consultant who will be assigned to the District in a grid similar to this. NameTitleBusiness AddressBusiness PhoneBusiness FaxE-mail Address Please describe the role of each consultant for this assignment.Please describe your team’s experience with similar work performed for other school districts.Describe your firm’s backup procedures in the event that key personnel in this assignment should transfer to a new role or leave the firm.Describe your firm’s approach to account transition.How many employee benefit plan consultants does your firm have companywide? How many are based in Florida? How many are in the office that will provide service to the District?? State whether the employee benefit consultants assigned to the District have any responsibilities other than providing employee consulting services, and if so, specify such responsibility.How many actuarial consultants does your firm have companywide? How many are based in Florida? How many are in the office that will provide service to the District?State whether the actuaries assigned to the District have any responsibilities other than providing actuarial services, and if so, specify such responsibilities.Discuss the ways your firm manages growth, including any limits to the client/consultant ratio and on the client/actuary ratio.Describe the resources your firm has that specifically address the needs of public sector and/or educational clients.Describe how your firm controls the cost of services rendered for a client.E.Data AnalysisDescribe your firm’s resources to analyze medical and pharmacy claims. Please confirm that this work is included in the fees of this proposal.Describe your firm’s resources to complete a provider analysis of physicians, clinics, and hospitals that treat our plan participants. Please confirm that this work is included in the fees of this proposal.Describe how your firm assist the District in evaluating its wellness and preventive health initiates for its employees?What steps does your firm take to ensure the validity of data presented to your clients?Describe your firm’s disaster recovery plan as it relates to the equipment, software, and personnel that would be used in providing the services required by the District.F.Strategic Planning/Vendor Selection What resources does your firm have available to help us manage our benefits and outline a benefits strategy consistent with current and future business plans? How will your firm help us with the competitive marketing and placement of our plans, including development of marketing specifications, identification of market conditions, evaluation of proposals, negotiations, and placement of insurance contracts for annual renewals? What experience does your firm have in supporting the procurement processes for government agencies? How will your firm assist with plan design changes with rebids or renewals?Describe your firm’s ability to provide benchmarking data for the Districts various insurance and wellness programs. G.Cost Projections/Ongoing Review/ReportingHow will your firm assist with the management of insurance, including: Preparing monthly claims activity reports from District carriers; Preparing executive summary reports; Prepare underwriting analysis for annual renewals; Prepare annual financial projections for budgeting purposes; Conduct alternative funding analyses Give examples of employee benefit projects and products that your firm/staff have designed and implemented for clients that:Reduced costsImproved the quality of benefitsEnhanced benefitsIncreased efficiencyWere innovativeDescribe your firm’s approach to meeting required reporting deadlines (i.e. 112.08 reporting)?H.Plan Administration and Legislative ComplianceDescribe your firm’s in-house legal expertise specializing in employee benefits, please include information regarding credentials, certifications, years of service, etc. If your firm does not have in-house legal team, how does your team obtain legal guidance relative to benefits How does your firm stay abreast of legislative changes? How does your firm communicate legislative changes and their impact to clients?How will your firm notify The School Board of Lee County of changes in federal and/or local laws that would affect us? Explain what steps your firm has taken to maintain HIPAA compliance when managing client data.Describe your firm’s approach to assessing the current mandatory provisions of the statutes relating to the actuarial valuations of a self-insured health plan.Wellness Programs What tools can your firm provide the District to help enhance our wellness program? How will your firm assess and contribute to the evolution of our wellness program? Explain how your firm measures the success of a wellness program? J.???? Actuarial Valuations:Describe your firm’s experience performing actuarial valuations for a client the size of the District?Describe your firm’s approach to conducting an actuarial valuation of the District’s medical plan.Describe your firm’s approach to measuring funding status and funding progress in order to facilitate the assessment of trends over several actuarial valuations with respect to the overall financial health of the District’s self-insured health fund.Discuss the theory and methodology for the actuarial assumptions your firm utilizes. K. Other ServicesDescribe any other value-added services your firm can provide as part of this ITN that will enhance the benefits being offered by the District or assist employees with their benefit needs. L.????Unique Qualifications:Describe your firm’s credentials, experience and project approach and how these distinguish your firm from your competitors.Describe any services provided by your firm that may not be offered by competitors.Describe any other facets of your firm and your firm’s experience that are relevant to this proposal which have not been previously described and that warrant consideration. Describe your firm’s quality assurance procedures.?M.??? Fees:Please provide your firms annual fee for the services outlined in this ITN. The District is seeking an annual fee that is inclusive of all costs necessary to provide all products and services, as outlined in this ITN, including brokerage, consulting and actuarial services. Please provide agreement that fees will be paid by commission via broker of record on specified employee insurance plans.N.Other Information:Please describe areas or processes, not included in the scope of this engagement that your firm may examine in order to provide more complete and thorough services.Provide any additional information that your firm believes to be relevant to the ITN and your firm’s capability to provide the services requested.How is your firm distinguished from your competition?O.Scope of Services for the Fees Outlined in Section M (Fees):Required ServicesAgree to provide/includedAgree to provide with DeviationsCannot provideAnalyze and evaluate the current employee benefit plans and communicate with stakeholders as necessary.Review plan documents, summary plan descriptions and pertinent contract language to ensure accuracy and compliance with appropriate laws and regulations.Assist in developing Requests for Proposals (RFPs), Invitations to Negotiate (ITN), etc. for employee benefit products as needed, analysis of proposals received, conducting interviews and site visits as necessary and be prepared to defend the recommendations.Attend monthly Insurance Task Force Meetings (and subcommittee meetings).Attend Board meetings (briefing, action and workshops) as requested.Provide a monthly executive summary of the self-funded health plan in a format that is easy to understand and acceptable to the Insurance Task Force.Provide detailed quarterly reports analyzing plan revenues, claims, and administrative expenses in a format that is easy to understand and helpful in decision making to the Insurance Task Force and the Board.Meet with the Director of Insurance and Benefits Management, or designee, on a regular basis and be prepared to provide guidance and assistance by telephone or in person, as needed.At the Board’s request, prepare detailed bid specifications and solicit proposals from insurance markets that specialize in group insurance plans as needed.? Assist in evaluating bids and bidders, including administration coverage, claim payment procedures, customer service, networks, reserve establishment policies and financial stability.? Summarize and report results to the Board’s Insurance and Benefits Management Department and District benefit committees and the School Board as requested.Provide advocacy for the Insurance Task Force when decisions or recommendations are questioned or challenged.Assist the Board in administering all group insurance plans (active and retirees), responding to questions from and providing information to assigned staff, and providing other consulting services during the course of the plan year.Assist the Board in complying with federal, state and local laws and regulations related to employee benefits.? Provide technical assistance on such matters as COBRA, HIPAA, FMLA, Section 125, GASB, Medicare Part D, Health Care Reform legislation, and other benefit related issues as necessary.Determine and recommend the most economical funding methods for the benefit programs and strike a balance between cost and comprehensiveness of the programs.Facilitate all benefit negotiations with providers on all issues including premiums, benefit levels, plan design, and special terms and conditions.? Assist in contract development and documentation.Research any new developments in the law and employee benefit programs on an ongoing basis and submit summaries to the District stakeholders for review and discussion.Analyze claims and demographic data and review and benchmark Board benefit programs against national, local and school district data.? Present analysis to District staff as requested.Identify opportunities to better manage health care costs, including but not limited to disease management, risk assessment, wellness initiatives, carve out programs and other methods to contain costs without compromising service.Assist with billing issues and other vendor problems.Provide a licensed life and health agent/broker in the State of Florida.Provide personnel qualified/certified in the field of employee benefits and/or actuarial services.Provide access to attorney to provide guidance to the District on benefits related issues.Negotiate claims and customer service issues with providers on behalf of the Board.Assist in the completion of annual budget projections.Prepare an annual stewardship report and performance review.Send bulletins to Director of Insurance and Benefits on hot topics and legislative issues.Provide additional information to assist in the District’s fulfillment of fiduciary duties. ................
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