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96-22131 RESO RESOLUTION NO. 96-22131 A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, EXTENDING THE EXISTING CONTRACT FOR GROUP MANAGED CARE/INDEMNITY DENTAL PLANS WITH PRUDENTIAL INSURANCE COMPANY OF AMERICA ON A MONTHLY BASIS, COMMENCING ON OCTOBER 1,1996. WHEREAS, Invitation to Bid No. 14 - 94/98 was awarded to Prudential Insurance Company of America for the Group Managed Care/Indemnity Dental plans for a one-year period on July 12, 1995, with the option to renew for up to three additional one-year periods; and WHEREAS, the Administration recommends approving the extension of the existing contract for the Group Managed Care/Indemnity Dental plans, on a monthly basis, commencing on October 1, 1996, with a 32.7% premium rate increase; and WHEREAS, the extension will allow for a new bid to be issued and a recommendation to be determined; and WHEREAS, the City will need to provide a thirty (30) day cancellation notice to Prudential upon terminating the contract. NOW, THEREFORE, BE IT DULY RESOLVED BY THE MAYOR AND THE CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, that the Mayor and City Commission hereby extend the present contract for the Group Managed Care/Indemnity Dental Insurance Plan with Prudential Insurance Company of America on a monthly basis, commencing on October 1, 1996, allowing sufficient time to bid the dental plan. ADOPTED this 25th day of .-" Al~rw- p~ CITY CLERK CITY OF MIAMI BEACH CITY HALL 1700 CONVENTION CENTER DRIVE MIAMI BEACH FLORIDA33139 COMMISSION MEMORANDUM NO. ~e.U IscJ TO: Mayor Seymour Gelber and Members of the City Commission DATE: September 25, 1996 FROM: Jose Garcia-Pedrosa .11/ .. City Manager / .\ RESOLUTION 'PROVING THE EXISTING CONTRACT OF GROUP MANAGED CAREIINDEMNITY DENTAL INSURANCE PLAN WITH PRUDENTIAL INSURANCE COMPANY OF AMERICA ON A MONTHLY BASIS SUBJECT: ADMINISTRATION RECOMMENDATION: The Administration recommends that the Mayor and City Commission approve the resolution authorizing the extension of the present contract on a monthly basis for the existing Invitation to Bid No. 14-94/98 with Prudential Insurance Company of America, with a 32.7% rate increase for the Group Managed Care/lndemnity Dental Insurance Plan. BACKGROUND: Invitation to Bid No. 14-94/98 was awarded to Prudential Insurance Company of America for a one- year period on July 1?, 1995, with the option to renew for up to three additional one-year periods. On June 10, 1996, Prudential proposed a 40.9% rate increase commencing October 1, 1996. Prudential also offered several options which would reduce the proposed rate increases. There was some discussion of reducing benefits; however, the Group Insurance Board voted against any benefit reductions. After several meetings with the Group Insurance Board and Health Advisory Committee, Prudential reduced their proposed rate increase to 32.7% from their initial 40.9%. The Group Insurance Board is comprised of the presidents of the American Federation of State, County and Municipal Employees (AFSCME), and the Communication Workers of America (CWA), a retiree representative, and three Administrative representatives as well as the Human Resources Director. The Health Advisory Committee is a 13 member City Board comprised of individuals from the community who are involved with the health industry. ANAL YSIS: Prudential's proposed cost increases were evaluated by the City Administration, Health Advisory Committee and Group Insurance Board and were found to be substantial. Therefore, due to the time constraints, the City Administration is requesting that the existing contract be extended until a new bid is issued and a recommendation can be reached. It is recommended that the extension DATE C-.1€.. 9-~5-9~ AGENDA ITEM be on a monthly basis, with a 32.7% premium increase for the Group Managed Carellndemnity Dental Insurance Plans, commencing October 1, 1996. The City Administration will need to provide a 3~ay cancellation notice to Prudential upon termination of the existing contract. CONTRACT AMOUNT AND FUNDING: $51,300 Monthly cost for Fiscal Year 1995/96 for the Group Managed Care/lndemnity Dental Plan. $26,200 Estimated monthly cost increase in Fiscal Year 1996/97, based on the 32.7% rate increase and an increase in the number of members enrolled in the group dental plan. $77,500 Estimated monthly cost to be shared equally between City and Employee/Retiree contributions for the Group Managed Care/Indemnity Dental Plan. CONCLUSION: The Administration recommends that the Mayor and City Commission approve the attached resolution extending the existing contract between the City of Miami Beach and Prudential Insurance Company of America, on a monthly basis commencing October 1, 1996. /1}j JGP:RWB~MR 2 r ../ .' -" -.--- :--- , .> " SUBJECT: PRUDENTIAL DENTAL REPORT Pursuant to the last Commission meeting on September 11, 1996, there were several concerns.and questions aSked by the Commission regarding the Prudential Dental Insurance Plan. The Health Advisory Committee and Group Insurance Board had many meetings during the renewal rates discussion. Three areas of great concern were the nwnber of participating dentists on the DMO list, especially on Miami Beach; timely claims experience reporting; and the upcoming renewal premium rates. However, due to the time constraints of having the item approved prior to the August Commission recess and the need for open enrollment in September, both boards recommended the new proposed increase with the understanding that the City will resume discussion on self-insuring or going out for bids in the Winter of 1996. The boards felt this will allow the City sufficient time to look at all ~ the options and choose the best plan for the employees, retirees, and the City of Miami Beach in general. The City administration will be examining the following three options: I) self-insuring; 2) direct reimbursement; or 3) fully insuring the dental plan. The dental insurance will be scheduled to go out for bidding in three months (after the Health Advisory Committee and Group Insurance Board agree to the plan benefits design and plan options). Please be advised that Prudential has agreed to provide dental coverage on a monthly basis at the 32.7% rate increase, effective October 1, 1996. The City will need to provide Prudential with a 30 day cancellation notice upon terminating the contract. This option will provide the City with additional time to bid the dental plan without committing ourselves to an additional one-year contract period. JGP:RWB:~DMR