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2009-27139 ResoRESOLUTION NO. 2009-27139 A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, AUTHORIZING THE CITY TO ENTER INTO AN AGREEMENT WITH HARTFORD LIFE AND ACCIDENT INSURANCE COMPANY FOR A STATUTORY ACCIDENTAL DEATH AND DISMEMBERMENT POLICY FOR POLICE AND FIREFIGHTERS FOR A THREE YEAR PERIOD, COMMENCING ON OCTOBER 1, 2009, AND ENDING ON SEPTEMBER 30, 2012, FOR AN ANNUAL PREMIUM OF $13,000, PURSUANT TO THE REQUEST FOR PROPOSALS ISSUED BY GALLAGHER BENEFITS SERVICES, THE CITY'S CONSULTANT OF RECORD. WHEREAS, Sections 112.19 and 112.191, Florida Statutes, require municipalities to provide at least $50,000 in Accidental Death & Dismemberment Insurance (AD&D) to all law enforcement (police) officers and firefighters; and WHEREAS, the City's current policy expires on September 30, 2009; and WHEREAS, the Administration worked with Gallagher Benefit Services (Gallagher), the City's consultant of record, to issue a Request for Proposals (RFP) for accidental death and dismemberment coverage for (police) officers and firefighters; and WHEREAS, two (2) carriers responded, with City's the current carrier, Hartford Life and Accident Insurance Company, submitting the lowest bid, which included a premium reduction of twenty percent (20%); and WHEREAS, after thoroughly evaluating the respondents, Gallagher recommends the renewal of the City's AD&D policy with Hartford Life and Accident Insurance Company; and WHEREAS, the City Manager has reviewed the recommendations of Gallagher and recommends accepting the recommendation of Gallagher, renewing the City's AD&D policy with Hartford Life and Accident Insurance Company. NOW, THEREFORE, BE IT DULY RESOLVED BY THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, that the Mayor and City Commission hereby authorize the City to enter into an agreement with Hartford Life and Accident Insurance Company for a Statutory Accidental Death and Dismemberment policy for Police and Firefighters for a three year period, commencing on October 1, 2009, and ending on September 30, 2012, for an annual premium of $13,000, pursuant to the Request for Proposals issued by Gallagher Benefits Services, the City's consultant of record. PASSED and ADOPTED this 15th day of July , 2009. M O Mattie Herrera Bower TTEST: CITY CLERK Robert Parcher T:WGENDA\2009Uu1y 15\Regular\Statutory AD&D Resolution.doc COMMISSION ITEM SUMMARY Condensed Title: A Resolution authorizing the City to enter into an agreement with Hartford Life and Accident Insurance ', Company for a Statutory Accidental Death and Dismemberment Policy for Police Officers and Firefighters. ~ntenaea outcome • Attract and maintain a quality workforce. • Ensure ex enditure trends are sustainable over the Ion term. Supporting Data (Surveys, Environmental Scan, etc.): I. 2007 Internal Support Functions Survey • Overall satisfaction of benefits administration was rated 75.6% as excellent or good combined II. 2008 Environmental Scan • Motivated and Skilled Workforce turnover rates = 13.86% for 2007 vs. 10.7% for 2006 Issue: i Should the City renew its current Statutory Accidental Death and Dismemberment Policy for Police Officers and ~ Firefighters with Hartford Life and Accident Insurance? item SummaryiRecommenaatlon: Florida Statutes Sections 112.19 and 112.191 require municipalities to provide at least $50,000 in Accidental Death & Dismemberment Insurance (AD&D) to all law enforcement officers and firefighters. The renewal of the City's statutory plan for approximately 359 sworn Police Officers and approximately 190 Firefighters includes a reduction from the current paid amount of approximately 20% in the annual premium. Hartford Life has provided the City of Miami Beach a three (3) year renewal rate of $38,232 payable in three (3) annual installments of $12,744 compared to the current three (3) year rate of $47,955 paid out in three (3) annual installments of $15,985. The renewal of the Hartford Accidental Death & Dismemberment Insurance policy will allow the City to continue providing mandatory statutory AD&D coverage through September 30, 2012. Board Recommendation: Financial Information: Source of Amount Account Funds: 1 FY09/10 $8,332 Police Department 011.1120.000162 $4,412 Fire De artment 011.1210.00162 2 FY10/11 $8,332 Police Department 011.1120.000162 $4,4.12 Fire De artment 011.1210.00162 3 FY11/12 $8,332 Police Department 011.1120.000162 $4,412 Fire De artment 011.1210.00162 OBPI Total $38,232 Financial Impact Summary: The proposed renewal submitted by the incumbent and recommended insurance carrier, Hartford Life and Accident Insurance Company, is 20% lower than the current premium charged to the City for this statutory life and accident coverage for Police Officers and Firefighters. This reduction in premium results in an annual savings of approximately $3,241 for a total of approximately $10,000 for the entire three (3) year term of the olic . City Clerk's Office Legislative Tracking: ~ Sue Radig, Human Resources Administrator I Sign-Offs: Department Director Assistant City Manager City Manager Ramiro Inguanzo, Human Resources Director m MIAMIBEACH ""'~o~,~'~ ~w~ m MIAMIBEACH City of Miami Beach, 1700 Convention Center Drive, Miami Beach, Florida 33139, www.miamibeachH.gov COMMISSION MEMORANDUM TO: Mayor Matti Herrera Bower and Members of the City Commission FROM: Jorge M. Gonzalez, City Manager DATE: July 15, 2009 SUBJECT: A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, AUTHORIZING THE CITY TO ENTER INTO AN AGREEMENT WITH HARTFORD LIFE AND ACCIDENT INSURANCE COMPANY FOR A STATUTORY ACCIDENTAL DEATH AND DISMEMBERMENT POLICY FOR POLICE AND FIREFIGHTERS FOR A THREE YEAR PERIOD, FOR AN ANNUAL PREMIUM OF $13,000 FOR EACH YEAR, PURSUANT TO THE REQUEST FOR PROPOSALS ISSUED BY GALLAGHER BENEFITS SERVICES, THE CITY'S CONSULTANT OF RECORD. ADMINISTRATION RECOMMENDATION Adopt the Resolution. BACKGROUND/ANALYSIS Florida Statutes Sections 112.19 and 112.191 require municipalities to provide at least $50,000 in Accidental Death & Dismemberment Insurance (AD&D) to all law enforcement (police) officers and firefighters. The City's current statutory accidental death and dismemberment policy through Hartford Life and Accident Insurance Company expires September 30, 2009. On May 8, 2009, Gallagher Benefits Services (Gallagher) issued RFP No 10-2589 on behalf of the City. In response, bids were received from the following two (2) vendors: • Ace USA • Hartford Life and Accident Insurance Company Both policies provide the following state mandated benefits: Benefit Hazard Benefit Amount Accidental Death or Dismemberment While in the Line of Duty $59,694.46 Accidental Death While in Fresh Pursuit $59,694.46 Accidental Death Unlawful & Intentional Death $179,083.29 Each respondent provided their "best and final" proposal with a three (3) year rate guarantee as follows: Insurance Company Annual Premium Total Annual Savings Percent Savings from Current From Current Policy Polio Ace USA $14,965 $1,020 6% Hartford Life and Accident $12 744 $3 241 20% Insurance Com an , , July 15, 2009 City Commission Meeting Statutory Accidental Death and Dismemberment Policy Page 2 of 2 Both proposals provide a reduction in cost from the current annual premium of $15,985 with the best and final bid from Hartford Life and Accident Insurance Company, the incumbent carrier, providing the City with an annual premium reduction of 20%, a $3,241 savings from the current policy. After thoroughly evaluating the respondents, Gallagher Benefit Services recommends the renewal of the City's Statutory Accidental Death and Dismemberment policy with Hartford Life and Accident Insurance Company for a period of three (3) years (Attachment A) based on the following supporting factors: • Hartford Life and Accident Insurance Company offered the lowest premium cost, including a 20% reduction in the annual renewal premium • Hartford Life and Accident Insurance Company provided the City with a three (3) year rate guarantee FISCAL IMPACT The proposed renewal submitted by Hartford Life and Accident Insurance Company, the current insurance carrier, is 20% lower than the premium currently charged to the Cityfor this state mandated benefit for the City's approximate 359 sworn Police and 190 Firefighters. The current City premium is $15,985 annually and the proposed annual premium is $12,700. This reduction in premium results in an annual premium cost savings to the City of approximately $3,241 and a total cost savings for the three (3) year term of the policy of approximately $10,000. CONCLUSION The Administration has reviewed the recommendation provided and based on the cost savings to the City, recommends awarding the City's Statutory Accidental Death and Dismemberment policy to the incumbent Hartford Life and Accident Insurance Company. Attachment A Gallagher Benefits Services Letter of Recommendation ~t~ Gallagher Benefit Services, Inc.-- - -------------------- June 30, 2009 A Subsidiary of Arthur J. Gallagher & Co. Ramiro Inguanzo, Human Resources Director City of Miami Beach 1700 Convention Center Drive Miami Beach, Florida 33139 Re: Employee Benefits Recommendations Dear Mr. Inguanzo, At the City of Miami Beach's request, we released Request for Proposals (RFP's) for all City employee benefits including Medical, Dental, Life, Accidental Death and Dismemberment, Voluntary and Dependent Life, Statutory Accidental Death and Dismemberment, Employee Assistance Program, Vision, Short and Long Term Disability. A vendor list has been provided illustrating what carriers were supplied the RFP's and those that responded by product (See exhibit A). Recommendations will be discussed briefly below. Medical proposals were requested for claims administration and network access. We requested both duplication of existing benefits and alternate benefit schedules. Responses were received from the incumbent carrier Humana, AvMed, Cigna Healthcare, Aetna United and Blue Cross & Blue Shield of Florida. We recommend renewal with Humana based on the following: 1) Humana offered the lowest administrative fee's to the City including a reduction of current costs 2) Retaining Humana will cause no disruption to member provider relations 3) Physician and hospital reimbursement analysis revealed Humana's strong South Florida discounts Life and Accidental Death and Dismemberment Request for Proposal resulted in thirteen responses including the incumbent carrier, Standard. Short listing and continued negotiations results in the recommendation of Hartford Life for the Basic Life and AD&D, Dependent Life, Retiree Life and Voluntary Life. Reasons are as follows: 1) Lowest Basic Life, AD&D and Retiree cost to City and employees 2) Thirty six month rate guarantee Statutory Accidental Death and Dismemberment Benefit Request for Proposal resulted in two responses, the incumbent Hartford Life and Ace USA. We recommend renewal with Hartford. 1) Hartford offered lowest cost including a 25% reduction in current annual premium 2) No change to current benefits 3) Three year rate guarantee One Boca Place 2255 Glades Road, Suite 400 E Boca Raton, FL 33431 561.995.6706 Fax 561.995.6708 www.ajg.com 5 ~W~3~ :CI~ Currently Dental coverage (Indemnity/PPO and DMO) are purchased by the City on a fully insured basis for the DMO and self insured for the Indemnity and PPO. In addition to the incumbent response from Comp Benefits, eight addition proposals were received. We recommend awarding MetLife the fully insured DMO plan and self funding the Indemnity/PPO dental coverage. Factors supporting this recommendation are as follows: DMO 1) MetLife offered lowest DMO cost (16% reduction annually) while improving benefits to members 2) Large network of general dentists, Periodontists, Endodontic and Orthodontists. 3) Two year rate guarantee. Indemnity/PPO 1) Lowest annual administrative fee's 2) Improved benefits to participating members 3) Thirty six month rate guarantee The Employee Assistance Program is currently provided by Ceridian. Six additional proposals were received and reviewed for cost, benefits provided and Medical Plan integration opportunities resulting from the recent Federal Benefits Law changes impacting Mental Health Parity. Humana is the recommended vendor for the following reasons: 1) Improved benefits via increased face to face visits 2) Low cost relative to benefits provided 3) Medical plan savings opportunity as a result of common vendor coordination The Vision benefits Request for Proposal resulted in eight responses. Similar to the Dental benefits, both fully insured and self insured proposals were received. We are again recommending this benefit be self funded based on the low claims risk and trend predictability. EyeMed is the recommended vendor based upon: 1) Lowest administrative services fee 2) Comprehensive exam and hardware benefits 3) Large tri-county provider network Short and Long Term Disability Benefits RFP's responses were evaluated by vendors offering both coverage's. For continuity of coverage and a seamless transition from short term to long term disability, the objective is to provide continuity of coverage and a seamless transition from short to long term disability with no disruption due to differences in disability definition, medical evaluation and benefits offered. Unum is the recommended carrier. 1) Minimal participation requirement and no termination feature 2) Low overall cost 3) Family Medical Leave Act administration for all employees 4) Twenty four month rate guarantee for Long Term Disability and FMLA Administration 9 ~~ We appreciate the opportunity to work with the City and staff and would be happy to answer any questions you may have. Sincerely, Richard G. Schell Area Vice Preside