HomeMy WebLinkAboutMemorandum of Understanding with CompBenefits, Corp/~ 7~ - ~~~ ~~ ~
MEMORANDUM OF UNDERSTANDING
AND
AGREEMENT
BETWEEN
COMPBENEFITS, CORP.
AND
City of Miami Beach, Florida
It is hereby understood and agreed by the undersigned parties that CompBenefits agrees to
provide a Dental Plan for all full-time employees of the City of Miami Beach, Florida as follows.
1. A Dental Benefits Program, which consists of a Network Based Dental Care Plan
through CompBenefits (CS 150), PPO (EP505) Dental Plan and an Indemnity
Dental Plan (Elite 400), with the following monthly rates guaranteed for two (2)
years from the effective date of the agreement:
Managed Care Dental Plan: CS 150
Employee Only $10.36
Employee + One $19.33
Employee + Family $25.15
PPO Dental Plan EP505
Employee Only $23.86
Employee + One $46.00
Employee + Family $70.49
Indemnity Dental Plan: Elite 400
Employee Only $30.17
Employee + One $58.18
Employee + Family $89.16
2. CompBenefits will provide:
a. Brochures and all marketing materials necessary for enrollment.
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b. A current list of Compbenefits Preferred Providers for all work
locations
c. A Preferred Provider Network reasonably suitable for handling the
employee/patient flow
d. Employee Identification Cards to be mailed to the employee's
residence
e. Employee Certificate of Benefits to be mailed to the employee's
residence.
f. Ample supplies of applications and marketing materials for all new
full-time City employees.
g. Coordination with management during on-site enrollment when
possible by City personnel where permitted.
3. Verification of all enrolled employees to be supplied to the group as requested (by
CompBenefits) upon fifteen (15) days written notification.
4. Retired employees, surviving spouses, and terminated employees have the right to
convert to an individual network based dental care plan.
5. Expeditious handling and judicious settlement of all claims for indemnity benefits
from the CompBenefits Office.
6. Managed care dental plan rates and benefits are for the Plan Year, January 1 S`,
2007 through December 31S`, 2009. Indemnity dental plan rates and benefits are
for the Plan Year, January 1 S`, 2007 through December 31st, 2009.
7. The City agrees to the following:
a. Coverage will be effective on the first of the month following an
employee's full-time hire date provided that the application for
coverage is received by the CompBenefits Office by the 15`h of the
preceding month.
b. Applications submitted to the CompBenefits Home Office after the
15`h of any month will have a coverage effective date of the ls` of the
next succeeding month.
c. Premiums for renewals on existing employees must be received by the
CompBenefits Office no later than the 20th of the month of coverage.
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8. Termination of Agreement:
a. The City has the right to terminate this Agreement without cause and
for its convenience by providing sixty (60) days prior written notice to
CompBenefits.
b. Network Based Dental Care Plan -CompBenefits has the right to
terminate this Agreement by providing one hundred and twenty (120)
days prior written notice to the City. However, for non-payment of
premium, CompBenefits has the right of thirty-one (31) days prior
written notice.
c. Indemnity Dental Plan- CompBenefits has the right to terminate this
Agreement by providing one hundred and twenty (120) days prior
written notice. However, for non-payment of premium, CompBenefits
has the right of thirty-one (31) days prior written notice.
Signed and Agreed this day ll0 of ~~'' ~ , 2007.
CompBenefits, Corp.
a CompBenefits Company
By: }~~
Alvaro
Vice P
of Sales Florida
By:
Title:
City of Miami Beach, Florida
Attest: `
' gnature
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Attest: ~ ~-~
Signature
~o r3~T F ~t ~~
Print Name Print Name
3
Na Mat i Herrera Bower
Vice-Mayor
APPROVED AS TO
FORM & t.ANGUAGI
8~ FOR ~CUTION