Title
FY2018 Employee Insurance Renewal
History
The Horton Group completed a market analysis on behalf of Village of Orland Park and has provided final recommendations for the 01/01/2018 renewal of the following benefit programs:
· Medical/RX
· Dental
· Vision
· Life and AD&D
· Short Term Disability
· Flexible Spending Account (FSA)
· Employee Assistance Program (EAP)
· Virgin Health Miles (Wellness Initiative)
· CHC Biometric Screenings (Wellness Initiative)
Based on the final analysis provided by The Horton Group, the following carriers/vendors associated with each benefit offering are being recommended effective 01/01/2018:
· BlueCross BlueShield of Illinois (Medical/RX)
· Delta Dental of Illinois (Dental)
· EyeMed (Vision)
· Dearborn National (Life/AD&D, STD)
· Discovery Benefits (Flexible Spending Account Administration)
· Metropolitan Family Services (Employee Assistance Program)
· Virgin Pulse (Pedometer and Rewards Program - Wellness Initiative)
· CHC (Biometric Screenings - Wellness Initiative)
· The Horton Group (Benefit Consultant)
Attached is a summary of the renewal for each benefit offered. Actual budgeted amounts will be adjusted to reflect the number of participants per plan, including Village and library staff as well as retirees. This summary also includes Trinity Services, the current provider of 24/7 crisis response services, for the Police Department and Village employees.
The Village Medical/Rx plan is self-funded and is administered by an insurance carrier to provide the appropriate medical networks and administrative services. Proposals for the FY2018 Medical/Rx insurance administrator renewal are based on the carriers’ estimations of the Village’s expected claims for the year, stop loss coverage, and run-in claims. To ensure the best possible pricing, The Horton Group works on behalf of the Village to negotiate with carriers to obtain best and final offers.
BlueCross BlueShield of Illinois (BCBS) presented the most competi...
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