Label
Stop Loss Insurance - Anthem Blue Cross and Blue Shield
Human Resources
Michael Niedzielski (x2182)
Revised
Title
Authorizing the Mayor to enter into an agreement with Anthem Blue Cross and Blue Shield for the provision of specific stop loss insurance services for a term of one (1) year; authorizing the expenditure of funds from the Healthcare Internal Service Fund; and declaring an emergency.
Body
SUMMARY & BACKGROUND:
The City of Toledo's Department of Human Resources sought competitive proposals regarding stop loss insurance services related to hospitalization, surgical-medical, major medical, and medical management services for City of Toledo employees from March 15, 2024 to April 23, 2024. One (1) proposal was submitted. The Department of Human Resources, in consultation with McGohan Brabender, the City's Benefits Consultant, reviewed the proposal and recommend that Anthem Blue Cross and Blue Shield's proposal be accepted for a one (1) year contract beginning June 1, 2024 through May 31, 2025. Anthem Blue Cross and Blue Shield is the City's current provider for Stop Loss Coverage. It is estimated the cost of the coverage will be approximately $788,350 for a one (1) year period.
Summary
NOW THEREFORE Be it ordained by the Council of the City of Toledo:
SECTION 1. That the Mayor is authorized to enter into agreement with Anthem Blue Cross and Blue Shield to provide stop loss insurance services. Such Agreement shall contain terms and conditions deemed proper and requisite according to the Director of Law and Director of Human Resources.
SECTION 2. That subject to appropriation the expenditure of funds in the amount necessary for the maintenance of the stop loss insurance services is authorized from the Healthcare Internal Service Fund Account Code 7083-17100-1156001STDSTD.
SECTION 3. That the Director of Finance is authorized to draw warrant or warrants against the account code in Section 2 in payment of th...
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