Label
Vision Insurance- Vision Benefits of America
Human Resources
Michael Niedzielski (x2182)
Title
Authorizing the Mayor to enter into an Agreement for vision insurance services for covered employees and their dependents, for a term of three (3) years with one (1) year optional renewal; authorizing the expenditure of funds from the Healthcare Internal Service Fund; and declaring an emergency.
Body
SUMMARY & BACKGROUND:
The Department of Human Resources sought competitive proposals for vision insurance services from May 3rd to June 4th, 2024. Nine (9) proposals were received. The City in conjunction with McGohan Brabender, the City's benefit consultant, reviewed and analyzed the proposals and presented these results to the Healthcare Cost Containment Committee (HCCC) and the administration. Based on this review, Vision Benefits of America has been selected to be the City's vision provider for covered employees and their dependents. Vision Benefits of America is the City's current vision insurance provider, and their proposal includes a reduction in the annual premium from our current agreement. It is estimated that the administrative cost associated with this agreement will be approximately $62,621 per year.
Summary
NOW THEREFORE Be it ordained by the Council of the City of Toledo:
SECTION 1. That the Mayor is authorized to enter into a three (3) year agreement with one (1) year optional renewal for vision 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 annual appropriation expenditures for healthcare related third party vision insurance services are authorized from the Healthcare Internal Service Fund Account Code 7083-17100-1156001STDSTD. That said costs shall then be allocated to Account Code 517400 (Medical Insurance) within the various City organization units.
SECTION...
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