Label
Stop Loss Insurance Services
Department of Human Resources
Tyrome Alexander (x1031)
(Revised)
Title
Authorizing a one-year policy renewal for the provision of specific stop loss insurance services for the City of Toledo covered employees with Medical Mutual of Ohio; authorizing the expenditure of funds in an amount not to exceed $530,000 from the Healthcare Internal Service Fund; waiving the competitive procurement requirements of TMC 187; and declaring an emergency.
Body
SUMMARY & BACKGROUND:
The City of Toledo's contract with Medical Mutual of Ohio, our current provider, expires on July 31, 2020. The City of Toledo sought a quote for renewal for the provision of specific stop-loss insurance services related to hospitalization, surgical-medical, major medical, medical management services pharmacy benefit services for the City of Toledo's Police, Fire Chief's and Civilian employees. The quote provided by Medical Mutual of Ohio represents a minimal increase from the previous year, and presents the best option under the circumstances of COVID-19. Funding for this was anticipated and is included in the 2020 Approved Operating Budget.
The fiscal impact of this ordinance is as follows:
- The amount of funds requested: $530,000
- The expenditure budget line item: 7083-17100-1156001STDSTD
- New revenue generated (operational revenue, grants, if any): none
- Revenue budget line item (if any): none
- Are funds budgeted in the current fiscal year (yes/no)?: yes
- Is this a capital project (yes/no)? no
- If yes, is it new or existing (new/existing)? n/a
- What section of the City's Strategic Plan does this support:
o Excellence in Basic Services (yes/no) yes
o Quality Community Investment (Livable City, Development) (yes/no) no
o Workplace Culture & Customer Service (yes/no) yes
o Environment (yes/no) no
Summary
NOW, THEREFORE, Be it ordained by the Council of the City of Toledo:
SECTION 1. That the mayor is authorized to renew the existi...
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