| | | | | | | |  | CITY OF ORLANDO
AGENDA ITEM
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Items Types: Business and Financial Services
| For Meeting of: 12/8/2014
| | District:ALL | On file (City Clerk):Yes |
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| | | | | | | | | Subject: | Award to Symetra Life Insurance Company for Stop Loss Insurance for City Self-Funded Employee Health Care Insurance for plan year 2015 (RFP15-0097) | | Summary: | As included in the scope of the City’s Health Care and Benefits Consultant contract (RFP12-0115), RobinsonBush, Inc. solicited bids for Stop Loss Insurance for the City Self-Funded Employee Health Care Insurance. The following bids were received in response to the subject solicitation:
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Supplier
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Bid Amount
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Symetra Life Insurance Company
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$349,453.00
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Voya Financial, Inc.
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$444,659.00
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HCC Life Insurance Company
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$445,759.00
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Standard Security Life Insurance Company of New York (SSLICNY)
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$479,879.00
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ACE American Insurance Company
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$516,750.00
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UnitedHealthcare
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$555,273.00
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Everest National Insurance Company
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$749,536.00
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RobinsonBush, Inc. has made a recommendation to award to the lowest, responsive and responsible bidder Symetra Life Insurance Company of Norcross, GA, for the purchase of Stop Loss Insurance for City Self-Funded Employee Health Insurance in the amount of $349,453.00 for a one (1) year term. The Procurement and Contracts Division and the Human Resources Division have evaluated the bids and concur with the recommendation.
No City Certified M/WBE suppliers are registered for this commodity. | | Fiscal and Efficiency Data: | | | Recommended Action: |
Utilize the bids solicited through the City’s Health Care and Benefits Consultant contract (RFP12-0115), approval of award to Symetra Life Insurance Company, authorize the Chief Procurement Officer to enter into an agreement and sign related documents with Symetra Life Insurance Company as indicated above in the annual amount of $349,453.00 subject to review and approval by the City Attorney’s Office. | | Contact: | David Billingsley |
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| ATTACHMENTS: | | File Name | Description | Type | | Fiscal_Impact_Statement-Stop_Loss_Insurance_2015.pdf | Fiscal Impact Statement | Fiscal Impact Statement | | Bid_Evaluation_Transmittal_Memo_11-21-2014.pdf | Bid Evaluation Memo - HR | Backup Material | | RB_-_Financial_Comparison.pdf | Cost Comparison of Proposers | Backup Material | | RB_-_Worksheet_Summary.pdf | Proposal Worksheet Summary | Backup Material | | Symetra.pdf | Symetra Life Insurance Company Proposal | Backup Material |
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 "Enhance the quality of life in the City by delivering public services in a knowledgeable, responsive and financially responsible manner." |
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