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:
|
Supplier
|
Bid Amount
|
|
Symetra Life Insurance Company
|
$349,453.00
|
|
Voya Financial, Inc.
|
$444,659.00
|
|
HCC Life Insurance Company
|
$445,759.00
|
|
Standard Security Life Insurance Company of New York (SSLICNY)
|
$479,879.00
|
|
ACE American Insurance Company
|
$516,750.00
|
|
UnitedHealthcare
|
$555,273.00
|
|
Everest National Insurance Company
|
$749,536.00
|
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. |
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. |