DATE: April 11, 2023
SUBJECT:
Title
RESOLUTION SELECTING AND AUTHORIZING A FIVE-YEAR AGREEMENT WITH HUB INTERNATIONAL INSURANCE SERVICES TO PROVIDE HEALTH BENEFIT BROKER AND CONSULTING SERVICES FOR AN AMOUNT NOT TO EXCEED $161,000 PER YEAR AND A TOTAL OF $805,000 FOR THE PERIOD OF MAY 1, 2023, THROUGH APRIL 30, 2028.
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EXECUTIVE SUMMARY:
A health benefits broker/consultant is required to assist the San Diego Unified Port District (District) with its health benefits program. The consultant serves as a broker negotiating health benefits and insurance plan premiums with insurance carriers on behalf of the District and assists the District with strategic planning, financial analysis, actuarial services, annual renewals, compliance, and other assistance as appropriate. The consultant will help the District achieve its goal of having a quality benefits program that is sustainable for the long term and will work to minimize healthcare and insurance costs for the District, employees, and retirees.
Staff issued a request for proposals (RFP) on December 7, 2022. Proposals were due on January 18, 2023, and five responsive proposals were received. A panel comprised of District staff, including bargaining unit representatives, reviewed the proposals and conducted finalist interviews with three companies on February 22, 2023:
Burnham Benefits Insurance Services, HUB International Insurance Services, and Keenan & Associates.
After a comprehensive review of all proposals, staff recommends that the Board select and authorize an agreement with HUB International Insurance Services as the District health benefits broker/consultant.
RECOMMENDATION:
Recommendation
Adopt a resolution selecting and authorizing a five-year agreement with HUB International Insurance Services to provide health benefits broker and consulting services for an amount not to exceed $161,000 per year and a total of $805,000 for the period from May 1, 2023, through April 30, 2028.
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FISCAL...
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