Explanation
Background Information:
This legislation authorizes the Director of Human Resources to enter into contract with Claims Technology Incorporated for employee benefit audits for the following lines of business: medical, pharmacy, pharmacy rebates, short term disability and pharmacy market check. The annual contract is $100,000. This ordinance represents the second year of a three year contract, from August 1, 2021 through July 31, 2022. Following the third year, the contract allows for two additional one year extensions if all parties are in agreement. Every year the contract renewal is subject to available appropriation and funding.
From August 1, 2021 through July 31, 2022 the City will request the following audits begin: medical, pharmacy, pharmacy rebates, pharmacy market check, and short term disability audit.
The maximum fees for these services from August 1, 2020 through July 31, 2022 will not exceed $274,500.00.
Fiscal Impact: Funding for this contract totals $100,000.00 and is budgeted from and within the 2021 Department of Human Resources' Employee Benefits Fund budget specifically for this purpose.
The contract compliance number for Claims Technology, Incorporated is CC012841.
Emergency Action: Emergency action is requested to ensure the City can move forward to commence benefit audits in 2021, so as not to lose audit rights as provided in the vendor contracts, as soon as possible, thereafter.
Title
To authorize the Director of Human Resources Department to enter into contract with ClaimsTechnology Inc. for employee benefit audits for medical, pharmacy, pharmacy rebates, short term disability and pharmacy market checks; to authorize the expenditure of $100,000.00 from and within the Employee Benefits Fund; and to declare an emergency. ($100,000.00)
Body
WHEREAS, it is in the best interest of the City to have employee Benefit audits performed on various insurance lines of business; and
WHEREAS, a committee comprised of personnel ...
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