Title
RESOLUTION NO. 26R-09-183: A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF LAUDERHILL, FLORIDA, APPROVING THE RENEWAL OF THE CIGNA GROUP HEALTH INSURANCE PLAN FOR THE PERIOD BEGINNING OCTOBER 1, 2026 AND ENDING SEPTEMBER 30, 2027, TO INCLUDE OPEN ACCESS PLUS (OAP) IN AN EXCLUSIVE PROVIDER ORGANIZATION (EPO) AND OAP PLUS COVERAGE PLANS, AND ADDING A THIRD OAP-IN COVERAGE PLAN OPTION; APPROVING PAYMENT IN THE ESTIMATED AMOUNT OF $12,294,547 FROM THE APPROPRIATE BUDGET CODE NUMBERS; AUTHORIZING THE CITY MANAGER TO EXECUTE ALL NECESSARY DOCUMENTS; AND PROVIDING FOR AN EFFECTIVE DATE (REQUESTED BY CITY MANAGER, KENNIE HOBBS, JR.).
Body
Request Action:
Requesting the approval of the renewal submitted by Cigna for Group Health Insurance to include OAP In (EPO) and OAP Plus coverage plans. This Agreement covers the contract year of October 1, 2026 through September 30, 2027.
Need Summary Explanation/ Background:
The agreement includes a 16.99% increase in premiums, which represents approximately $1,625,516.
Cost Summary/ Fiscal Impact:
The estimated annual premium is $12,294,547 paid from various accounts.
Attachments:
#1 - Resolution
#2 - Recommendation Letter from Agent of Record
Budget Code Number(s): 001-162-504521
Procurement Information: [check all that apply]
[ ] RFP/Bid [ ] Emergency Purchase [ ] SBE
[ ] Proposal/Quote [ ] State Grant Funds [ ] Local Preference
[ ] Piggyback Contract [ ] Federal Grant Funds
[ ] Sole Source [ ] Matching Required