Title
RESOLUTION NO. 25R-08-156: A RESOLUTION OF THE CITY OF LAUDERHILL, FLORIDA, APPROVING THE RENEWAL OF THE CIGNA GROUP HEALTH INSURANCE PLAN FOR THE REMAINING FOUR (4) YEARS OF THE ORIGINAL FIVE (5) YEAR TERM, WHICH BEGAN ON OCTOBER 1, 2024 AND ENDS ON SEPTEMBER 30, 2029, TO INCLUDE OPEN ACCESS PLUS (OAP) IN AN EXCLUSIVE PROVIDER ORGANIZATION (EPO) AND OAP PLUS COVERAGE PLANS; APPROVING PAYMENT OF $9,656,464, FROM THE APPROPRIATE BUDGET CODE NUMBERS; 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 October 1, 2025 through September 30, 2026.
Need Summary Explanation/ Background:
The 10% increase in premiums represents an increase in the amount of $954,822.00 this year.
Cost Summary/ Fiscal Impact:
The estimated annual premium is $9,656,464.00 paid from various accounts.
Attachments:
#1 - Resolution
#2 - Recommendation Letter from Agent of Record
#2 - Summary Plan Description
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