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MB-4425 - USA (Michigan) - Third Party Administrator Benefit Services - Deadline August 28,2020

Product (RFP/RFQ/RFI/Solicitation/Tender/Bid Etc.) ID: MB-4425

Government Authority located in Michigan; USA based organization looking for expert vendor for third party administrator benefit services.

[A] Budget: Looking for proposal

[B] Scope of Service:

(1) Vendor needs to provide third party administrator benefit services medical, dental, vision, life, AD&D, long term disability programs, wellbeing program, employee assistance program, ancillary voluntary benefit plans as well as Section 125 flexible spending accounts, dependent care accounts, health savings accounts, The consolidated omnibus budget reconciliation act of 1985, family medical leave act administration, health insurance portability and accountability act and patient protection and affordable care act.
- Annually review claims history and current health plan, including managed care utilization for change opportunities that maximize cost savings while minimizing agency and employee/retiree impact.
- Prepare an annual report summarizing current benefit plan arrangements and potential action steps, as well as financial impact to both employees and retirees and the agency.
- Prepare a report summarizing the current FSA, HSA, HIPAA, COBRA and PPACA processes, potential alternatives to the current approaches and a measure of the financial effectiveness of the current approaches. Develop action steps for maximizing cost savings while minimizing employee impact as needed.
- Facilitate bi‐annual (twice a year) meetings with each insurance provider to ensure that vendor relationships and service levels are maintained at promised levels.
- Conduct research, provide reports and conduct presentations to the Board and Administration as requested.
- Prepare benchmark information on plan design and costs with a comparison to national and local survey data.
- Contact each insurance provider for early renewal pricing and ensure that renewals are received in time to evaluate options and make changes.
(2) All the questions must be submitted no later than August 12, 2020
(3) The contract period will be for three year.  

[C] Eligibility:

Onshore (US organization Only)

[D] Work Performance:

Performance of the work will be Offsite. Vendor needs to carry work in their office premises.

Expiry Date : Friday, 28 August, 2020

Question Answer Deadline : Wednesday, 12 August, 2020

Category : Medical Billing and Coding

Country : USA

State : Michigan

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