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TO: |
Board of Trustees |
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THROUGH: |
Jay Fox, Executive Director |
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FROM: |
Kimberly Shanklin, Chief People Officer |
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PRESENTER(S): |
Ann Green-Barton, Manager of Total Rewards |
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TITLE:
title
Contract: Medical Insurance Services - Administrative Employees (SelectHealth)
end
AGENDA ITEM TYPE:
Procurement Contract/Change Order
RECOMMENDATION:
Approve and authorize the Executive Director to execute the 5-year base contract and associated disbursements with SelectHealth for medical insurance services in the not to exceed amount of $55,000,000 over five years.
BACKGROUND:
This contract purchases medical insurance coverage for administrative employees through SelectHealth for Utah Transit Authority (UTA).
DISCUSSION:
UTA traditionally offers medical insurance coverage to administrative employees through two vendors. UTA conducted an RFP for health insurance benefits. As a result of this process, UTA selected SelectHealth as one of the vendor options to continue providing health insurance benefits.
This contract is for an initial five-year period from May 2022 through April 2027, with the option to extend the initial term for up to five additional years, The structure of this contract allows UTA to continue with SelectHealth as a provider beyond five years if UTA believes the terms, cost, and service are competitive. Staff will seek additional board approval of any option years beyond the initial five-year base contract period.
Experience with SelectHealth has been positive overall from a customer service standpoint, the rates have been competitive, and the network of providers allows employees a greater selection when seeking health care.
CONTRACT SUMMARY:
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Contractor Name: |
SelectHealth, Inc. |
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Contract Number: |
#22-03549BM |
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Base Contract Effective Dates: |
May 1, 2022 through April 30, 2027 |
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Extended Contract Dates: |
Pending future board approval |
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Existing Contract Value: |
$0 |
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Amendment Amount: |
$0 |
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New/Total Contract Value: |
$55,000,000 |
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Procurement Method: |
Request for Proposal (RFP) |
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Budget Authority: |
Included in operating budgets |
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ALTERNATIVES:
Extend current contracts or stop offering medical insurance benefits.
FISCAL IMPACT:
These costs are programmed in the 2022 budget.
ATTACHMENTS:
Contract: Administrative Employees Medical Insurance Coverage (SelectHealth)