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March 1, 2018 - Regular School Board Meeting | ||||||||||||||||||||||||||||||||||||
Title D7 - Proposed Third Party Administrator ("TPA")/Benefit Consultant with The Bailey Group; Replacing current TPA Agreement with AON Hewitt | ||||||||||||||||||||||||||||||||||||
Description The School District obtains a Third Party Administrator/Benefit Consultant to provide scope of services listed but not limited to the following: Analysis of current Employee Benefit program, Procurement Assistance, Implementation, Transition and on-going Administrative support, Actuarial services, Health Care Reform and HIPAA compliance assistance.
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Gap Analysis TPA Commissions for calendar year 2017 were approximately $517,000.00. Piggybacking off St. Johns County School District RFP#2017-23 could generate a lower commission cost.
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Previous Outcomes Aon Hewitt has served as the TPA consultant of record for approximately fifteen (15) years, and earns commissions from the Insurance Carriers based on the amount of payments from the District to the carriers on a monthly basis.
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Expected Outcomes The Board to approve termination of the current Consulting Agreement with Aon Hewitt and enter into an agreement with The Bailey Group, piggybacking off St. Johns County School District RFP#2017-23.
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Strategic Plan Goal The District ensures fiscal responsibility and equitable distribution of resources.
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Recommendation The Board to approve termination of current Agent Agreement with Aon Hewitt and authorize the Superintendent to negotiate and execute an agreement from piggybacking off St. Johns County School District RFP#2017-23. | ||||||||||||||||||||||||||||||||||||
Contact Dr. Susan Legutko; Assistant Superintendent of Business Affairs; (904)336-6721; Susan.Legutko@myoneclay.net | ||||||||||||||||||||||||||||||||||||
Financial Impact Cost paid out of Insurance Commissions not to exceed $250,000.00 annually. | ||||||||||||||||||||||||||||||||||||
Review Comments | ||||||||||||||||||||||||||||||||||||
Attachments 2017-23-RFP SJCSD.pdf 2017-23-Board-Approval.pdf |