24-2524 Insurance Brokerage Services Addendum #3.pdf
PDF 182 KB Posted
- Attached to
- Insurance Brokerage Services
- Solicitation number
- 24-2524R
- Issued by
- Muskegon County, Michigan
About this file
This document is Addendum #3 for the Insurance Brokerage Services Request for Proposal (RFP 24-2524R) issued by Muskegon County, Michigan, dated February 29, 2024. The addendum provides critical information for potential insurance brokerage service providers, with bids due no later than 10:00 AM on March 13, 2024, through the electronic Bidnet system. The document includes responses to questions from potential bidders, specifically addressing inquiries about current medical insurance premiums, plan offerings, and employee contributions.
The addendum reveals Muskegon County's current medical insurance landscape, which includes multiple plan options for active and retired employees. The county offers various high-deductible and HSA plans with different coverage levels and contribution structures. The total monthly premium for medical insurance in March 2024 is $1,304,382.06, with the county paying between 71% and 100% of premiums depending on the specific plan and employee classification. The current broker/consultant compensation is commission-based, and the county provides detailed information about total eligible employees, enrollment numbers, and the percentage of county contribution for medical, dental, and vision plans.
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Other files
| File | Type | Posted |
|---|---|---|
| Q&A Document 3.pdf | ||
| 24-2524 Insurance Brokerage Services.pdf | ||
| W9 BLANK.pdf | ||
| Q&A Document 1.pdf | ||
| Q&A Document 2.pdf |
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Text version
BOARD OF
COMMISSIONERS
Charles Nash
Chair, District 5
Jessica Cook Vice Chair, District 6
Kim Cyr District 1
Zach Lahring
District 2
Michelle Hazekamp District 3
Marcia Hovey-Wright
District 4
Darrell Paige District 7
February 29, 2024
ADDENDUM #3
Insurance Brokerage Services
RFP 24-2524R
This is addendum #3 to RFP 24-2524R Insurance Brokerage Services for County of Muskegon Board of Commissioners. Please indicate this addendum on the Addenda Summary of the qualification package; failure to acknowledge all addenda may be cause for rejection of the qualification.
Questions 3 – 6 are answered on the following page(s).
Bids are due in no later than 10:00 AM, March 13, 2024, to the Procurement Office. Submittal Instructions are located in the Qualifications Conditions/Instructions for Responders in the RFP.
The time of receipt shall be determined by the time clock stamp in the electronic Bidnet system.
Respondents are responsible for ensuring that their bid response is submitted by the deadline indicated.
No late qualifications will be accepted.
Sincerely, Angela Gasiewski
Angela Gasiewski, CPA Finance Director
Active: Premium
20 254,835.37$
22 705.03$
29 14,653.84$
34 63,219.59$
38 794,440.53$
43 725.60$
Sub Total: 1,128,579.96$
Retiree: Premium
16 51,952.92$
25 48,589.15$
MA 75,260.03$
Sub Total: 175,802.10$
Total 1,304,382.06$
Plans Plan Offered To Total EE's Eligible Total Enrollment (Including Spouse/Dependents)
High Deductible $500/$1,000 All Employees 1,023 0
High Deductible $750/$1,500 All Employees (excluding Non-Barg Defined Benefit EE's) 946 20
High Deductible $1,000/$2,000 Defined Benefit Non Bargaining Employees ONLY 77 1
HSA Embedded Plan Defined Benefit Non Bargaining Employees ONLY 77 131
HSA $2,500/$5,000 All Employees (excluding Non-Barg Defined Benefit EE's) 946 1,559
HSA $1,600/$3,200 All Employees 1,023 401
Plan % County Pays
Dental 85%
Vision 85%
High Deductible $500/$1,000 96% For All Employees (excluding Non-Barg Defined Benefit EE's)
High Deductible $500/$1,000 93% For Defined Benefit Non Bargaining Employees ONLY
High Deductible $750/$1,500 100%
High Deductible $1,000/$2,000 100%
HSA Embedded Plan 100%
HSA $2,500/$5,000 100%
HSA $1,600/$3,200 82% For All Employees (excluding Non-Barg Defined Benefit EE's)
HSA $1,600/$3,200 71% For Defined Benefit Non Bargaining Employees ONLY
Q#4 "Hello - Are all 6 of the different medical plan optoins offered to all employees? If not, can you share which classes of employees are offered which plans? Cound you also share the breakdown of how many subscribers per plan offering and if available total members covered (spouses and children).
Q#5 How is broker/consultant compensation currently structured? Does the County have a preferrence on whether it is commission based or a flat fee?
A#5 Current structure is commission based. There is no preference.
Q#6 What is the employer/employee contribution structure? What % does the County pay for medical, dental, vision?
Muskegon County's premium for medical insurance for the month of March 2024
Q#3 "Hello - to better tailor cost savings solutions, will the county share information regarding current premium spend for medical coverage?"
File details come from the government source that posted it. Updated .