Motion to approve recommended rates based on material terms for bid FY24-019 for the following Group Medical Insurance Benefit Providers: 1) Group Medical - Blue Cross Blue Shield of Texas 2) COBRA Administration Health Care Services Corp. - Blue Cross Blue Shield of Texas-Payflex 3) Dental Plan - Aetna 4) Flexible Spending Accounts - Payflex 5) Health Savings Accounts Administration - Blue Cross Blue Shield of Texas-HSA Bank 6) Retiree Medicare Advantage (Medical Supplemental, Dental and Vision) - Blue Cross Blue Shield of Texas 7) Retiree Billing - Blue Cross Blue Shield of Texas The City of Laredo will award a three (3) year initial contract from October 1, 2024 through September 30, 2027 with the City of Laredo retaining the right to renew up to two (2) additional one (1) year renewal periods with the exception of item No. 4) Retiree Medicare Advantage effective January 1, 2025; with a three (3) year guaranteed Administrative Fee rates; COBRA five (5) year rate guarantee. These contracts will be effective October 1, 2024, with the exception of item No. 4 that is effective January 1, 2025, funding is available in the Health and Benefits Fund.

Consent Agenda Agenda Ready Introduced February 1, 2024

What this record is

Held by: COBRA Administration Health Care Services Corp
Runs until: September 30, 2027 1 years away date quoted from the award document
Type: award
Field: Health & social

Read automatically from the title of the official record. The source document below is authoritative.