Proposed Contract Amendment Department(S): Department Of Risk Management Vendor: Mercer Health & Benefits Administration Llc, New York, New York Request: Authorization For The Chief Procurement Officer To Renew Contract Good(S) Or Service(S): Voluntary Be

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Proposed Contract Amendmentdepartment(S): Department Of Risk Management Vendor: Mercer Health & Benefits Administration Llc, New York, New York Request: Authorization For The Chief Procurement Officer To Renew Contract Good(S) Or Service(S): Voluntary Benefits Administration Original Contract Period: 7/1/2019 - 6/30/2024 With Two (2) Two-Year Renewal Optionsproposed Amendment Type: Renewalproposed Contract Period: Renewal Period 7/1/2024 - 6/30/2028 Total Current Contract Amount Authority: $0.00 Original Approval (Board Or Procurement): Board, 6/27/2019, $0.00 Increase Requested: N/Aprevious Board Increase(S): N/A Previous Chief Procurement Officer Increase(S): N/Aprevious Board Renewals: N/Aprevious Chief Procurement Officer Renewals: N/Aprevious Board Extension(S): N/A Previous Chief Procurement Officer Extension(S): N/Apotential Fiscal Impact: N/Aaccounts: N/Acontract Number(S): 1730-16794Concurrences:the Vendor Has Met The Minority- And Women-Owned Business Enterprise Ordinance Via: Direct Participation.the Chief Procurement Officer Concurs.summary: This Two, Two-Year Renewal Option Will Allow The Department Of Risk Management To Continue To Receive Voluntary Benefits Administration Services, Including Critical Illness Insurance, Accident Insurance, Short-Term Disability Insurance, Voluntary Universal Life Insurance, And Pre-Paid Legal Services. These Voluntary Benefits Are Intended To Complement The Group Health Benefit Offerings And Provide Value-Added Services To Cook County Employees And Plan Administrators. Although An Administrative Element Is Involved In Offering These Benefits, These Are No-Fee Services For The County As The Employee Contributes The Full Cost Of Each Product On A Post-Tax Basis. A Payroll Deduction Interface Is Established With The Vendor To Facilitate Deductions. The Contract Was Awarded Through A Publicly Advertised Request For Proposals (Rfp) Process In Accordance.

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AI Summary: The bill proposes an amendment to renew a contract with Mercer Health & Benefits Administration LLC for voluntary benefits administration services for the Department of Risk Management in Cook County. The renewal period is from July 1, 2024, to June 30, 2028, with two two-year renewal options. The services include critical illness insurance, accident insurance, short-term disability insurance, voluntary universal life insurance, and pre-paid legal services for county employees. The employees pay the full cost of each product post-tax, and there is no fee to the county. The contract was awarded through a publicly advertised request for proposals process.

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  • 5/16/2024 : Board Of Commissioners