The City of Port St. Lucie has awarded a contract to Florida Combined Life Insurance Company, Inc. for Employee Group Dental Administrative Services. The contract, valued at $58,104 annually, has a total estimated value of $290,520 for the initial five-year term. The contract has been renewed for an additional five-year period, with the new renewal rate set at $4.75 per eligible employee per month. The contractor will provide administrative services, including claims review and payment, enrollment, and record-keeping. The contract includes provisions for cooperation with the inspector general, successors and assigns, and entire agreement. Key aspects of the contract include:
• Contract term: 10 years
• Contract value: $290,520 (initial 5-year term), with a renewed term valued at $58,104 annually
• Services provided: Employee Group Dental Administrative Services
• Contractor: Florida Combined Life Insurance Company, Inc.
• City of Port St. Lucie responsibilities: self-funding of dental benefits, cooperation with the inspector general
• Contractor responsibilities: claims review and payment, enrollment, record-keeping, cooperation with the inspector general