The City of Peoria, AZ, has awarded a contract for Employee Benefits Consulting Services to Brown & Brown Insurance. The contract started on July 1, 2020, and is set to end on June 30, 2025. The contract has a duration of 5 years and is renewable. The City of Peoria, AZ, is responsible for paying for the services, with a total annual cost of $32,074,296. The contract includes various benefits, such as medical, dental, and vision coverage, as well as life insurance and disability benefits. The contract also includes a smoking surcharge and a blood pressure discount. The key aspects of this contract include the provision of employee benefits consulting services, the contract duration, and the total annual cost.
Some key points to consider are:
• The contract is for a duration of 5 years, with the option to renew.
• The total annual cost of the contract is $32,074,296.
• The contract includes various benefits, such as medical, dental, and vision coverage.
• The City of Peoria, AZ, is responsible for paying for the services.
• The contract has a smoking surcharge and a blood pressure discount.
This contract is significant because it provides essential employee benefits to the City of Peoria, AZ, and its employees. The contract's duration and total annual cost are important considerations for the City's budget and financial planning.