Awarded vendors
- Guardian Life Insurance Company of America
Description
The City of Goodyear has entered into an administrative services agreement with Guardian Life Insurance Company of America to provide short-term disability benefits to its employees. The agreement includes checkwriting services, billing, and reporting. The City of Goodyear is responsible for funding the claims, and Guardian is responsible for administering the program. The agreement has a term of one year, with automatic renewal for up to 48 months. The City of Goodyear has the option to terminate the agreement with 31 days' written notice. Key aspects of the contract include:
* The City of Goodyear is the employer and the City of Goodyear is responsible for funding the claims.
* Guardian Life Insurance Company of America is the administrator of the program.
* The program includes short-term disability benefits for City of Goodyear employees.
* The agreement has a term of one year, with automatic renewal for up to 48 months.
* The City of Goodyear has the option to terminate the agreement with 31 days' written notice.
* The agreement includes checkwriting services, billing, and reporting.
Some key benefits of this contract include:
* The City of Goodyear has access to a comprehensive short-term disability program for its employees.
* Guardian Life Insurance Company of America provides administrative services, including checkwriting and billing.
* The agreement includes reporting requirements to ensure the City of Goodyear is informed about the program's performance.
However, there are also some potential drawbacks to consider:
* The City of Goodyear is responsible for funding the claims, which could be a significant financial burden.
* The agreement has a term of one year, with automatic renewal for up to 48 months, which could limit the City of Goodyear's flexibility to make changes to the program.
Overall, this contract provides the City of Goodyear with a comprehensive short-term disability program for its employees, while also providing Guardian Life Insurance Company of America with a long-term administrative services agreement.