Benefits Broker

The City of Peoria, Arizona, has awarded a contract to Brown & Brown Insurance Services, Inc. for benefits brokerage services. The contract is for a term of two years, with an option to renew for an additional three years. The vendor will provide a range of services, including statistical analysis, policy analysis, administrative support, contract negotiations, and legal support. The contract is valued at $75,000 annually. The key aspects of this contract include the provision of professional benefits guidance and services, including self-funded health plan management, administrative support, and contract negotiations. The vendor will work closely with the City's Human Resources department to provide guidance and support on benefits-related matters. Some of the key services provided by the vendor include: • Statistical analysis and reporting • Policy analysis and recommendations • Administrative support, including plan document review and contract interpretation • Contract negotiations and renewal rate analysis • Legal support, including compliance with laws and regulations The contract also highlights the importance of innovation and creativity in benefits management, with the vendor committed to providing innovative solutions to meet the City's needs. The vendor's approach to risk pool management is also emphasized, which involves addressing employee choice before utilization to create healthier and more efficient risk pools. Overall, this contract aims to provide the City of Peoria with a comprehensive benefits brokerage service that meets its needs and supports its employees.