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AGENDA ITEM REVIEW FORM |
3.A.
Special Employee Benefit Trust Board Meeting
- Meeting Date:
- 05/04/2023
- Department Head:
- Adela Cortez
- Submitted By:
- Maria Barajas Gutierrez, Human Resources Coordinator, Human Resources Department
ITEM:
Discussion and possible action on any and all matters regarding the service agreement with SIARMED. (Susan Posada, Consultant and Broker).
SUMMARY:
The City of San Luis Employee Benefit Trust ("COSLEBT") provides healthcare benefits (medical and dental) for employees and their dependents in Mexico. Since 2015, COSLEBT has contracted the services of SIARMED to provide medical, dental, and administrative services to our members in Mexico.
SIARMED’s agreement is due to expire on June 30, 2023. COSLEBT and SIARMED’s administrators have expressed interest in renewing the existing agreement. In addition, SIARMED’s administration has agreed to maintain the same administrative fees, which are $3 per employee per month (PEPM) for medical and $1.50 PEPM for dental.
Attached to this agenda is a copy of the Amendment to extend SIARMED’s Agreement for three (3) years, through June 30, 2026.
SIARMED’s agreement is due to expire on June 30, 2023. COSLEBT and SIARMED’s administrators have expressed interest in renewing the existing agreement. In addition, SIARMED’s administration has agreed to maintain the same administrative fees, which are $3 per employee per month (PEPM) for medical and $1.50 PEPM for dental.
Attached to this agenda is a copy of the Amendment to extend SIARMED’s Agreement for three (3) years, through June 30, 2026.
RECOMMENDATION / SUGGESTED MOTION:
I MOVE TO APPROVE THE AMENDMENT TO EXTEND SIARMED'S AGREEMENT THROUGH JUNE 30, 2026.
Fiscal Impact
Fiscal Impact:
No increase in the three-year contract of the per employee per month rate.