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CONSENT <br /> INDIAN RIVER COUNTY <br /> MEMORANDUM <br /> I..r TO: Joseph Baird, County Administrator <br /> FROM: Colleen Peterson, Human Resources Manager <br /> DATE: March 12, 2013 <br /> SUBJECT: Florida Blue—Administrative Services Agreement Renewal <br /> Staff seeks approval to renew the Administrative Services Agreement with Florida Blue at the <br /> March 19, 2013, regular meeting of the Board of County Commissioners. The term of the agreement <br /> will be from May 1, 2013, to September 30, 2015. <br /> The County's current Administrative Services Agreement with Florida Blue expires September 30, <br /> 2013. However, Florida Blue has agreed to reduce the administrative fee from $53.32 to $49.95 per <br /> participant per month effective May 1, 2013, if the County renews now. This renewal represents a <br /> 6.32%, or $63,410, savings per year beginning FY 2013-14. For the remainder of the current fiscal <br /> year, the County will save$26,421. <br /> Additionally,upon acceptance of this agreement, Florida Blue will provide a wellness contribution to <br /> the County in the amount of$75,000. The savings from the reduction in the administrative fee over the <br /> next two and a half years in conjunction with the wellness contribution amounts to $228,241. <br /> Similar to past agreements with Florida Blue,there is also an early termination fee of$125,000 if the <br /> County were to cancel this agreement prior to September 30, 2015. <br /> Recommendation <br /> Staff recommends that the Board authorize the County Administrator to execute the Administrative <br /> Services Agreement renewal with Florida Blue. <br /> ATTACHMENT: <br /> Florida Blue Administrative Services Agreement—May 1, 2013-September 30, 2015 <br /> APPROVED FOR AGENDA: <br /> Gp ­-1,p.,* . <br /> seph A. Baird, County Administrator Date <br /> Approval Date <br /> Admin. <br /> Legal t . <br /> Budget t3 1 <br /> Dept. 3i1413 <br /> Risk M mt. <br /> 122 <br />