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CONSENT INDIAN RIVER COUNTY MEMORANDUM TO: Joseph Baird, County Administrator FROM: Colleen Peterson, Human Resources Manager 11. DATE: February 9, 2015 SUBJECT: Florida Blue — Administrative Services Agreement Renewal Staff seeks approval to renew the Administrative Services Agreement with Florida Blue at the February 17, 2015, regular meeting of the Board of County Commissioners. The term of the agreement will be from October 1, 2015, to September 30, 2018. The County's current Administrative Services Agreement with Florida Blue expires September 30, 2015. Florida Blue will maintain the current administrative fee of $49.95 per participant per month through September 30, 2017. However, effective October 1, 2017, the administrative fee will increase by 3% to $51.50 per participant per month. Florida Blue had originally proposed a 5% increase effective October 1, 2017, but the County was successful in negotiating the lower rate of 3%. This renewal represents a $29,165 increase beginning FY 2017-18 based on 1,568 enrolled employees. Additionally, upon acceptance of this agreement, Florida Blue will provide a wellness contribution to the County in the amount of $50,000 and an additional $50,000 on October 1, 2015, for a total of $100,000. Similar to past agreements with Florida Blue, there is also an early termination fee of $125,000 if the County were to cancel this agreement prior to September 30, 2018. Recommendation Staff recommends that the Board authorize the County Administrator to execute the Administrative Services Agreement renewal with Florida Blue. ATTACHMENT: Florida Blue Administrative Services Agreement — October 1, 2015 -September 30, 2018 APPROVED FOR AGENDA: #11 • • seph •.. C aird, County Administrator Admin. Approval 1 * Date :$ J)) Legal 4 ,,, Budget l �.Dept. if Risk Mgmt. 4i A2.i to -c Date 66