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MOK 92'W10 01 Stephanie C. Sheppa, Siver Insurance Management Consultants, presented highlights of the process they used in arriving at the recommendation outlined in her letter of July 12, 1994, as follows: July 12, 1994 Mr. Jack Price, Director Personnel Department Indian River County 1840 25th Street Vero Beach,1'L 32960 S IV 9400 Rcueh S4eet Noetb St. PeWsbw . F1vida 33702 P.O. Sao 21343 (33742) 3blephooe: (813) 377.2780 Fax: (8 13) 3794W2 Re: Group Medical, Group Life and Accidental Death & Disability and Group Long Term Disability Insurance - Proposals Analysis and Recommendation Dear Mr. Price: In April 1994, our firm prepared Request for Proposals (RFP) for the solicitation of competitive proposals for Group Medical, Group Life and AD&D coverages and Group Long Term Disability Insurance to be effective October 1, 1994- The RFPs were made available to all interested parties and a total of twenty-seven (27) companies responded with a variety of proposals on May 12, 1994. RECOMMENDATION It is our opinion that selection of the following proposers will serve the best interests of the County and its affiliated agencies: • Group Medical Insurance - Acordia of South Florida, Inc. (Acordia) • Group Basic We and AD&D Insurance - GroupAmenca Insurance Company (GroupAmerica) • Group Optional Employee Life and AD&D Insurance GroupAmerica Insurance Company (GroupAmerica) • Group Dependent We Insurance - GroupAmerica Insurance Company (GroupAmerica) • Group Long Term Disability Insurance - Florida Combined Life Insurance Company (Florida Combined) By selecting Acordia, the County has the potential to save approximately 28% over current costs to provide group medical insurance coverage to its employees and dependents. Additionally, the County will reduce its current costs by approximately 28% for group basic life and AD&D insurance coverage with GroupAmerica. July 19, 1994 106 s