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❖ Chard Snyder (Incumbent COBRA provider) <br />❖ Clarity Benefit Solutions <br />❖ Discovery/WEX Benefits <br />❖ Employee Benefits Corperation <br />❖ P&AGroup <br />❖ TASC (Incumbent FSA and retiree billing provider) <br />After review of the initial responses, and with the assistance of Lockton Companies, staff participated in <br />finalist presentations with four (4) vendors: <br />Chard Snyder <br />❖ Clarity Benefit Solutions <br />❖ Discover/WEX Benefits <br />❖ P&AGroup <br />Following these presentations, Chard Snyder was eliminated from consideration, since the other vendors <br />demonstrated superior reporting, communicatior and online portal experience. Clarity Benefit Solutions <br />was the only vendor who demonstrated the ability to handle the complexities associated with our retiree <br />billing needs and also demonstrated improved reporting and online portal experience. Discover/WEX <br />Benefits and P & A Group were identified as the finalists for FSA and COBRA services and after evaluating <br />feedback from Lockton references, P & A Group is the recommended vendor. Sample agreements for <br />Clarity Benefit Solutions and P & A Group are attached. <br />• The per participant per month cost for FSA with P & A Group is $3.00 <br />• The per retiree per month cost for retiree billing with Clarity is $2.50. <br />• The per benefit eligible employee per month cost for COBRA services with P & A Group is $.50 <br />(excludes retirees enrolled in the health p4an resulting in an overall savings) <br />FINANCIAL ANALYSIS: <br />Under staff's recommendation, the overall cost of both FSA and COBRA administration would decrease, <br />and the retiree billing cost would increase. However, there would be a total reduction in expenses of <br />approximately $500 based on current enrollment. Although, there is an increased cost for retiree billing, <br />staff believes that it is necessary to change retiree billing vendors due to ongoing communication errors <br />that have been experienced with TASC over the past two years. <br />Estimated Cost Breakdown based on <br />enrollment counts <br />Estimated FSA/DCA Annual Fees <br />Estimated COBRA Annual Fee <br />Estimated Retiree Annual Fee <br />Estimated Total First Year Cost <br />$11,357 <br />$9,360 <br />$8,645 <br />$8,256 <br />$8,561 <br />$10,440 <br />$28,563 <br />$28,056 <br />Rate Guarantee <br />3 Years - COBRA & <br />Retiree Billing; <br />5 Years FSA Admin. <br />29 <br />