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2 <br />Consolidated Omnibus Budget Reconciliation Act (COBRA) Notification: The benefit <br />administration system is also used to generate COBRA notification to our COBRA continuation <br />and billing provider. When an employee separates employment, or there is a loss of coverage, <br />the benefit enrollment system is updated to reflect the separation or loss of coverage, and this <br />initiates a notification to mail out notice of COBRA continuation rights to the affected individual. <br />Affordable Care Act (ACA) Reporting: The benefit administration system tracks medical plan <br />enrollment and is used to generate ACA 1095-C Employer -Health Insurance Offer and Coverage <br />forms for all benefit eligible employees. The ACA 1095-C information is also submitted to the <br />IRS by WEX on behalf of the County and for all eligible Constitutional Offices. <br />COST AND RENEWAL: <br />The annual cost of the benefit administration system is approximately $78,000 per year and <br />provides support for over 3,600 enrolled participants. WEX has provided a one-year renewal <br />with no rate increase Effective May 1, 2023 through April 30, 2024. <br />FUNDING: <br />Funding, in the amount of $78,000, for the benefit administration system is provided in the <br />Health Insurance Fund/Other Professional Services account, number 50412719-033190. <br />Account Description I Account Number Amount <br />Health Insurance Fund/Other Professional Services 1 50412719-033190 $78,000 <br />RECOMMENDATION: <br />Staff respectfully requests the Board of County Commissioners approve the recommendation to <br />renew with WEX Health Inc. to provide benefit administration technology and services for the <br />County's comprehensive employee benefit program effective May 1, 2023 through April 30, 2024 <br />and to authorize the Board Chairman to sign the service agreement addendum after review and <br />approval by the County Attorney. <br />Attachments: WEX Health, Inc. Service Agreement Addendum <br />Benefit Express Services, LLC Technology and Services Agreement <br />75 <br />