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CONF I DENT I A L │ PAGE 26
Joplin Schools RFQ – Group Benefit Broker/Consultants
5. When a decision is made by the District, the broker is to market health, as well as any other insurance
or benefit service program provider, by preparing proposal specifications, identifying insurer/service
providers and negotiate with underwriters on the terms and conditions on coverage and price. Confirm
that the proposed services and fees included herein go include this process, qualitative and quantitative
spreadsheet analysis, provider network analysis, pooling point and administrative costs, including your
written recommendation. Confirm that your firm will obtain at least two quotations for the product when
requested to be marketed.
CBIZ agrees to these terms.
6. Broker/Consultant shall utilize only those insurance carriers that have an A.M. Best rating not lower
than (A)
–
Excellent and a financial category of VII or higher. Any exception to this requirement must have
prior written approval of the Superintendent or their designee. A summary of the financial information on
each insurer utilized or being proposed for the District’s consideration is to be provided the District
annually.
CBIZ agrees to these terms.
7. In your opinion, recognizing that you may not have full knowledge of the account, how often do you
recommend marketing their group benefit products and how can the District be sure they have gotten the
most competitive product?
In general, CBIZ recommends the solicitation of competitive proposals for group benefit products every three to five
years, or as directed by the District.
Specifically on the medical coverage, we analyze proposals as to 5 important criteria, as follows:
Price
Benefit Structure
Providers (crossover and desired providers)
Wellness Initiatives and support
Overall administrative capabilities