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PROPOSED CONTRACT AMENDMENT
Department(s): Risk Management
Vendor: Health Care Service Corporation DBA Blue Cross and Blue Shield of Illinois, Chicago, Illinois
Request: Authorization for the Chief Procurement Officer to increase by $237,866,015.00 and extend contract for one (1) year
Good(s) or Service(s): Health insurance benefits
Contract Period: 12/1/2011 - 11/30/2013
Contract Period Extension: 12/1/ 2013 - 11/30/2014
Current Contract Amount Authority: $262,000,000.00
Board Approved: 1/18/2012, $262,000,000.00
Board Increase(s): N/A
Chief Procurement Officer Increase(s): N/A
This Increase Requested: $237,866,015.00 $461,519,995.92 (The estimated fiscal impact is based on current enrollment and plan design)
Potential Fiscal Impact: FY 2014 $237,866,015.00 $461,519,995.92 (The estimated fiscal impact is based on current enrollment and plan design). Approval of this item would commit Fiscal Year 2014 funds.
Accounts: 542-176
Contract Number(s): 11-87-011A
Concurrences:
The vendor has met the Minority and Women Owned Business Enterprise Ordinance.
The Chief Procurement Officer concurs.
Summary: Health Care Service Corporation (Blue Cross Blue Shield of Illinois) provides health care benefits (PPO and HMO) to eligible employees and their dependents. This contract was originally awarded as a result of a Request for Proposals. It is a two (2) year contract with two (2) one (1) year renewal options; this amendment represents the first option for renewal. The expiration date of the current contract is 11/30/2013.
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