title
PROPOSED CONTRACT AMENDMENT
Department(s): Risk Management
Vendor: Blue Cross and Blue Shield of Illinois, A Division of Health Care Service Corporation, a Mutual Legal Reserve Company, Chicago, Illinois
Request: Authorization for the Chief Procurement Officer to renew and increase contract
Good(s) or Service(s): Employer Sponsored Medical Benefits
Original Contract Period: 12/1/2023 - 11/30/2026, with two (2), two (2) year renewal options
Proposed Amendment Type: Renewal and Increase
Proposed Contract Period: Renewal 12/1/2026 - 11/30/2028
Total Current Contract Amount Authority: $982,888,049.00
Original Approval (Board or Procurement): Board , 10/19/2023, $982,888,049.00
Increase Requested: $635,000,000.00
Previous Board Increase(s): N/A
Previous Chief Procurement Officer Increase(s): N/A
Previous Board Renewals: N/A
Previous Chief Procurement Officer Renewals: N/A
Previous Board Extension(s): N/A
Previous Chief Procurement Officer Extension(s): N/A
Contract Utilization: The vendor has met the Minority- and Women-owned Business Enterprise Ordinance via: Direct participation.
Potential Fiscal Impact: FY 2027 $317,500,000.00, FY 2028 $317,500,000.00
Accounts: 11250.1021.10155.501610.00000.00000
Contract Number(s): 2205-08290A
SummaryThis increase and first of two (2), two (2) year renewal options will allow the Department of Risk Management to continue to receive Employer Sponsored Medical Benefits.
Cook County offers HMO and PPO health plan options. Premium and premium equivalent rates are reviewed annually based on enrollment and utilization. The Director of Risk Management remains authorized to execute the annual documents required to administer these plans, including Benefit Program Applications, Stop Loss Agreements, and HIPAA Plan Sponsor Authorizations to support HMO and PPO plans. Employee contributions are collected through payroll deductions, with the remaining co...
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