title
PROPOSED CONTRACT
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 enter into and execute
Good(s) or Service(s): Employer Sponsored Health Insurance Benefits
Contract Value: $884,195,500.00
Contract period: 12/1/2015 - 11/30/2018, with (2) two (1) one year options for renewal.
Potential Fiscal Year Budget Impact: FY 2016 $294,731,833.33 FY 2017 $294,731,833.33, FY 2018 $294,731,833.34
Accounts: 490-176 (899-176, 499-176)
Contract Number(s): 1518-14008
Concurrences:
The vendor has met the Minority and Women Owned Business Enterprise Ordinance.
The Chief Procurement Officer concurs.
Summary: The Department of Risk Management respectfully submits this item requesting authorization for the Chief Procurement Officer to award a contract to Blue Cross Blue Shield of Illinois (BCBSIL). Request for Proposals (RFP) procedures were followed in accordance with the Cook County Procurement Code. BCBSIL was recommended based on established evaluation criteria to provide employer sponsored health insurance benefits for Cook County Employees.
Cook County offers both HMO and PPO health plan options for all eligible employees. The premium and/or premium equivalent rates for each health plan offered to County employees are subject to annual review and negotiation based on enrollment and utilization. The Director of Risk Management is authorized to execute Benefit Program Applications to support the selected HMO and PPO plans. Employees contribute to the cost of the plan through payroll deductions with the balance of the cost covered through annual appropriations.
BCBSIL offers a wide provider network with no disruption by definition as the incumbent, as well as substantial provider discounts and excellent member and client service.
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