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PROPOSED CONTRACT
Department(s): Department of 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 enter into and execute
Good(s) or Service(s): Employer Sponsored Health Insurance Benefits
Contract Value: $943,553,076.00
Contract period: 12/1/2020 - 11/30/2023, with two (2), one (1) year renewal options
Potential Fiscal Year Budget Impact: FY 2021 $300,878,271.00, FY 2022 $314,214,824.00, FY2023 $328,459,981.00
Accounts: 11250.1021.501620
Contract Number(s): 1953-17913
Concurrences:
The vendor has met the Minority- and Women-owned Business Enterprise Ordinance via direct participation and partial MWBE waiver.
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). Cook County selected BCBSIL following a joint procurement effort with the City of Chicago, Chicago Park District, County Pension, and City Colleges of Chicago. 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 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 plan's cost through payroll deductions, with the balance of the cost covered through annual appropriations.
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