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Subject: Communication sponsored by Alder Land, requesting approval of Benefits Broker and Consulting Services and the permission to enter into an employee health insurance coverage Broker Services Agreement and a Managed Pharmacy Services Agreement with Brown & Brown Insurance Services, Inc.
Staff Recommendation: That the request to enter into a an employee health insurance coverage Broker Services Agreement and a Managed Pharmacy Services Agreement with Brown & Brown Insurance Services, Inc., as presented be approved. Further, that the Mayor and City Clerk be authorized and directed to execute such professional services agreements with Brown & Brown Insurance Services, Inc.
Fiscal Note: The employee health insurance coverage Broker Services Agreement is a three-year agreement, with the fee for 2026 being $130,000, increasing $5,000 each year for 2027, and 2028. The Managed Pharmacy Services Agreement is a one year renewable agreement, with the fee for 2026 being $34,500. The 2026 fees were included in the 2026 budget, and will be included in future years’ budgets, under Insurance Professional Services Account 70312 52100.