SUBJECT:
Title
Request Approval of Broker Renewal with Combined Insurance Services, Inc. (Budget Impact - Neutral; as proposed in the FY 2024-25 budget)
Body
INITIATOR: DEPARTMENT:
Sara Caron, Director Human Resources
DESCRIPTION/BACKGROUND:
Combined Insurance Services, Inc. (CIS) is a broker that assists in agent of record/insurance consulting services for Health, Vision, Dental, Life, Long Term Disability, Employee Clinic, and IRS Section 125 Flexible Compensation plans for our constitutional offices.
The renewal outlines the various services provided by the Broker and the expectations of Marion County. Compensation is included in the proposed renewal cost. There are no additional fees or cost to Marion County.
BUDGET/IMPACT:
Neutral; as proposed in the FY 2024-25 budget. The Broker compensation is included in the upcoming fiscal year’s budgeted costs and is not billed separately to the county.
RECOMMENDED ACTION:
Recommended action
Motion to approve broker contract renewal with Combined Insurance Services, Inc. effective October 1, 2024.
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