Insurance Broker

The purpose of this Request for Proposals (RFP) is to solicit offers from qualified insurance professionals to provide consulting services to the City of Rocky Mount in support of the City of Rocky Mount health benefits programs. Such services will include, but not be limited to: (1) reviewing and advising on appropriate insurance coverage; (2) marketing and placement of insurance, including issuance of requests for proposals, as required; (3) reviewing vendor contracts and evidence of coverage; (4) coordinating with other City of Rocky Mount benefits service providers; (5) participating in management benefits committee meetings; (6) acting as a liaison and an advocate for the City of Rocky Mount with insurance companies (7) developing and producing communication materials including annual online and manual enrollments, (8) Performing actuarial services, to include but not limited to, annual cost projections, cost projections for plan modifications, determination of budget requirements. The benefit programs currently include group medical, dental, vision, life insurance (including basic and voluntary coverage), defined benefit retirement plan (NCLGERS), and other optional benefits with no employer contributions. Currently, the medical insurance is administered by Aetna Inc., and it is a self-insured POS plan, the other insurances are placed by a third-party consultant to the City of Rocky Mount.