Voluntary Group Vision Insurance Plan Briefing
The Human Resources Department of the City of Houston presented a comprehensive Voluntary Group Vision Insurance Plan to provide vision services to employees, retirees, and their dependents. The plan, fully funded by employee contributions, offers coverage for eye examinations, appliances, and various services effective from May 1, 2018. The procurement process involved evaluation criteria such as financial competitiveness, network provider accessibility, and M/WBE participation. Vision care benefits promote employee well-being and early detection of eye disorders and systemic diseases, ensuring substantial savings and enhancing overall health. The recommendation is to approve the employee-funded vision insurance plan.
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Presentation Transcript
Voluntary Group Vision Insurance Plan Briefing by Human Resources Department CITY OF HOUSTON BUDGET AND FISCAL AFFAIRS COMMITTEE MARCH 6, 2018
OVERVIEW 2 The Group Vision Insurance Plan will provide vision services to active full-time and part-time 30 employees, retirees, elected officials and their dependents, not only locally, but nationally as well. The plan will be fully funded by the eligible members who elect to participate in the plan, i.e., only employees contributions will fund the program. The proposed vision program will provide comprehensive eye examinations, a generous allowance for appliances, and 100% coverage of many services. The plan will be effective for coverage May 1, 2018.
PROCUREMENT PROCESS 3 RFPs were released August 11, 2017. Responses were due September 14, 2017. Six (6) vendors proposed plans for the Group Vision Insurance Plan to provide vision benefits, claims processing, and other related administrative services. The six vendors who proposed were: EyeMed Davis Vision Dearborn MetLife National Vision Superior Vision
PROCUREMENT PROCESS CONTD 4 Criteria for evaluation of proposals: The ability of the vendor to perform the Scope of Services requested in the RFP Financial competitiveness and guarantees against rate escalation over a multi-year contract Accessibility of network providers to employees The ability of the vendor to provide the best value for the dollars that employees will expend Ability to meet the required 11% proposed M/WBE Participation aligned with the project scope References
VISION INSURANCE PLAN BENEFITS 5 Vision care is a value-added benefit, and is important for the well-being and overall health of city employees. This is a stand-alone voluntary benefit for employees that is affordable and gives them access to full-service vision benefits. Employees will also experience a substantial savings on frames, specialty lenses, contact lenses, and a generous Lasik allowance. Early detection and treatment of eye disorders and systemic diseases such as diabetes and hypertension, can protect your eyes against serious vision loss and prevent potential increases to medical expenditures and lost productivity costs to the city and to the employee.
RECOMMENDATION 6 Approve: The recommended Voluntary Group Vision Insurance Plan, which is fully-funded by employee contributions.