Title
Resolution to Approve the Member Services Agreement into the Keenan Pharmacy Purchasing Coalition ($60,000.00 for 2014 and $60,000.00 for 2015)
Memorandum
The attached Resolution authorizes the City Administrator to execute the amendment agreement for membership into the Keenan Pharmacy Purchasing Coalition through the City's current Pharmacy Benefit Manager, Express Scripts, Incorporated.
The above referenced cost projections are in accordance with the approved Fiscal Year 2014 - 2015 budget.
This contract continues services now in effect. Employees and retirees, through collective bargaining agreements or in accordance with the City's employee benefit plans, have the availability of using the Express Scripts Network for their pharmacy service needs. The Coalition represents employer groups by negotiating discounts for pharmacy products for City Employees and Retirees and their dependents. The plan is administered by Express Scripts.
New fees and premium effective 1/1/14 through 12/31/15:
$1.10 per member per month (All inclusive fee)
The overall costs for the program will fluctuate monthly depending both on the number of employees and retirees enrolled in the program during any given month, and the amount of incurred claims actually paid during any given month.
Keenan & Associates received Human Rights approval on May 29, 2014.
Staff
Prepared by: Kelly Beck, Employee Benefits Supervisor
Reviewed by: Robyn Wilkerson, HR and Labor Relations Director
Approved by: Steven D. Powers, City Administrator
Body
Whereas, The City provides Pharmacy coverage to City employees, their eligible dependents, and retirees and their eligible dependents, in accordance with the employee benefits program and various labor contracts at an estimated annual cost of approximately $5,630,648;
Whereas, Human Resources Services recommends entering into this contract;
Whereas, Funds have been appropriated in the Fiscal Year 2014 - 2015 budget to cover projected c...
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