THE CITY OF NASHUA “The Gate City’
Financial Services
Purchasing Department
June 8, 2016
Memo #16-158
TO: MAYOR DONCHESS
FINANCE COMMITTEE
SUBJECT: TO APPROVE CONTRACT AWARD FOR HEALTHCARE STOP LOSS INSURANCE
(VALUE: $750,692)
DEPARTMENT: HUMAN RESOURCES; FUND: BENEFITS SELF INSURANCE FUND
Please see attached communication from Thomas DeLacey, Principal Consultant, Workplace Benefits
Solutions (WBS) dated June 6, 2016 for information related to this contract award.
Bay way of background, the WBS solicited several firms to bid on the Step Loss insurance with deductible
levels of $250,000 and $350,000. WBS has recommended that the City renew Stop Loss insurance with
HCC at the higher $350,000 deductible level. HCC was selected for several reasons. 1) the City does
not have to fill out additional disclosure forms relative to any claims we may know about (i.e., a $600,000
claim just materialized). 2) as HCC is the incumbent, there is no risk of any items falling through the
cracks during a transition period. 3) we have worked with HCC in the past and have a higher comfort
level with their ability to integrate data with both Anthem and Harvard.
The Human Resources Director, Chief Financial Officer and the Purchasing Department recommend
awarding this contract to HCC in an amount of $750,692.
Respectfully,
Dan Kooken
Purchasing Manager
Ce: L Budreau J Griffin
jaz9 Main Street | Nashua, New Hampshire 03061 » Phone (603) 589-3330 » Fax (603) 589-3344
