The URL can be used to link to this page

Home My WebLink About16836 1 RESOLUTION NO. 16,836 2 3 A RESOLUTION TO AUTHORIZE THE CITY MANAGER TO ENTER 4 INTO A CONTRACT WITH TOKIO MARINE HCC FOR SELF-FUNDED 5 MEDICAL PLAN REINSURANCE CONTRACT FOR THE CITY'S 2026 6 PARTIALLY SELF-FUNDED EMPLOYEE GROUP HEALTH PLAN;AND 7 FOR OTHER PURPOSES. 8 WHEREAS, the City of Little Rock ("City") offers group health insurance for City employees and 9 their dependents;and, 10 WHEREAS, due to rising insurance costs and the desire to improve employee health, the Human 11 Resources Benefits Division and the City's Employee Benefits Consultant, JTS Financial Services, LLC 12 ("JTS")began to explore alternative funding options with the goal of becoming partially self-funded;and, 13 WHEREAS, the Board of Directors of the City, decided in 2017 that JTS would have the ability to 14 conduct any competitive selection process for the City's insurance needs by adopting Little Rock, Ark., 15 Ordinance No.21,442(July 5,2017); and, 16 WHEREAS,on May 20,2025, JTS presented to the Board of Directors a partially self-funded group 17 medical plan overview for the 2026 plan year;and, 18 WHEREAS, in August 2025, JTS issued a request for proposal for a self-funded medical plan 19 reinsurance contract for the City's 2026 partially self-funded employee group health plan;and, 20 WHEREAS,Tokio Marine HCC was selected as the most qualified respondent to provide a self-funded 21 medical plan reinsurance contract for the City's 2026 partially self-funded employee group health plan for 22 an amount not to exceed One Million Three Hundred Thousand Dollars($1,300,000.00); and, 23 WHEREAS, the contract term is for one year(2026), with an option to extend six(6)additional one 24 (1)year terms. 25 NOW,THEREFORE,BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY 26 OF LITTLE ROCK,ARKANSAS: 27 Section 1. The City Manager is authorized to enter into an agreement with Tokio Marine HCC for the 28 initial period of January 1,2026 to December 31,2026,with an option to extend six(6)additional one(1) 29 year terms, in an amount not to exceed One Million Three Hundred Thousand Dollars($1,300,000.00)to 30 provide a self-funded medical plan reinsurance contract for the city's 2026 partially self-funded employee 31 group health plan. 32 Section 2. Funds for the for a self-funded medical plan reinsurance contract for the City's 2026 partially 33 self-funded employee group health plan shall be available from a line item for Group Health Care Insurance [Page 1 of 2 1 in the 2026 Budget. 2 Section 3. Severability. In the event any title, section, paragraph, item, sentence, clause, phrase, or 3 word of this resolution is declared or adjudged to be invalid or unconstitutional, such declaration or 4 adjudication shall not affect the remaining portions of the resolution which shall remain in full force and 5 effect as if the portion so declared or adjudged invalid or unconstitutional were not originally a part of the 6 ordinance. 7 Section 4.Repealer. All laws, ordinances, resolutions,or parts of the same that are inconsistent with 8 the provisions of this resolution are hereby repealed to the extent of such inconsistency. 9 ADOPTED: October 6,2025 10 ATTEST: APPROVED: 11 12ASIA 21 "Li 13 Allison Segars,Ci rk Frank Scott,Jr.,Mayor 14 APPROVED AS TO LEGAL FORM: 15 16 17 Thomas M. Carpenter,City Attj rney 18 // 19 // 20 // 21 // 22 // 23 // 24 // 25 // 26 // 27 // 28 // 29 // 30 // 31 // 32 // 33 // 34 // 35 // [Page 2 of 2