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<br />The <br />Welch <br />Company <br /> <br />March 4, 2005 <br /> <br />To: Sherri Davis-Sampson <br /> <br />Two Memorial City Plaza <br />820 Gessner, Suite 1470 <br />Houston, Texas n024 <br />T: 713.827.8755 <br />F: 713.461.5788 <br />www.thewelchco.com <br /> <br />From: <br /> <br />Neal W. Welch <br /> <br />Angela M. Weston <br /> <br />Subject: <br /> <br />Stop-Loss Renewal and RFP #05501 <br /> <br />On January 20,2005, twelve (12) Request for Proposal's (RFP) for Stop-Loss Insurance <br />Coverage where sent out, the City received three (3) proposals back. I have included the <br />attached spreadsheet with the results. <br /> <br />The spreadsheet outlines the proposals for this year, as well as the current policy. At this <br />point it would be premature to make a recommendation, we will still need to go back for a <br />best and final offer (SAFO). The following are a few notes about the proposals and the <br />market. <br /> <br />The Proposals <br />· Excellent renewal from incumbent vendor. <br />· Next closest competitor was also very competitive with their quote. <br />· Proposal from incumbent Health provider was not as competitive as we had hoped. <br /> <br />The Market <br />· Market-wide increase of approximately 18-25% are normal to keep up with medical <br />inflation trend of 15% <br />· Competition - fewer stop-loss insurance companies but greater concentration of risk <br />capital. <br /> <br />We will continue to work with the three contenders for the best opportunity for the City. <br /> <br />Attachment <br /> <br />Employee Benefits Consulting <br />