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April 12, 2022 School Board Meeting
Title
Cigna ASO Amendment for Brevard Public Schools Revised
Meeting Date(s)
Information - 04/12/2022
Consent Type
Discussion

The total savings from the ASO/Pharmacy Contract review was $1.4M, composed as follows:

  1. Pharmacy Savings estimated at $416k with discounts and lower dispensing fees
  2. ASO Savings estimated at approximately $300k with lower ASO fees and final premium holiday
  3. Added Value of Wellness – Onsite Wellness Coordinator and comprehensive wellness incentive tracking program – an estimated combined value of $285k annually. Communication funding was to be decreased to $25k, Lockton negotiated a $50k annual allowance with a one-time rollover of $25k in 2022.
  4. Stop Loss Marketing guaranteed better terms with no new lasers. Increasing the ISL to $500k resulted in a total savings of $354,886 over the renewal.
Recommendation
Authority for Action
FS1001.42
Involves Expenditure of Funds Directly in the Classroom
No
Source of Funding

Agenda Item will not Require the Expenditure of Funds
Financial Impact
FY Amount Budgeted Fund Cost Center Project Function Object Program
                 
Legal Counsel Review
Yes - Review Date: 03/25/2022
Contact
Antonia Scipio - Director of Employee Benefits and Risk Management 11620
Attachments
2022 ASO PBM Stop Loss Renewal Summary.pdf
Agenda Plus