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HomeMy WebLinkAboutVSP - CONTRACT - RFP - P682 (3)June 16, 2000 Jerry Rueschhoff William M Mercer, Inc. 370 17`s Street, Suite 4000 Denver, CO. 80202 Dear Jerry: As The City of Fort Collins is a valued customer of Vision Service Plan (VSP), we hope the group has enjoyed a positive outcome with all aspects of our services. We are pleased to offer the group another period of quality coverage. The renewal will be in effect from January 1, 2001 for a 24 month term. VSP reviewed the group's program and developed rates based on the experience of the vision care program. These rates are outlined in the enclosed renewal exhibit. VSP considers many factors when determining rates, including, claim cost, utilization, claim frequency, and trend. Currently VSP is moving to a standard allowance for all our existing groups. Please review the rate report, which provides renewal rates with standard benefits and rates with current plan design. As you will see, we are comfortable with leaving our fees the same for an additional 24 months and project about 8% trend in claim costs. We offer the claim projection for budgeting for the City. As requested by the group, we have also provided voluntary composite risk rate for review. Please review the renewal information with the group, and let me know if you have any questions. I am available to meet with you to further discuss the enclosed material or provide additional information if necessary. To renew the contract with Vision Service Plan, please have the appropriate representative sign the bottom portion of this letter and return it to VSP. We appreciate your business and value our relationship with The City of Fort Collins Cordially, / �O r� Tom Swartzbaugh, CEBS Senior Account Executive RENEWAL NOTICE Please sign and return this letter or fax to (303)-892-7768 to acknowledge acceptance of the renewal. VSP produces the Plan document upon receipt of the confirmation of renewal. City of Fort Collins Self Funded Renewal Rate $2.00 Renewal Option I Rate $2.00 Risk Option II Composite Rate $16.8 PlanAccepting L ­fR-4£r% C--l'u Group Number 12063997 Renewal Date —January 1, 2001 Group Representative Signature cc: Cheleyne Parsons, Account Service Administrator, Vincent Pascale, City of Ft. Collins Vision Service Plan is an Equal Opportunity and Affirmative Action Employer VISION SERVICE FLAN I050 17Te STREET, SUITE 1885, DENVER, CO 80265 TEL: 303.892.7663 800.225.3665 FAX: 303.892.7768 ze VISIT OUR WEB SITE AT WWW.VSP.COM