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Agenda Item #19
Execution of Amendment No. 5 to Prescription Drug Benefit Administration Agreement
Contact and/or Presenter Information
Contact: Stacia Branco, Senior Procurement Agent, Financial Management Department, Procurement Division, Ext. 3041
Presenter: Leslie Strickland, Benefits Manager, Human Resources Department, Ext. 6432
Authorize the Procurement Official, or designee, to execute Amendment No. 5 for Prescription Drug Benefit Administration Agreement with OptumRx, Inc., to increase the Agreement aggregate total not-to-exceed amount in the amount of $355,000.00 for a revised aggregate Agreement total not-to-exceed amount of $1,000,000.00.
Manatee County Code of Laws
On January 1, 2017, the County entered into a two-year Prescription Drug Benefit Administration Agreement with OptumRx, Inc., to provide administrative, management, consultative, clams processing and other general pharmacy benefit management support services in conjunction with administration and operation of the County’s benefit plan offered to employees and their families by the County’s Employee Health Benefits Division. The estimated Agreement total was within the Procurement Officials approval authority to execute.
On December 28, 2018, the parties entered into Amendment No. 1 that revised the term of the Agreement to incorporate a four-year renewal option and incorporate Section 3.9, Market Check, into the Agreement.
On August 13, 2019, the parties entered into Amendment No. 2 which incorporated an enhanced savings program addendum in the Agreement.
On October 22, 2019, the parties entered into Amendment No. 3 which established an aggregate Agreement not-to-exceed total of $645,000.00 and amended the Agreement terms and conditions.
On November 1, 2019, the parties entered into Amendment No. 4 to remove Exhibit F, Enhanced Savings Program.
Amendment No. 5 increases the Agreement aggregate total not-to-exceed amount in the amount of $355,000.00 for a revised aggregate Agreement total not-to-exceed amount of $1,000,000.00.
County Attorney Review
Not Reviewed (No apparent legal issues)
Explanation of Other
Instructions to Board Records
Original to Board Records.
Human Resources Department: Lesli Strickland (email@example.com)
Cost and Funds Source Account Number and Name
$1,000,000.00 – 5060004100 – Human Resources Health Self Insurance EHB Administration
Amount and Frequency of Recurring Costs
Attachment: Amendment # 5, OptumRx, Prescription Drug Benefit Admin.pdf