Neosho City Council Regular Session Agenda May 2026
Staff Backs Insurance Benefits Consultants for Broker Renewal
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Description
Neosho staff recommended renewing Insurance Benefits Consultants as the city’s health insurance broker for a new three-year term starting in FY2027, following competitive bids. The firm’s compensation would include $14 per employee per month for Anthem health coverage and specified commission rates on ancillary products.
Contract Details
Contract Amount
Anthem Health - $14 per employee per month; 10% ancillary for Allstate, Delta, MASA; 15% for Mutual of Omaha
Vendor
INSURANCE BENEFITS CONSULTANTS
Agency
City of Neosho, MO
Contract Type
INSURANCE
Document Date
May 5, 2026
Contract Term
Existing 3-year broker contract through September 30, 2026; proposed new 3-year term beginning FY2027
Renewal Date
2026-09-30
Renewal Info
Existing 3-year broker contract runs through September 30, 2026; staff proposes renewal for an additional 3-year term beginning FY2027 with defined per-employee and ancillary commission rates.
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