ITEM TITLE:
Title
Consider approving a contract with Nationwide for group voluntary pet insurance coverage to eligible City of Lawton employees effective July 1, 2023 and authorize the Mayor and City Clerk to execute the contract.
body
INITIATOR: Craig Akard, Human Resources Director
STAFF INFORMATION SOURCE: Craig Akard, Human Resources Director
BACKGROUND: The City of Lawton would like to provide voluntary pet insurance coverage. Higginbotham our broker, received a proposal from Nationwide. Nationwide's pet insurance is a reimbursement indemnity plan that reimburses members for a portion of eligible veterinary expenses related to accidents injuries and illnesses. Nationwide offers a wide variety of coverage plans. Open enrollment is set to begin on May 15, 2023, with informational classes.
EXHIBIT: Nationwide Pet Insurance Proposal
KEY ISSUES: Does the City of Lawton wish to enter into a contract with Nationwide for Pet Insurance Coverage
FUNDING SOURCE: Click or tap here to enter text.
STAFF RECOMMENDED COUNCIL ACTION: Approve the contract with Nationwide for Pet Insurance Coverage for eligible City of Lawton employees effective July 1, 2023, and authorize the Mayor and City Clerk to execute the contract.