HomeMy WebLinkAboutMilliman GroupIsland °rou~
631 3~4 7021
ISLAND GROUP ADMINISTRATION, INC.
5LAND GROUP AD~tlNISTRATION, NC
FACSIMILE TRANSMITTAL SHEET
All Island Group Clients Alan D. Kaplan
10/25/05
2
YOUR tlZFERENCE NUMBER:
[] U~_R_~OENT [] FOR REVIEW [] PLEASE COMMENT I~ PLEASE REPLY [] PLEASE RECYCLE
As you are aware, we have been working with the Medicare administration to complete
the necessary documentation and provide the required information to them so that your
group can be accepted for the 28% subsidy associated with the Medicare Part D benefit to
become effective 1/1/06.
The last piece of the puzzle in the application process is the actuarial attestation which is
being perfbrmed by The Milliman Group. Milliman Group was hired by Pharmacare. We
elected to utilize Milliman as they were most 5alniliar with the Pharmacare program.
Although I have authorized Milliman to act on your behalf, the Senior Actuary, Bill
Pollack, has asked that each of our clients seeking the subsidy agree to sign the attached
oue page agreement.
We would appreciate it if you would sign this tbrm immediately so we can forward all
the required documentation to thc Medicare administration. The cut off dale fiw
application submission including the actuarial attestation is 10/31/05. Therefore, it is'
essential that you sign the attached and return to our of/ice itnmediatel£. If you have
any questions, please do not hesitate to contact our office.
p.1
3 TOILSOME LANE
EAST HAMPTON NEW YORK 11937
Oct 24. O~ lO:OSa Island Group 631 324 7021
SERVICES AGREEMENT
This Agreement is entered into between Milliman, Inc (Milliman) and Town of Southold (Client)
as of October 24, 2005. [n consideration for Milliman agreeing to perform certain services, Client
agrees as follows.
BILLING TERMS. The parties acknowledge that PharmaCare Management Services,
Inc. (PharmaCare) [s obligated to pay Milliman for services provided to Client under this
Agreement under a separate agreement between PharmaCare and Milliman,
LIMITATION OF LIABILITY. The parties agree that Milliman, its officers, directors,
agents and employees, shall not be liable to Client, under any theory of law including
negligence, tort, breach of contract or otherwtse, foran y damages in excess of $10,000
In no event shall Milliman be liable for lost profits of Client or any other type of incidental
or consequential damages.
DISPUTES. In the event of any dispute arising out of or relating to the engagement of
Milliman by Client, the parties agree that the dispute will be resolved by final and binding
arbitration under' the Commercial Arbitration Rules of the American Arbitration
Association The arbitration shall take place before a panel of three arbitrators. Within
30 days of the commencement of the arbitration, each party shall designate in writing a
single neutral and independent arbitrator. The two arbitrators designated by the parties
shall then select a third arbitrator The arbitrators shall have a background in either
insurance, actuarial science or law. The arbitrators shall have the authority to permit
limited discovery, including depositions, prior to the arbitration headng, and such
discovery shall be conducted consistent with the Federal Rules of Civil Procedure. The
arbitrators shall have no power or authority to award punitive or exemplary damages.
The arbitrators may, in their discretion, award the cost of the arbitration, including
reasonable attorney fees, to the prevailing party. Any award made may be confirmed in
any court having jurisdiction. Any arbitration shall be confidential, and except as required
by law, neither party may disclose the content or results of any arbitration hereunder
without the prior written consentof the other parties, except that disclosure is permitted lo
a party's auditors and legal advisers,
4,,
CHOICE OF LAW. The construction, interpretation, and enforcement of this Agreement
shall be governed by the substantive contract law of the State of New York without regard
to its conflict of laws provisions. In the event any provision of this agreement is
unenforceable as a matter of law, the remair~ing provisions will stay in full force and
effect.
NO THIRD PARTY DISTRIBUTION. Milriman's work is prepared solely for the internal
business use of Client. Milliman's work mayno t be provided to third parties without
Milliman's prior written consent, Milliman does not intend to benefit any third party
recipient of its work product, even if Milliman consents to the release of its work product
to such third party.
MILLIMAN, INC.
By:
Name: V~lliam M. Pollock
Title: Consuttinq Actuary
Date: October 24, 2005
'~O~/,N OF SOUTHOLD
Date: ecl:chat' 26, 2005