Title
Dept/ Agency: Administration/Division of Personnel
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Extraordinary Unspecifiable Services (EUS)
Purpose: Contract for Health Insurance Benefits to provide a Health Plan
Entity Name: Insurance Design Administrators (IDA)
Entity Address: 111 Bauer Drive, Oakland, New Jersey 07436
Contract Amount: Estimated Annual Costs of $56,465,795.75
Funding Source: NW011-200-2002-A-60210-B2025
Contract Period: July 1, 2025 through June 30, 2028
Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. (X) Insurance
( ) Fair & Open (X) No Reportable Contributions ( ) RFP ( ) RFQ
( ) Private Sale ( ) Grant ( ) Sub-recipient ( ) N/A
Additional Information:
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WHEREAS, the City of Newark (the "City") desires to enter into a contract to provide its eligible employees, eligible retirees, and their eligible dependents represented by the various bargaining units with which the City negotiates and eligible unclassified personnel with an option for a more affordable managed care health plan; and
WHEREAS, the City through its brokers solicited proposals in the private market for a more affordable option for managed health care plans and stop loss coverage; and
WHEREAS, Insurance Design Administrators ("IDA") has submitted a Proposal indicating they will provide a more affordable managed care health plan, with in and out of network benefits; and
WHEREAS, the services solicited are considered Extraordinary Unspecifiable Services, which are specialized and qualitative in nature requiring expertise, extensive training, and proven reputation in the field and are exempt from the requirements of public bidding pursuant to the Local Public Contracts Law, N.J.S.A. 40A:11-5(1)(a)(ii); and
WHEREAS, the Director of Personnel, has determined and certified in writing that the value of this contract will exceed $ 44,000.00; and
WHEREA...
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