Title
Dept/ Agency: Administration/Division of Personnel
Action: ( X ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Contract for Insurance related Consultant Services
Purpose: O.C.A. has been identified as the Third-Party Administrator of the Consolidated Omnibus Budget Reconciliation Act of 1983 (COBRA ) and Flexible Spending Account Services for all Eligible Subscribers and their Eligible Dependents .
Entity Name: O.C.A. Benefit Services, LLC
Entity Address: 3705 Quakerbridge Rd., Suite 216, Mercerville, NJ 08619
Contract Amount: $20,576.00
Funding Source: City Budget Lines
Contract Period: January 1, 2012 through December 31, 2012
Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. (X ) Insurance Consultant Services/EUS
( ) Fair & Open ( X ) No Reportable Contributions ( ) RFP ( ) RFQ
( ) Private Sale ( ) Grant ( ) Sub-recipient ( ) n/a
Additional Information:
Invitation: Director of Personnel, July 31, 2012
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WHEREAS, pursuant to 26 CFR 54.4980B-8 of the Consolidated Omnibus Budget Reconciliation Act of 1983 (COBRA), the City of Newark (City) is allowed to establish monthly premiums for its continuation of healthcare coverage as required by COBRA for participating former employees and their eligible dependents; and
WHEREAS, pursuant to NJPL 2011 Chapter 78, adopted on June 28, 2011, the City of Newark is required to implement a Cafeteria Plan or Section 125 Flexible Spending Account (FSA) program that allows employees to voluntarily set aside a portion of their earnings to pay for qualified medical expenses on a pretax basis; and
WHEREAS, pursuant to the proposals submitted for review, the City accepts the recommendation of its group insurance broker, Brown & Brown Metro to designate O.C.A Benefit Services, LLC, (O.C.A.), as the City’s third party administrator for the COBRA and FSA plans; and
WHEREAS, O.C.A. will provide such services to t...
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