24-1645

The linkage to the Strategic Plan is subsection: 6.2 - Implement employee benefits and services that promote financial security. Award Summary: Discussion and action on the award of Solicitation 2024-0648R Stop Loss Insurance to Aetna Life Insurance Company for a one (1) year term and an estimated award of $5,733,154.00. This contract will provide services necessary to assist the City in developing a comprehensive review and plan for stop loss insurance which is self-funded and open to all full-time active employees of the City of El Paso. Contract Variance: Not applicable, new contract. Department: Human Resources Award to: Aetna Life Insurance Company City & State: Hartford, CT Item(s): All Initial Term: 1 Year Option Term: NA Total Contract Time:1 Year Annual Estimated Award: $5,733,154.00 Initial Term Estimated Award: $5,733,154.00 Option Term Estimated Award: NA Total Estimated Award: $5,733,154.00 Account(s): 209-3500-521370-14045-P1414 Funding Source(s): Self-Insurance Fund District(s): All This was a Request for Proposal, service contract. The Purchasing & Strategic Sourcing Department and the Human Resources Department recommend award as indicated to Aetna Life Insurance Company, the highest ranked offeror based on the evaluation factors established in the evaluation criteria for this procurement. It is requested that the City Manager be authorized to establish the funding sources and make any necessary budget transfers and execute any and all documents necessary for execution of this award.

Other Bids, Contracts, Procurements Agenda Ready Introduced November 19, 2024

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Held by: Aetna Life Insurance Company 14 records across this site
Runs until: November 19, 2025 already ended calculated from the contract term stated in the record
Type: rfp

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