25-1421

Discussion and action on the award of Solicitation 2025-0510R Stop Loss to Aetna Life Insurance Company for a one (1) year term and an estimated award of $5,987,728.00. Contract Variance: The difference based in comparison to the previous contract is as follows: An increase of $254,574.00 for the initial term, which represents an increase of 4.44% as a result of a higher number of employees. 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: $5,987,728.00 Initial Term Estimated Award: $5,987,728.00 Option Term Estimated Award: NA Total Estimated Award: $5,987,728.00 Account(s): 209-3500-521370-14045-P1414 Funding Source(s): Self-Insurance Fund District(s): All This was a Request for Proposals Procurement - service contract. The Purchasing & Strategic Sourcing and Human Resources Departments 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 18, 2025

What this record is

Held by: Aetna Life Insurance Company 14 records across this site
Amount: $255K
Runs until: November 18, 2026 79 days — goes back out to bid calculated from the contract term stated in the record
Type: rfp

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