10172BR Stop Loss Insurance Coverage

The Newark Board of Education is seeking a qualified insurance provider (or broker) to deliver one‑year commercial stop‑loss insurance covering its self‑funded employee health plans, effective July 1 2026. The awardee will supply coverage at specified deductible levels, provide data‑exchange capabilities, and meet extensive reporting, compliance, and audit requirements. • Provide individual stop‑loss coverage with a $500 k deductible (options for $600 k and $750 k) for the 2026‑27 plan year. • Deliver 12‑month rate guarantee, broker commission cap of 15 % (max $700 k), and mandatory monthly enrollment/claims reporting via EDI (ANSI 834). • Must furnish required certifications (HIPAA, FERPA, Workers’ Comp, Commercial General Liability ≥ $1 M, Commercial Auto ≥ $1 M) and support integration with Aetna’s existing reporting infrastructure.