CITY OF EL PASO, TEXAS
LEGISTAR AGENDA ITEM SUMMARY FORM
DISTRICT, DEPARTMENT, CONTACT INFORMATIOn:
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Details
All Districts
Purchasing and Strategic Sourcing, K. Nicole Cote, (915) 212-1092
Human Resources, Mary L. Wiggins, (915) 212-1092
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AGENDA LANGUAGE:
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Title
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.
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