Insurance Broker Service
- Client
- Atlantic, New Jersey
- RFP Number
- INSU-6559
- Posted
- 10/2/2026
- Category
- Insurance Services
- Budget
- Looking for Proposals
- NAICS
- —
- Set-aside
- —
- Contact
- —
Description
AI GeneratedThe City of Atlantic City seeks an insurance broker to manage its self-insured health benefit program and evaluate alternate fully insured programs. The broker must manage Stop Loss coverage, program administration, prescription programs, Medicare Advantage programs, actuarial services, retiree medical billing, and claim experience reviews. Additional scope includes obtaining fully insured health program quotes, providing complete cost analyses, recommending cost-efficient funding methods, consulting on collective bargaining, and negotiating provider rates. Eligible USA onshore organizations must comply with N.J.S.A. 10:5-31 et seq. and N.J.A.C. 17:27. Applicants must submit proposals electronically through the E-Procurement platform BidNet Direct by 11:45 AM on October 22, 2026, and address all questions through the same site. Physical submissions will not be accepted. Submissions must include qualifications, proof of expertise, staffing descriptions, organizational charts, resumes, and primary and alternate contact identifications. Compensation will be a fixed annual fee paid by the city or through credits, and proposers must certify restrictions on third-party compensation.
Key solicitation details
AI-extracted from CC RFP 26-70 BROKER OF RECORD HEALTH BENEFITS.pdf. Confirm against the original documents before bidding.
The City of Atlantic City is seeking a qualified health insurance broker to provide brokerage and management services for group health insurance programs serving active and retired employees. The contractor must manage the city's self-insured plan and broker alternate fully insured programs. Bidding is open to US-based organizations.
- Issued by
- City of Atlantic City
- Proposals due
- October 22, 2026 at 11:45AM (Prevailing time)
- How to submit
- Electronic via E-Procurement platform
- Submission details
- Electronically uploaded on BidNet Direct accessible via www.bidnetdirect.com//atlanticcity. No physical proposals shall be received, opened or honored.
- Contract term
- One (1) year period with the option of two (2), one (1) year extensions
- Place of performance
- Atlantic City, New Jersey
- Insurance and bonding
- Commercial General Liability, Workers' Compensation and Employers' Liability, Professional Liability (Malpractice), and Cyber Liability Insurance. All policies must be with carriers rated A-VII or better by A. M. Best.
How proposals are evaluated
| Consultant/Management Fee | 15 points |
| Relationships with a diverse group of insurance carriers | 20 Points |
| Governmental experience, references and reputation | 20 Points |
| Availability to accommodate the City and provide services requested in RFP | 20 Points |
| Tech capabilities/capacity and depth of staff | 15 Points |
| Value added services provided by the firm | 10 Points |
Scope of work
- Manage current self-insured health benefit program for active and retired employees
- Review and analyze claims experience, claim services, and claims administration
- Obtain quotes for fully insured health benefit programs from national insurers, local HIFs, and NJ SHBP
- Provide complete cost analysis of current self-insured program and report findings to City Administration
- Determine and recommend the most cost-efficient funding methods for benefit programs
- Prepare RFP specifications and solicit proposals from specialized insurance markets
- Perform proposal evaluations including administration, coverage, and claim services
Minimum qualifications
- Appropriate federal and state licenses to perform insurance broker of record services
- Prior experience as a health insurance broker in the public sector marketplace in New Jersey
- Proven record of experience representing municipal entities
- New Jersey Business Registration Certificate
Documents to include with the bid
- Proposal Cost Form
- Proposer Information
- Statement of Ownership Disclosure
- Non-Collusion Affidavit
- W-9 Taxpayer Identification Number Form
- Disclosure of Investment Activities in Iran Form
- Iran & Russia or Belarus Activities Disclosure Form
- New Jersey Business Registration Certificate
- Copy of professional licenses
- Schedule of Good Faith Effort for Utilization of MBE and WBE
Source and verification
Original sourceCraxy AI summarizes this opportunity from the original listing and available solicitation documents. Confirm submission instructions and amendments with the issuing source before responding.
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