?RFP ? 24 ? 07 - City of Hoboken Interested in Servicing as Insurance Broker-Health Benefits, Medical, Prescription (Rx), Third Party Administrator, Dental and Vision

CITY OF HOBOKEN
ADDENDUM TO RFP DOCUMENTS

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RFP – 24 – 07 - City of Hoboken Request for Qualifications from Individuals or Firms Interested in Servicing as
Insurance Broker-Health Benefits, Medical, Prescription (Rx), Third Party Administrator, Dental and
Vision for the City of Hoboken

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This Addendum # 1 dated March 27, 2024, is issued to modify the above-mentioned RFP, and is hereby made part of the RFP documents. Please attach this Addendum #1 to the original documents in your possession and ensure same is included in your proposal.

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This addendum includes:
Q1. Can you please send over the experience data and renewal information for all benefits that have
been requested to quote?
A1. We will not be sharing experience data, at this time as we have current agreements with vendors
that provide insurance coverage, and it is not relevant to the role of the broker with the City. As
our benefits are union negotiated, we are not looking for a broker to modify our current
benefits/find new TPA’s but assist with managing the existing plans, working with current TPA’s and
should insurance come up in future negotiations assist with recommendations. For the current
insurance rates, our medical and Rx rates mirror the SHBP Direct 10 Plan for all but one bargaining
unit. The monthly rates for the non-SHBP group, which are determined by an actuary, are:
The rates for dental and vision are:

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Q2. Please make sure information is included on who the stop loss carrier is and the individual
deductible and how long has the city of Hoboken been with IAA.
A2. This RFP does not include stop loss.

This addendum is posted on the City of Hoboken website to ensure compliance. The City will not
accept any further RFI/questions at this time.
There are no other changes to the RFP documents as part of this addendum.

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ATTEST:                                Date: March 27, 2024
Jennifer Mastropietro, QPA
Purchasing Agent

CITY OF HOBOKEN
ACKNOWLEDGMENT OF RECEIPT OF ADDENDA
RFP – 24 – 07
City of Hoboken Request for Qualifications from Individuals or Firms Interested in Servicing as
Insurance Broker-Health Benefits, Medical, Prescription (Rx), Third Party Administrator, Dental and
Vision for the City of Hoboken
The undersigned Bidder hereby acknowledges receipt of the following Addenda: Addendum Number
Date             Acknowledge
Receipt(Initial)

Addendum # 1      February 16, 2024

Addendum # 2        March 27, 2024

No addenda were received:
Acknowledged for:
(Name of Bidder)

By:                         Date:   (Signature of Authorized Representative)

Name:                       Title/Position:
(Print or Type)

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