City Of Jersey City
SELF- FUNDED MEDICAL & PRESCRIPTION DRUG EXCESS STOP LOSS COVERAGE Jersey City, New Jersey 39; s second- largest city with approximately 300, 000 residents, self- insures its employee medical and prescription drug plans and purchases excess loss coverage. With current coverage expiring December 31, 2026, the City invites licensed stop loss insurers and Managing General Underwriters to submit proposals for excess loss coverage as outlined in this RFP. 1. NOTE: THIS PROCESS REQUIRES A PAPER- ONLY SUBMISSION
Self- funded medical and prescription drug excess stop loss coverage Excess loss coverage for self- funded medical and prescription drug plans, specific and aggregate stop loss insurance, 24/12 contract basis, specific deductible options of 300, 000, 350, 000, 400, 000, 450, 000, aggregate corridor 125%, terminal liability ( TLO) pricing for 36- month runout period, no- new laser guarantee, specific advance/immediate funding, unlimited lifetime maximum
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