Stop Loss Insurance Coverage Questions and Answers Addendum

The Newark Board of Education is seeking a qualified insurance provider to deliver Individual Stop‑Loss (ISL) coverage up to $500,000 per enrollee, as well as any required group stop‑loss coverage, for its employee health plans. The award will be based on a proposal responding to the RFP, with a commission structure of 15 % of premium (capped at $700,000) and no additional overrides. Vendors must submit a signed Addendum Acknowledgement along with their proposal by the deadline. • Coverage requirement: ISL $500K per individual, plus group stop‑loss as needed. • Financial ceiling: Prior contract was $9.04 M; commission limited to $700 K. • Deadline: Proposals due by 12 p.m. EST, May 15 2026 via the NPSSourcing portal. • Contact: Office of General Counsel (973‑733‑7139) for contract background.