Description
The Paramus Board of Education seeks a qualified New Jersey‑licensed insurance brokerage to serve as the Broker of Record for its employee health‑benefits program. The broker will be responsible for procuring and negotiating health coverage, reviewing existing contracts, providing budgeting and financial analysis, monitoring carrier performance, managing employee communications, and supporting wellness initiatives. The contract is a one‑year term (July 1 2026 – June 30 2027) with potential annual renewals up to five years, paid via an all‑inclusive flat‑fee (no commissions) and an hourly rate for extraordinary services. The solicitation requires extensive documentation, including ownership statements, non‑collusion affidavits, and multiple certifications, and must be submitted in hard‑copy (sealed envelope) plus USB by the exact opening time on April 17 2026.
• Core service: act as the district’s health‑benefits broker of record (plan procurement, carrier liaison, claims analysis, portal management).
• Mandatory qualifications: NJ insurance broker license ≥10 years, ≥5 years experience with NJ school districts, ≥3 licensed staff dedicated to the district, and a NJ‑based principal office.
• Submission burden: full paper proposal, USB copy, and a suite of statutory forms (ownership, non‑collusion, questionnaire, affirmative‑action, political‑contribution, sanctions certifications, insurance certificates, etc.).
• Financial model: all‑inclusive flat‑fee per contract year (no carrier commissions) plus pre‑approved hourly rates for extra services; vendor bears all travel/meal costs.