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  5. ›10320 Fully Insured Short Term Disability Insurance

Newark Board of Education·New Jersey

10320 Fully Insured Short Term Disability Insurance

Closes 9/25/2026$500k – $1MRequest for Proposal
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Description

The Newark Board of Education seeks a fully‑insured short‑term disability (STD) insurance program for its two union locals (Local 3 and Local 617), covering approximately 1,052 employees. The vendor must provide the insurance policy, claims administration, and related broker services, delivering a fixed three‑year rate guarantee and meeting extensive data‑exchange, reporting, and multilingual communication requirements. • Coverage: 60 % of salary, up to $1,000 weekly, 26‑week benefit period, 0‑day accident elimination, 7‑day sickness elimination. • Technical integration: Weekly inbound data feed from the district’s WEX enrollment system, error‑handling response times, and an online employer portal. • Administrative obligations: Dedicated account‑management team, bilingual employee communications (English, French, Portuguese, Spanish), regular reporting, and optional FMLA administration. • Submission requirements: Complete questionnaire, work plan, cost proposal (rate per $10 of benefit), executive summary, contract proposal, sample reports, organizational chart, key‑person résumés, W‑9, and numerous certifications (OFAC, non‑collusion, political contribution, etc.) bundled into a single PDF by the deadline.

Attached files

Contact

Sherelle Spriggs(User‑credential contact)

[email protected]

Key dates

Opened
9/4/2026
Questions due
9/10/2026
Pre-bid meeting
9/10/2026
Closes
9/25/2026
Projected award
11/1/2026
Duration
3 years

Last updated

Details

Type
Request for Proposal
Industry
Insurance
NAICS
524210
Solicitation №
RFP 10320

Budget estimate

$500,000 – $1,000,000

No explicit contract value is disclosed; however, the district expects a fixed rate per $10 of benefit for roughly 1,052 employees over three years. Assuming a conservative rate of $2‑$4 per $10 of benefit per month, the annual cost could range from $500,000 to $1,000,000, yielding a total three‑year budget in the $1.5‑$3 million range. This estimate reflects typical market rates for fully‑insured STD coverage for comparable public‑sector employee bases.

AI estimate from the solicitation

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