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  1. Bid Banana
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  5. ›RECORD SERVICES HEALTH BENEFITS

Willingboro Board of Education·New Jersey

RECORD SERVICES HEALTH BENEFITS

Closes 4/29/2026$30k – $80kRequest for Proposal
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Description

The Willingboro Board of Education is seeking a qualified health‑benefit broker to act as the “Broker of Record” for its employee medical, prescription, and dental plans. The broker will manage the procurement process, evaluate insurer proposals, provide budget modeling, monitor carrier compliance, and support enrollment and retiree assistance. The contract runs for one year with an option to renew two additional years, and the vendor must hold an NJ insurance broker license and meet extensive insurance and compliance requirements. • Conduct solicitation of health‑insurance carriers, ensure statutory compliance, and prepare recommendation reports. • Review existing coverage, identify cost‑saving opportunities, and assist with budget impact analysis. • Provide ongoing carrier performance monitoring, claims analysis, and serve as the primary liaison for employees, the Board, and insurers. • Required NJ broker license (≥10 years), experience with ≥5 NJ public‑school districts (≥3 with ≥500 employees), and maintain substantial liability, cyber, and workers’‑comp insurance. • Compensation is commission‑based on premiums plus hourly rates for extraordinary services; no fixed contract ceiling is disclosed.

Attached files

Contact

Jason A. Jones(School Business Administrator / Board Secretary)

Key dates

Opened
4/15/2026
Closes
4/29/2026
Projected award
5/28/2026
Duration
1 year

Last updated

Details

Type
Request for Proposal
Industry
Insurance
NAICS
524210
Solicitation №
EUS/RFP #01‑202626

Budget estimate

$30,000 – $80,000

The district’s employee base (estimated 500+ staff) typically generates health‑benefit premiums in the $1‑2 million range. Broker commissions in NJ public‑school contracts usually run 2‑5 % of total premiums, plus an hourly rate for extraordinary services (e.g., negotiation meetings). Assuming $1.5 M in premiums, a 3 % commission yields $45,000. Adding potential extraordinary‑service fees of $10‑30 k results in an estimated total vendor earnings between $30 k and $80 k for the one‑year term.

AI estimate from the solicitation

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