University of Illinois at Chicago
Announcement of an Emergency Award/Quick Purchase
Vendor: Integro Insurance Brokers
Final Amount: $404,000
The State Purchasing Officer for this procurement is now Gary Reis.
The University award process may be delayed up to thirty days as this award goes through a state approval process.
Vendor: Integro Insurance Brokers
Change Order Amount: $0
This Change Order is necessary to amend the term from a "one-time" purchase to a term from July 28, 2015 through August 16,2015.
The State Purchasing Officer for this procurement is now Gary Reis.
The University award process may be delayed up to thirty days as this award goes through a state approval process.
Awarded to:Vendor: Integro Insurance Brokers, Chicago, IL
Amount: An estimated $404,000
Terms: One-time transaction
The University award process may be delayed up to thirty days as this award goes through a state approval process.
First published Wednesday, July 29, 2015
The University awarded a contract for insurance brokers services for stop loss insurance.
This emergency/quick purchase was required due to a situation in which immediate action was needed to prevent any disruption in University services.
Recently the Federal Government has deemed the University’s CampusCare student self-funded health plan as ACA-compliant only if it removes the current $500,000 lifetime cap on benefits. To do this the University’s CampusCare unit needs protection above $500,000. THe University was informed that the State of Illinois Master Contract (Department of Central Management Services)for insurance brokerage services does not include student health stop loss coverage.
The University has no other insurance brokerage contract in place for student health stop loss insurance and the insurance policy has to be effective for the academic year commencing with the Fall 2015 semester. Insurance carriers will not underwrite a student health policy for a shorter term duration than one year. During the next 12 months UIC CampusCare will be able to issue a competitive RFP for insurance broker services for this type of insurance policy.
For additional information, contact:
State Purchasing Officer - Gary Reis
This transaction is subject to the State Board of Elections registration and certification requirements of Public Act 095-0971.
The State of Illinois has a policy to encourage prospective vendors to hire
qualified veterans, minorities, females, persons with disabilities and ex-offenders.
