Community College District No. 508 Agreement Dearborn Life Insurance Nov 2023
Community Colleges Renew Insurance with Blue Cross Blue Shield
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Description
The Board of Trustees of Community College District No. 508 approved the renewal of a group and voluntary life, disability, and critical illness insurance agreement with Dearborn Life Insurance Company d/b/a Blue Cross Blue Shield of Illinois for a one-year term starting January 1, 2024, at a cost not to exceed $1,700,000. The agreement covers insurance benefits for eligible employees and retirees.
Contract Details
Contract Amount
Not to exceed $1,700,000
Vendor
DEARBORN LIFE INSURANCE COMPANY DBA BLUE CROSS BLUE SHIELD OF ILLINOIS
Agency
City Colleges Of Chicago-Richard J Daley College, IL
Contract Type
INSURANCE
Document Date
November 2, 2023
Contract Term
January 1, 2024 – December 31, 2024
Renewal Date
2024-12-31
Renewal Info
Original contract ran Jan 1, 2021 to Dec 31, 2023, with two one-year renewal options; this is the first renewal through Dec 31, 2024.
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Related Contracts
Community College District No. 508 Resolution Group and Voluntary Supplemental Life and Accidental Death/Dismemberment, and Voluntary Disability and Critical Illness Insurance Plans 2025-12-04
APPROVEDCity Colleges of Chicago Committee on Finance and Administrative Services Meeting Agenda 2025-12-04
APPROVEDCommunity College District 508 Regular Board Meeting Agenda 2025-12-04
APPROVEDIssuing Agency
City Colleges Of Chicago-Richard J Daley College
Higher Ed
Chicago, IL
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