Community College District No. 508 Resolution Stop Loss Insurance Plan 2025-12-04
District Approves Stop Loss Insurance Contract with BCBSIL
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Description
Community College District No. 508 awarded a $2,800,000 contract to Health Care Service Corporation d/b/a Blue Cross Blue Shield of Illinois for District-wide stop-loss insurance coverage for PPO medical claims from January 1, 2026 to December 31, 2026. The agreement includes two optional one-year extension periods.
Contract Details
Contract Amount
$2,800,000.00
Vendor
HEALTH CARE SERVICE CORPORATION DBA BLUE CROSS BLUE SHIELD OF ILLINOIS
Agency
City Colleges Of Chicago-Richard J Daley College, IL
Contract Type
INSURANCE
Document Date
December 4, 2025
Contract Term
January 1, 2026 through December 31, 2026, with options to extend for two additional one (1) year periods
Renewal Date
2026-12-31
Renewal Info
Contract term is one year with two optional one-year renewals under the joint procurement agreement with the City of Chicago; renewal subject to future board appropriation.
More from HEALTH CARE SERVICE CORPORATION DBA BLUE CROSS BLUE SHIELD OF ILLINOIS
Related Contracts
Community College District No. 508 Board Report Claims Administration Services District Dental Plan 2025-12-04
RENEWEDCommunity College District No. 508 Resolution Health Maintenance Organization Medical Plan 2025-12-04
AWARDEDCommunity College District No. 508 Resolution Preferred Provider Organization Medical Plan 2025-12-04
APPROVEDCommunity College District No. 508 Agreement with BCBS Nov 2023
RENEWEDCommunity College District No. 508 Agreement Renewal Nov 2023
RENEWEDIssuing Agency
City Colleges Of Chicago-Richard J Daley College
Higher Ed
Chicago, IL
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