City of New Brunswick City Council Agenda 2026-05-20
Stop loss coverage funding increased for Aetna
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Description
The City will increase its contract with Aetna Life Insurance Company by up to $23,000 for stop loss coverage on its Aetna medical and CVS/Caremark prescription plans for July 1, 2025 through June 30, 2026. This amendment enhances financial protection against high-cost claims.
Contract Details
Contract Amount
Additional amount $23,000.00 (NTE $23,000.00)
Vendor
AETNA LIFE INSURANCE COMPANY
Agency
City of New Brunswick, NJ
Contract Type
INSURANCE
Document Date
May 20, 2026
Contract Term
July 1, 2025 – June 30, 2026
Renewal Date
2026-06-30
Renewal Info
Change order adds up to $23,000.00 to the existing stop loss coverage contract under Resolution R-122537 for the current term ending June 30, 2026.
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