City Secures Capped Medical Insurance Renewals
City of Spanish ForkCity · Spanish Fork, UT- Disclosed value
- 9.5% renewal; future renewals not to exceed 3.5%
- From budget
- Document date
- Feb 21, 2023
The 30-second brief
Spanish Fork City’s FY 2023 budget acknowledges a 9.5% increase in its medical insurance renewal and secures a guaranteed renewal for the next two years with rate increases capped at 3.5%. This maintains existing employee benefits while addressing higher utilization and inflation-related costs.
Medical Insurance Renewal holds this insurance contract with City of Spanish Fork. Its other public contracts on record include work for Wahpeton Public School District 37 and Hinsdale CCSD 181.
Term as filed: Current year plus guaranteed renewal for the next two years.
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Contract details
- Contract type
- Insurance
- Amount
- 9.5% renewal; future renewals not to exceed 3.5%
- Document date
- February 21, 2023
- Term
- Current year plus guaranteed renewal for the next two years
- Agency
- City of Spanish Fork
- Source document
- Spanish Fork Fiscal Year 2023 Revision 2 Budget 2023-02-21 (Budget)
Medical Insurance Renewal's other public contracts
More City of Spanish Fork contracts
Questions about this contract
Who was awarded the insurance contract by City of Spanish Fork?
Medical Insurance Renewal was awarded this insurance contract by City of Spanish Fork, as recorded on February 21, 2023. The contract value is 9.5% renewal; future renewals not to exceed 3.5%.
How much is the Medical Insurance Renewal contract with City of Spanish Fork worth?
The Medical Insurance Renewal contract with City of Spanish Fork is valued at 9.5% renewal; future renewals not to exceed 3.5%, covering insurance work.
What type of contract is this?
This is a Insurance contract, documented as a budget record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in Spanish Fork Fiscal Year 2023 Revision 2 Budget 2023-02-21 (Budget), dated February 21, 2023 from City of Spanish Fork. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Medical Insurance Renewal hold?
Medical Insurance Renewal may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is City of Spanish Fork currently buying?
Explore City of Spanish Fork's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.