Kent State University At Trumbull Awards Insurance Contract to Medical Mutual of Ohio (December 2023)
- Disclosed value
- $2,819,280 for initial one-year term, with option for two additional one-year periods at negotiable annual rates
- From minutes
- Approved
- Dec 6, 2023
The 30-second brief
The Board approved a contract with Medical Mutual of Ohio to provide stop loss insurance coverage for the university’s self-funded health and wellness benefits plan, with an initial one-year term costing approximately $2.82 million. The agreement includes a $400,000 deductible and allows the university to renew for up to two additional years at negotiable rates.
Medical Mutual of Ohio holds this insurance contract with Kent State University At Trumbull. Its other public contracts on record include work for Allen County and Kirtland Hills village.
Term as filed: Initial term of one year beginning January 1, 2024, with university option to renew up to two additional one-year periods.
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Contract details
- Contract type
- Insurance
- Amount
- $2,819,280 for initial one-year term, with option for two additional one-year periods at negotiable annual rates
- Document date
- December 6, 2023
- Term
- Initial term of one year beginning January 1, 2024, with university option to renew up to two additional one-year periods
- Vendor
- Medical Mutual of Ohio
- Source document
- Kent State University Board of Trustees Minutes 2023-12-06 (Minutes)
Medical Mutual of Ohio's other public contracts
More Kent State University At Trumbull contracts
Questions about this contract
Who was awarded the insurance contract by Kent State University At Trumbull?
Medical Mutual of Ohio was awarded this insurance contract by Kent State University At Trumbull, as recorded on December 6, 2023. The contract value is $2,819,280 for initial one-year term, with option for two additional one-year periods at negotiable annual rates.
How much is the Medical Mutual of Ohio contract with Kent State University At Trumbull worth?
The Medical Mutual of Ohio contract with Kent State University At Trumbull is valued at $2,819,280 for initial one-year term, with option for two additional one-year periods at negotiable annual rates, covering insurance work.
What type of contract is this?
This is a Insurance contract, documented as a minutes record.
Where was this contract approved?
This contract appears in Kent State University Board of Trustees Minutes 2023-12-06 (Minutes), dated December 6, 2023 from Kent State University At Trumbull. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Medical Mutual of Ohio hold?
Medical Mutual of Ohio 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 Kent State University At Trumbull currently buying?
Explore Kent State University At Trumbull's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.