Cobra Administration Services

The Arizona State Retirement System (ASRS) Master Agreement CTR062097 is a comprehensive Indefinite Delivery Vehicle (IDV) focused on COBRA Administration Services. The contract enables procurement of specialized administrative services including implementation, participant notice generation, premium billing and collection, and technology portal access. Key service components encompass maintaining participant information, sending required notices, managing premium payments, and ensuring legal compliance with COBRA regulations. The IDV provides a structured mechanism for detailed COBRA administrative support with specific pricing models, including monthly access fees, implementation fees, and per-participant service charges.

The master agreement is awarded to iTEDIUM, Inc., a COBRA administration service provider, with an initial contract period from January 1, 2023, to December 31, 2023, and subsequent annual renewals through amendment processes. The contract is a state-level master agreement specifically covering Arizona, with a contract type classified as a Master Agreement. Through multiple amendments (Amendment No. 1, 2, and 3), the contract has been extended through December 31, 2026, demonstrating ongoing service requirements. The contract includes comprehensive insurance coverage, with policies including Errors & Omissions Insurance, Cyber Insurance, and Directors & Officers Liability, ensuring robust risk management for the administrative services provided.