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Northeast Ohio Medical University·Ohio

Employee Insurance Broker

Closes 6/15/2025$106k – $266kRequest for ProposalLogin required
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Description

Northeast Ohio Medical University (NEOMED) is seeking a broker to manage employee healthcare benefits, including medical, dental, vision, and tax advantage plans. The selected broker will be responsible for administrative guidance, reporting, communication, benefit automation, open enrollment, wellness support, customer support, and compliance resources. The broker will also be expected to provide professional services, including troubleshooting and resolving employee issues with health carriers, and providing resources to stay up to date with laws, regulations, and best practices. • The contract is expected to begin on January 1, 2026, and the scope of work is expected to start shortly after September 15, 2025. • The broker will be responsible for managing employee healthcare benefits for approximately 900 students and 531 employees (full and part-time) at NEOMED. • The broker will be expected to provide monthly reporting metrics, including medical and pharmacy claim costs, employee utilization, and high claims expense. • The broker will be responsible for communicating effectively with employees on benefit options and providing resources to support an in-house wellness program.

Attached files

Contact

Nicole Meadows-Hale(Bid Contact)

[email protected]

(330) 325-6802

Key dates

Opened
5/22/2025
Closes
6/15/2025
Projected award
7/15/2025

Last updated

Details

Type
Request for Proposal
Industry
Insurance
NAICS
524210
Solicitation №
20250522

Budget estimate

$106,200 – $265,500

The budget for this opportunity is not explicitly stated in the document. However, based on the scope of work and the fact that the contract is expected to begin on January 1, 2026, and the scope of work is expected to start shortly after September 15, 2025, it can be estimated that the budget will be a recurring annual fee. The fee structure will likely be based on a percentage of the total healthcare benefits managed, which could range from 2% to 5% of the total benefits. Assuming an average annual healthcare benefit cost per employee of $10,000, and approximately 531 employees, the total annual healthcare benefit cost would be $5,310,000. Based on this, the estimated budget could range from $106,200 to $265,500 per year.

AI estimate from the solicitation

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