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  5. ›Third Party Administration of Group Vision Insurance Plan

Iowa Department of Administrative Services·Iowa

Third Party Administration of Group Vision Insurance Plan

Closes 5/14/2026$1M – $5MRequest for Proposal
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Description

The State of Iowa, through its Department of Administrative Services, seeks proposals from qualified vendors to provide a fully‑insured, voluntary group vision insurance plan and third‑party administration services for approximately 7,200 eligible employees, retirees and dependents. The contractor will be responsible for designing the benefit, guaranteeing premium rates for a two‑year initial term, managing enrollment, claims processing, provider network maintenance, member services, and delivering regular reporting. The award will be to a single vendor, with options to extend the contract up to a total of six years. • Provide a fully‑insured vision plan covering exams, lenses, frames, low‑vision services, and optional enhancements. • Administer enrollment, payroll deductions, COBRA for retirees, and maintain a statewide provider network meeting Iowa access standards. • Deliver member‑service call center, online portal/mobile app, claim adjudication, and performance reporting, meeting defined service‑level metrics.

Attached files

The solicitation documents live at the source — open the bid source above to download them.

Contact

Jocelyn Brincks(Contact)

[email protected]

(515) 499-3659

Key dates

Opened
3/29/2026
Questions due
4/14/2026
Closes
5/14/2026
Duration
2 years

Last updated

Details

Type
Request for Proposal
Industry
Insurance
NAICS
524292
Solicitation №
005-RFP-2569-2026

Budget estimate

$1,000,000 – $5,000,000

No explicit contract value is disclosed. Based on the projected enrollment of roughly 7,200 participants, an assumed average annual premium of $100‑$150 per participant, and a two‑year guaranteed term, the total premium revenue could range from $1.4 million to $2.2 million. Adding administrative service fees (estimated 5‑10 % of premium revenue) raises the potential contract value to roughly $1.5 million‑$5 million over the full possible six‑year term. Therefore a reasonable estimate for the award amount is between $1 million and $5 million.

AI estimate from the solicitation

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