Description
The Texas A&M University System is seeking proposals from qualified vendors for claims and administration services for its fully-insured group life and group accidental death and dismemberment insurance plans. The selected vendor will provide services for the upcoming plan year, beginning September 1, 2026. The scope of work includes providing group life and AD&D insurance plans, administering claims, and providing customer service to employees and retirees. The vendor will also be responsible for providing enrollment information, summary plan descriptions, and other related documents. The A&M System is looking for a vendor that can provide high-quality services at a competitive cost. Some of the key requirements include:
* Providing group life and AD&D insurance plans with a guaranteed rate for the first three-year term
* Administering claims and providing customer service to employees and retirees
* Providing enrollment information and summary plan descriptions
* Offering supplemental life and AD&D coverage to employees and retirees on a voluntary, contributory basis
* Having experience with Workday, the A&M System's Human Capital Management system
* Being able to integrate with Workday and provide a web integration point for evidence of insurability
* Having a secure email system and being able to establish a secure channel between organizations
* Providing detailed information on pricing, including margin, reserve adjustments, retention, and internal pooling levels.
The A&M System is seeking a vendor that can provide a high level of service, has experience in providing group life and AD&D insurance plans, and can demonstrate financial stability and capabilities.