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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 4/30/2026$500k – $2MRequest for Proposal
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Description

The State of Iowa is seeking a third-party administrator to provide a fully insured, voluntary group vision insurance plan and related administrative services for eligible employees, retirees, and their dependents. The plan is expected to become effective January 1, 2027, with open enrollment in October 2026. The contract will have an annual premium rate calendar from July 1st to June 30th. Key responsibilities will include providing vision insurance coverage, administering claims, and providing customer service to plan participants. The ideal candidate will have experience in administering group vision insurance plans and providing excellent customer service. • The contract is expected to start on January 1, 2027 • Open enrollment for the 2027 plan year will take place in October 2026 • The annual premium rate contract calendar will be from July 1st to June 30th • The contractor will be responsible for providing vision insurance coverage and administrative services • The contractor will be required to provide excellent customer service to plan participants

Attached files

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

Contact

Jocelyn Brincks(Strategic Sourcing Specialist)

[email protected]

(515) 499-3659

Key dates

Opened
3/27/2026
Closes
4/30/2026

Last updated

Details

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

Budget estimate

$500,000 – $2,000,000

Based on the information provided, the budget for this contract is likely to be substantial, as it involves providing vision insurance coverage to a large group of people. However, the exact budget amount is not specified in the document. A rough estimate can be made based on the number of employees, retirees, and dependents who will be covered under the plan. Assuming an average annual premium cost per person of $100, and an estimated 10,000 people covered under the plan, the total budget could be around $1,000,000 per year. However, this is a very rough estimate and the actual budget could be higher or lower, depending on various factors such as the specific terms of the contract, the number of people covered, and the administrative costs associated with the plan.

AI estimate from the solicitation

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