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  5. ›Life and Disability Insurance for the Public Employees'…

Nevada Public Employees' Benefits Program·Nevada

Life and Disability Insurance for the Public Employees' Benefits Program (PEBP)

Closes 11/8/2021$10M – $50MRequest for Proposal
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Description

The State of Nevada Purchasing Division on behalf of the Public Employees' Benefits Program (PEBP) is seeking proposals from qualified vendors to provide Basic Life Insurance for Active and Retiree members. Additionally, PEBP is seeking proposals for a possible reinstatement of Long Term Disability (LTD) insurance for Active members. The contract is expected to be for an initial term of four years, with an option to extend for two additional years, and is subject to PEBP Board approval and Nevada State Board of Examiners approval. Key aspects of the proposal include: • Providing administrative support and accuracy in claims processing • Accommodating potential reinstatement of LTD coverage • Meeting the requirements outlined in the RFP Workbook and attachments • Complying with Nevada's ethical standards requirements and applicable regulations • Participating in vendor presentations (if required) • Providing a complete disclosure of any alleged significant prior or ongoing contract failures, contract breaches, or civil/criminal litigation/investigations.

Attached files

Contact

Gideon Davis(Purchasing Officer 3)

[email protected]

(775) 515-5173

Key dates

Opened
10/14/2021
Questions due
10/18/2021
Pre-bid meeting
10/25/2021
Closes
11/8/2021
Projected award
1/7/2022
Duration
48 months

Last updated

Details

Type
Request for Proposal
Industry
Insurance
NAICS
524114
Solicitation №
95PEBP-S1790

Budget estimate

$10,000,000 – $50,000,000

The estimated budget for this contract is difficult to determine without more specific information on the number of employees and the cost of insurance premiums. However, based on the scope of work and the fact that the contract is for an initial term of four years, a rough estimate could be in the range of $10 million to $50 million. This estimate takes into account the potential number of employees, the cost of insurance premiums, and the administrative costs associated with managing the contract.

AI estimate from the solicitation

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