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  5. ›Stop-Loss Insurance For Group Health And Prescription Drug…

City of Franklin·Tennessee

Stop-Loss Insurance For Group Health And Prescription Drug Programs for Employees and Retirees

Closes 5/22/2026$500k – $2MInvitation for Bid
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Description

The City of Franklin, Tennessee, is seeking bids for stop-loss insurance for group health and prescription drug programs for its employees and retirees. The successful bidder will provide insurance coverage for a period of 12 months, with the option for renewal. The city is looking for a provider that can offer competitive rates and excellent customer service. The bid package includes a solicitation document, instructions for bidders, and various attachments, such as a notice of confidentiality and proprietary rights, an indemnification agreement, and an affidavit of non-collusion. Bidders are required to submit their proposals electronically, and the city reserves the right to reject any and all bids. Key aspects of the job include: • Providing stop-loss insurance for group health and prescription drug programs • Offering competitive rates and excellent customer service • Complying with the city's procurement terms and conditions • Submitting proposals electronically • Meeting the requirements outlined in the solicitation document and attachments

Attached files

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

Contact

Wesley Wright(Purchasing Manager)

[email protected]

(615) 550-6698

Key dates

Opened
5/11/2026
Questions due
5/14/2026
Closes
5/22/2026
Projected award
6/30/2026
Duration
12 months

Last updated

Details

Type
Invitation for Bid
Industry
Insurance
NAICS
524114
Solicitation №
2026-028

Budget estimate

$500,000 – $2,000,000

The budget for this opportunity is difficult to estimate, as the bid document does not provide a clear indication of the premium amounts or the number of employees and retirees to be covered. However, based on industry standards and the scope of the project, a rough estimate for the annual premium could be in the range of $500,000 to $2,000,000. This estimate is highly speculative and may vary depending on various factors, such as the provider's rates, the city's employee and retiree population, and the specific terms of the contract.

AI estimate from the solicitation

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