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  5. ›Legal Notice - Invitation to Bid - Individual Stop Loss

Rutherford County·Tennessee

Legal Notice - Invitation to Bid - Individual Stop Loss

Closes 5/13/2025$500k – $2MInvitation for Bid
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Description

Rutherford County is seeking qualified, licensed insurers to provide Individual Stop‑Loss insurance coverage for county employees. The solicitation is issued as a legal notice; interested firms must submit a Letter of Intent (LOI) by May 1 2025 to receive the full bid package, and then deliver a sealed paper proposal by 2:00 PM CST on May 13 2025. The county will evaluate proposals based on “best or lowest bid” and reserves the right to reject any or all offers. No budget, contract length, or detailed coverage specifications are disclosed in the notice. • Eligible bidders: licensed insurers capable of furnishing Individual Stop‑Loss policies. • Submission process: LOI (email) → receipt of electronic bid package → sealed paper proposal (in person). • Evaluation: “best or lowest” bid; no explicit criteria beyond price and compliance.

Attached files

Contact

Marisa Combs Smith

[email protected]

Key dates

Opened
4/21/2025
Closes
5/13/2025

Last updated

Details

Type
Invitation for Bid
Industry
Insurance
NAICS
524127

Budget estimate

$500,000 – $2,000,000

The notice does not disclose contract value. Typical county‑wide stop‑loss insurance programs for a medium‑size county can range from a few hundred thousand dollars to a few million dollars annually, depending on employee count, coverage limits, and deductible structures. A reasonable estimate for this contract would be between $500,000 and $2,000,000 per year.

AI estimate from the solicitation

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