Stop-Loss Insurance For Group Health and Prescription Drug Program

The City of Franklin is seeking stop‑loss insurance coverage for its group health and prescription drug program. This procurement will secure a policy that protects the city against excessive claims costs, ensuring budget stability for employee health benefits. Vendors will be evaluated on their ability to provide comprehensive coverage, competitive premiums, and service support. • Scope: Provide stop‑loss insurance (excess of losses) for the city’s group health and prescription drug plan. • Requirements: Demonstrate financial strength, claims‑handling capability, and compliance with applicable state and federal regulations. • Evaluation: Based on price (premium), coverage terms, and vendor experience with similar municipal health programs. • Deliverables: Policy documents, ongoing administration, and reporting throughout the contract term. • Deadline: Proposals must be submitted by 2:00 PM CT on 5/22/2026.