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  5. ›RFQ032768 - Basic Life Insurance and Short-Term Disability…

The City of Columbus·Ohio

RFQ032768 - Basic Life Insurance and Short-Term Disability RFP

Closes 5/29/2026$5M – $15MRequest for Proposal
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Description

The City of Columbus is seeking a qualified insurance provider to deliver comprehensive Basic Life insurance and a self‑funded Short‑Term Disability (STD) solution for its employees. The contract will encompass policy issuance, claims adjudication, benefit payment disbursement, reporting, implementation support, and ongoing account management. • Provide competitive, compliant Basic Life insurance coverage for city employees. • Deliver a self‑funded Short‑Term Disability plan, including all administration and claims processing. • Supply ongoing reporting, implementation assistance, and dedicated account management throughout the contract term. • Ensure adherence to applicable federal and state regulations for employer‑provided benefits. • Support the City with transparent cost structures and performance metrics.

Attached files

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

Key dates

Opened
5/1/2026
Closes
5/29/2026

Last updated

Details

Type
Request for Proposal
Industry
Insurance
NAICS
524113
Solicitation №
RFQ032768

Budget estimate

$5,000,000 – $15,000,000

The contract is for a municipal employee benefits program, which typically involves significant premium volumes. Assuming coverage for roughly 5,000–10,000 city employees with an average annual premium of $800–$1,200 per employee, the total contract value could range from $4 million to $12 million per year. Including administration fees and potential performance incentives, a reasonable estimate for the client’s earnings falls between $5 million and $15 million over the life of the agreement. Factors influencing the budget include the size of the covered workforce, the chosen benefit levels, and any self‑funded risk retention on the STD portion.

AI estimate from the solicitation

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