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  5. ›Salt Lake County Reinsurance Coverage for Salt Lake County…

Awarded contract·Salt Lake County Human Resources Division·Utah

Salt Lake County Reinsurance Coverage for Salt Lake County Employee and Retiree Health Plan

Won by PEHP$3MSingle Award
Contract source

Awarded vendors

  • PEHP

Description

Salt Lake County is seeking comprehensive reinsurance coverage for its employee and retiree health insurance plans. The contract will be awarded to one insurer, able to work with County's two medical insurance carriers. The purpose of soliciting proposals is to ensure that the administrative fees, overall costs, and benefits offered to the County are as competitive as possible for the services provided. The key aspects of the contract include: • The contract is for comprehensive reinsurance coverage for employee and retiree health insurance plans. • The contract will be awarded to one insurer. • The insurer must be able to work with County's two medical insurance carriers. • The purpose of soliciting proposals is to ensure competitive administrative fees, overall costs, and benefits. • The contract is expected to start on January 1, 2025.

Attached files

Key dates

Starts
1/1/2025

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Insurance
NAICS
524130
Solicitation №
SLCoHR112503 RFP

Contract value

$3,000,000

The contract value is not explicitly stated in the document. However, based on the scope of the contract, which includes comprehensive reinsurance coverage for employee and retiree health insurance plans, the value is likely to be significant. The contract is expected to start on January 1, 2025, and the duration is not specified. Assuming a typical contract duration of 3-5 years, the total contract value could be in the range of $1 million to $5 million per year, depending on the number of employees and retirees covered, the level of coverage, and the administrative fees.

AI estimate from the award documents

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