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Awarded contract·Utah Valley University·Utah

Medical, Rx, Dental Plan Administrative Services & Fully Insured Voluntary Vision Plan

Won by Regence BlueCross BlueShield of Utah +1 more$5MMultiple Award
Contract source

Awarded vendors

  • Regence BlueCross BlueShield of Utah
  • EyeMed Vision Care

Description

The contract is for Medical, Rx, Dental Plan Administrative Services & Fully Insured Voluntary Vision Plan for Utah Valley University. The university evaluated proposals from various vendors and awarded the contract to Regence BlueCross BlueShield of Utah for Medical, Pharmacy, and Dental administrative services, and to EyeMed Vision Care for Vision insurance. The evaluation committee considered factors such as provider choice, service experience, discounts, and administrative fees in making their decision. • The contract includes administrative services for medical, pharmacy, and dental plans. • The contract includes vision insurance with a large selection of provider and retail options. • The contract aims to provide the best service experience for university employees. • The contract includes additional savings of benefit employee time and administrative fees. • The evaluation committee considered the final technical scores and objective cost points in making their decision.

Attached files

Key dates

Last updated

Details

Award type
Multiple Award
Procurement
Full and Open Competition
Industry
Insurance
NAICS
5241
Solicitation №
RFP-2024-1078

Contract value

$5,000,000

The value of the contract is not explicitly stated in the provided text. However, based on the fact that the contract involves the administration of medical, dental, and vision insurance plans for Utah Valley University, it is likely that the contract value is significant. The contract may involve millions of dollars in premiums and administrative fees. A rough estimate of the contract value could be between $1 million to $10 million per year, depending on the number of employees and dependents covered under the plans.

AI estimate from the award documents

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