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Awarded contract·City of Richmond and School Board of the City of Richmond·Virginia

Joint Health Care Program with City of Richmond (includes health benefits, vision coverage, prescription drug coverage, and an employee assistance program)

Won by CIGNA Health and Life Insurance Company and Evernorth Behavioral Health, Inc.$2MSingle Award
Contract source

Awarded vendors

  • CIGNA Health and Life Insurance Company and Evernorth Behavioral Health, Inc.

Description

The contract is for a joint health care program with the City of Richmond, including health benefits, vision coverage, prescription drug coverage, and an employee assistance program. The contract is for administrative services only, and the City and the School Board will pay the contractor to make claims payments and for administrative costs. The contract has a term of four years, with the option to renew. The contractor is CIGNA Health and Life Insurance Company and Evernorth Behavioral Health, Inc. The contract includes provisions for HIPAA compliance, data protection, and confidentiality.

Attached files

Key dates

Starts
1/1/2023
Ends
12/31/2026Renews
Duration
4 years

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Healthcare and Medical Services
NAICS
524114
Solicitation №
23000003911

Contract value

$2,000,000

Based on the contract document, the estimated value of the contract is not explicitly stated. However, the contract mentions a fee credit of $50,000.00 to the City and $50,000.00 to the School Board for the calendar year beginning January 1, 2024. Additionally, the contract includes provisions for claims payments and administrative costs, which may indicate a larger contract value. Without more information, it is difficult to estimate the total value of the contract. However, based on the services provided and the term of the contract, a rough estimate could be in the range of $1 million to $5 million per year, depending on the number of employees and the scope of services.

AI estimate from the award documents

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