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Awarded contract·City of Port St. Lucie·Florida

Employee Health Coverage & Claims

Won by Blue Cross and Blue Shield of Florida, Inc. d/b/a Florida Blue$3.5MSingle Award
Contract source

Awarded vendors

  • Blue Cross and Blue Shield of Florida, Inc. d/b/a Florida Blue

Description

This contract is for employee health coverage and claims administration services between the City of Port St. Lucie and Blue Cross and Blue Shield of Florida, Inc. d/b/a Florida Blue. The contract term is from October 1, 2021, to September 30, 2026, with two one-year renewal options. The City will pay administrative fees to Florida Blue, which will provide claims processing and administrative services for the City's self-insured Employee Welfare Benefit Plan. The key aspects of this contract include: * Claims processing and administrative services for the City's self-insured Employee Welfare Benefit Plan * Payment of administrative fees by the City to Florida Blue * Renewal options for two one-year periods * Compliance with public records laws and insurance requirements * Indemnification and defense by Florida Blue for any liability arising from its performance under the contract * Maintenance of insurance coverage by Florida Blue, including workers' compensation, commercial general liability, and professional liability insurance * Compliance with the terms and conditions of the contract, including payment terms and termination provisions.

Attached files

Key dates

Starts
10/1/2021
Ends
9/30/2026Renews
Duration
60 months

Last updated

Details

Award type
Single Award
Procurement
Sole Source
Industry
Healthcare and Medical Services
NAICS
524114
Solicitation №
20210075

Contract value

$3,495,000

The contract value can be estimated based on the administrative fees paid by the City to Florida Blue. The fees range from $54.10 to $57.90 per employee per month, and the expected enrollment is 925 employees. Assuming an average fee of $56.00 per employee per month, the total annual fee would be approximately $624,000. Over the 5-year contract term, the total contract value would be approximately $3,120,000. Additionally, Florida Blue will donate $75,000 per year to the City's wellness program, which would add another $375,000 to the total contract value over the 5-year term. Therefore, the estimated total contract value is approximately $3,495,000.

AI estimate from the award documents

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