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  5. ›GROUP DENTAL INSURANCE

Awarded contract·City of Coral Gables·Florida

GROUP DENTAL INSURANCE

Won by Cigna Health and Life Insurance Company +5 more$5MMultiple Award
Contract source

Awarded vendors

  • Cigna Health and Life Insurance Company
  • Florida Combined Life Insurance Company
  • Humana Insurance Company and CompBenefits Company
  • Metropolitan Life Insurance Company
  • Solstice Benefits, Inc.
  • Standard Insurance Company

Description

The City of Coral Gables, Florida, issued a Request for Proposals (RFP) for Group Dental Insurance. The RFP was advertised on June 11, 2019, and proposals were due by July 19, 2019. The Evaluation Committee ranked the proposals, and Humana Insurance Company and CompBenefits Company was the top-ranked vendor. The contract is for fully insured quotations for the City's group dental insurance program. The scope of work includes providing dental insurance services to the City's employees, retirees, and dependents. The contract will be for a term of one year, with the option to renew for up to four years. The City reserves the right to accept or reject any and/or all proposals or sections thereof, and waive any informalities or technicalities at any time during the RFP solicitation process. • The RFP was issued on June 11, 2019, and proposals were due by July 19, 2019. • The Evaluation Committee ranked the proposals based on experience and qualifications, proposed approach and methodology, past performance and references, and overall cost. • Humana Insurance Company and CompBenefits Company was the top-ranked vendor. • The contract is for fully insured quotations for the City's group dental insurance program. • The scope of work includes providing dental insurance services to the City's employees, retirees, and dependents. • The contract will be for a term of one year, with the option to renew for up to four years.

Attached files

Key dates

Last updated

Details

Award type
Multiple Award
Procurement
Full and Open Competition
Industry
Insurance
NAICS
524114
Solicitation №
2019-020

Contract value

$5,000,000

The contract value is not explicitly stated in the document. However, based on the fact that the contract is for fully insured quotations for the City's group dental insurance program, and considering the number of employees, retirees, and dependents, the contract value could be estimated to be in the range of $500,000 to $2,000,000 per year, depending on the premium rates and the number of participants. The total contract value for a term of one year, with the option to renew for up to four years, could be estimated to be in the range of $2,000,000 to $8,000,000.

AI estimate from the award documents

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