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  5. ›Medical ASO and Stop Loss Insurance

Awarded contract·City of Palm Bay·Florida

Medical ASO and Stop Loss Insurance

$6MSingle Award
Contract source

Description

The City of Palm Bay is requesting proposals for Group Medical ASO, Stop Loss Insurance, and Health Savings Accounts for eligible employees, retirees, and their dependents. The contract aims to provide quality medical insurance benefits, competitive premiums, and a high-quality provider network. The City seeks proposals that meet specific objectives, including providing realistic and competitive premiums, offering a high-quality provider network, and ensuring compliance with federal and state regulations. The contract is expected to start on January 1, 2021, but the end date is not specified. • The City is seeking a vendor that can provide quality medical insurance benefits. • The vendor must be able to offer a high-quality provider network. • The City prefers national networks but will consider local or regional networks. • The vendor must be able to provide competitive premiums. • The vendor must ensure compliance with federal and state regulations.

Attached files

Key dates

Starts
1/1/2021

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Healthcare and Medical Services
NAICS
524114
Solicitation №
51-0-2020

Contract value

$6,000,000

The value of the contract is not explicitly stated, but it can be estimated based on the number of employees, retirees, and dependents covered. Assuming an average annual premium of $5,000 to $10,000 per person, and considering the City has around 800 members, the total contract value could be in the range of $4 million to $8 million per year. However, this is a rough estimate and the actual value may vary depending on various factors, including the vendor's pricing, the scope of services, and the contract duration.

AI estimate from the award documents

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