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  5. ›Post 65 Retiree Medical and Rx Program

Awarded contract·City of North Richland Hills·Texas

Post 65 Retiree Medical and Rx Program

Won by Aetna$540kSingle Award
Contract source

Awarded vendors

  • Aetna

Description

The City of North Richland Hills is seeking a Post 65 Retiree Medical and Rx Program. The city's current post-65 retiree benefits are administered through Cigna, but they are open to other options. The contract was awarded to Aetna. The program's details, including the advantages of changing from a Medicare Surround plan, are outlined in the attached spreadsheets. • The city reserves the right to reject all bids submitted and waive technicalities for the best interest of the city. • The deadline for receipt of written questions was September 20, 2016. • The city's current post-65 retiree benefits are administered through Cigna. • The program's details, including the advantages of changing from a Medicare Surround plan, are outlined in the attached spreadsheets.

Attached files

Key dates

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Insurance
NAICS
524114
Solicitation №
16-024

Contract value

$540,000

Based on the bid tabulation, the contract value can be estimated by considering the monthly costs listed. The lowest monthly cost is $360.00, and the highest is $604.75. Assuming an average monthly cost of around $450, the annual cost would be approximately $5,400 per retiree. With the Post 65 Census 08-2016 spreadsheet likely containing the number of retirees, we can estimate the total contract value. However, without the exact number of retirees, we can only make a rough estimate. Let's assume there are around 100 retirees, which would put the total annual contract value at approximately $540,000.

AI estimate from the award documents

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