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  5. ›SPECIFIC AND AGGREGATE STOP LOSS COVERAGE

Awarded contract·City of La Porte·Texas

SPECIFIC AND AGGREGATE STOP LOSS COVERAGE

Won by Stealth Partner Group$1MSingle Award
Contract source

Awarded vendors

  • Stealth Partner Group

Description

The City of La Porte is seeking proposals for Stop Loss Coverage for a January 1, 2016 effective date. The contract was awarded to Stealth Partner Group on December 21, 2015. The scope of work includes providing stop loss coverage for the city. Key points to consider: • The contract is for a specific and aggregate stop loss coverage • The effective date of the contract is January 1, 2016 • The contract was awarded to Stealth Partner Group • The city is seeking proposals for stop loss coverage to manage its risk

Attached files

Key dates

Starts
1/1/2016

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Insurance
NAICS
524110
Solicitation №
16501

Contract value

$1,000,000

The value of the contract is not explicitly stated in the documents. However, based on the scope of work and the fact that it is a stop loss coverage contract, it is likely that the value is in the range of hundreds of thousands to millions of dollars. The city is seeking to manage its risk, and the cost of the coverage will depend on various factors such as the number of employees, the type of coverage, and the deductible. A rough estimate of the contract value could be around $500,000 to $2 million per year, depending on the specifics of the contract.

AI estimate from the award documents

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