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City of Cincinnati·Ohio

Health Benefits for Retirees

Closes 2/20/2024$5M – $20MRequest for Proposal
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Description

The City of Cincinnati is seeking proposals to design, administer, and finance retiree health‑benefit programs for its pre‑65 retired employees. The scope includes third‑party administration of a self‑insured medical plan, a pharmacy‑benefits management (PBM) solution, fully‑insured dental coverage, and optional pharmacogenomic testing services. Offerors must provide detailed cost proposals, performance guarantees, data‑management and reporting capabilities, and must operate on a net‑of‑commission basis while meeting “A”‑plus financial‑rating requirements. • Medical TPA services for a self‑insured plan (plan design, underwriting, member‑service, reporting). • Pharmacy Benefits Management with 100 % pass‑through pricing and generic‑first formulary. • Fully‑insured dental plan administration with multiple plan options. • Optional pharmacogenomic testing program with cost‑value weighting. • Required annual data‑management fee (minimum $90 K) and performance guarantees for a five‑year contract (2025‑2029) with possible extensions.

Attached files

The solicitation documents live at the source — open the bid source above to download them.

Contact

Bethany Pritchard(Buyer)

[email protected]

Key dates

Opened
12/26/2023
Questions due
1/17/2024
Closes
2/20/2024
Duration
5 years

Last updated

Details

Type
Request for Proposal
Industry
Insurance
NAICS
524292
Solicitation №
RFP033_2024

Budget estimate

$5,000,000 – $20,000,000

The solicitation does not disclose a total contract value, but based on typical municipal retiree‑benefit contracts for a city the size of Cincinnati (population ~300K) and the five‑year term, a reasonable estimate would be between $5 million and $20 million overall (roughly $1 M–$4 M per year). This range reflects the need to cover medical TPA fees, PBM administration, dental premiums, data‑management fees, performance guarantees, and optional testing services.

AI estimate from the solicitation

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