GENERAL NOTICE: Employee Stop-Loss Insurance

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Title:  

GENERAL NOTICE: Employee Stop-Loss Insurance

Agency:  

Illinois THA - Toll Highway Authority

State:  

Illinois

NAICS Code:  

5241

Industry:  

Insurance

Solicitation Type:  

Invitation for Bid

Solicitation ID:  

25-557THA-FINAN-B-47685

Open Date:  

7/9/2025

Close Date:  

7/31/2025

Project Duration:  

1 years

Last Updated:  

7/31/2025

Description:
The Illinois Tollway is seeking a vendor to provide Employee Stop-Loss Insurance coverage, which is designed to protect the Tollway from high claim costs under the Employee Benefits Program. The coverage reimburses the Tollway for claims that exceed a specified threshold for an individual, effectively limiting exposure to large claims under the medical program. The contract term is for one year, from 03/01/2025 to 02/28/2026, and the estimated contract value is $1,195,889.00. • The contract was awarded to Wellpoint Life and Health Insurance Company. • The contract term is for one year, with an option for renewal. • The estimated contract value is $1,195,889.00. • The coverage is designed to protect the Tollway from high claim costs under the Employee Benefits Program. • The contract was procured through the Invitation for Bid Process.
Attached Files:

Please visit the bid source via the “Link to Bid Source” button below for documentation.

Contact Information:

Cheryl Heinz

cheinz@getipass.com

(630) 371-8302

Budget Estimate (AI):

$1,000,000 – $1,500,000

The estimated budget for this contract is $1,195,889.00, which is the value of the policy for a one-year term. This amount is mentioned in the document as the total award amount. The budget is likely to be a one-time payment, and the vendor will be required to provide the insurance coverage for the specified term. The factors that may influence the likely payment range include the scope of work, the term of the contract, and the requirements of the insurance coverage.

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