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Texas Womans University·Texas

Student Health Insurance Broker and Risk Management Services

Closes 7/28/2026$25k – $300kRequest for Proposal
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Description

Texas Woman's University is seeking proposals from responsive and responsible proposers for Student Health Insurance Broker and Risk Management Services. The university requires a broker to provide insurance and risk management services for its students. The selected proposer will be responsible for evaluating medical insurance services, negotiating rates and plan design, and providing support during transitions between carriers or administrators. The proposer must have a national presence, be professionally engaged, and have experience in managing student health insurance claims and services. • The proposer must provide evidence of financial stability and meet TWU's insurance requirements. • The proposer must have a national presence and be professionally engaged in the insurance and risk management industry. • The proposer must provide references from at least two current higher education clients and two former higher education clients. • The proposer must describe their approach to evaluating medical insurance services and plan design. • The proposer must describe their strategy for ensuring carrier-neutrality in the selection process.

Attached files

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

Contact

Sheri Reed

[email protected]

(940) 898-3591

Key dates

Opened
7/1/2026
Closes
7/28/2026

Last updated

Details

Type
Request for Proposal
Industry
Insurance
NAICS
524210
Solicitation №
RFP-731-26-012-SR

Budget estimate

$25,000 – $300,000

The budget for this opportunity is difficult to estimate, as the document does not provide a specific budget or payment amount. However, based on the scope of work, it appears that the university is seeking a comprehensive insurance brokerage service, which could involve significant premiums and fees. Considering the university's size and the complexity of the services required, a rough estimate for the annual premium could be in the range of $500,000 to $2 million, with the broker's fees potentially ranging from 5% to 15% of the premium. This would put the total budget for the broker at $25,000 to $300,000 per year, depending on the premium and fee structure. Factors that could influence the payment range include the number of students enrolled, the types of insurance coverage required, and the level of service expected from the broker.

AI estimate from the solicitation

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