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  5. ›2026-028 Stop‑Loss Insurance For Group Health and Prescription Drug…

City of Franklin·Tennessee

2026-028 Stop‑Loss Insurance For Group Health and Prescription Drug Program

Closes 5/22/2026$500k – $2MInvitation for Bid
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Description

City of Franklin is soliciting competitive bids to provide stop‑loss insurance coverage for its group health and prescription‑drug benefit plans covering current employees and retirees. The selected insurer will assume financial risk for claims that exceed predetermined attachment points, ensuring cost containment for the municipality’s health programs. Bidders must submit the required bid forms (attributes, line‑item, and response‑attachment tabs) via the City’s e‑procurement portal or request hard‑copy forms, and must furnish standard procurement terms, confidentiality notices, indemnification agreements, and several affidavits (Title VI, Non‑Collusion, Drug‑Free Workplace). • Provide stop‑loss coverage for employee and retiree health and prescription‑drug plans. • Submit a complete bid package (Bid Submittal Form, affidavits, and required attachments) by the deadline. • Comply with City of Franklin procurement policies and Tennessee Code § 12‑4‑116. • No specific dollar ceiling disclosed; contract awarded to the lowest‑priced responsive bidder.

Attached files

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

Contact

Wesley Wright(Purchasing Manager)

(615) 550-6698

Key dates

Opened
5/11/2026
Questions due
11/5/2026
Closes
5/22/2026
Projected award
10/6/2026
Duration
1 year

Last updated

Details

Type
Invitation for Bid
Industry
Insurance
NAICS
524114
Solicitation №
2026-028

Budget estimate

$500,000 – $2,000,000

The contract will generate premium revenue for the winning insurer. Based on typical municipal stop‑loss contracts covering several thousand employees/retirees, annual premium estimates range from $0.5 million for a modest risk profile up to $2 million for higher exposure or broader coverage limits. The final amount will depend on the attachment points, coverage limits, and negotiated rates.

AI estimate from the solicitation

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