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University of Oklahoma·Oklahoma

Stop Loss - Healthcare & Medical

Closes 11/16/2026$500k – $2MRequest for Proposal
Get bids like this by emailBid source

Description

The University of Oklahoma is seeking a qualified vendor to administer its Stop‑Loss insurance program for the 2027 plan year. The vendor will be responsible for providing quoted rates for individual stop‑loss deductible caps, managing claims, delivering cost‑effective administration, and integrating with existing medical carriers, pharmacy benefit managers, HRIS, and a bundled‑payment marketplace. The solicitation requires the signing of an NDA, submission of a detailed questionnaire, and compliance with the University’s terms and conditions. • Scope includes administration of stop‑loss coverage for ~11,700 lives (active employees, COBRA participants, pre‑65 retirees). • Required deliverables: rate quotes up to $1.2 million per individual, claims processing, cost‑containment reporting, and coordination with Blue Cross & Blue Shield of Oklahoma, Rightway pharmacy, PeopleSoft HRIS, and ZERO Health marketplace. • Mandatory pre‑submission steps: return signed NDA by 27 Oct 2026 to receive census data and questionnaire; submit all required certifications, insurance compliance documentation, and signed Business Associate Agreement. • Contract period is effectively the 2027 plan year (approximately one year), with the award expected after the sealed‑bid deadline of 16 Nov 2026.

Attached files

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

Contact

Melody Carder(Lead Sourcing Specialist)

[email protected]

(405) 325-2329

Key dates

Opened
10/16/2026
Questions due
10/27/2026
Closes
11/16/2026
Duration
1 year

Last updated

Details

Type
Request for Proposal
Industry
Insurance
NAICS
524292
Solicitation №
RFP-2027-394

Budget estimate

$500,000 – $2,000,000

No contract value is disclosed. Based on industry benchmarks for third‑party administration of stop‑loss coverage (typically 0.3‑0.7% of total claims) and an estimated annual claims exposure for ~11,700 lives (roughly $5‑15 million), the administration fee could range from $500,000 to $2,000,000 for the 2027 plan year.

AI estimate from the solicitation

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