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Virginia Commonwealth University·Virginia

215269588BA - Student Health Plan

Closes 11/18/2026$2M – $10MRequest for Proposal
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Description

Virginia Commonwealth University (VCU) is seeking proposals from qualified firms to provide a comprehensive Student Health Insurance Plan. The university will consider both fully‑insured and self‑insured options, requiring firms to meet operational, performance, application, and general requirements outlined in the RFP. This contract will cover health coverage for the university’s student population and may involve plan design, administration, claims processing, and compliance with applicable regulations. • Provide a complete health insurance solution for VCU students (both fully‑insured and self‑insured options). • Must satisfy detailed operational, performance, and compliance criteria specified in the RFP. • Submission deadline is 18 Nov 2026; evaluation will focus on cost, coverage quality, and provider experience.

Attached files

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

Contact

Brandon Augustine

Key dates

Opened
10/16/2026
Closes
11/18/2026

Last updated

Details

Type
Request for Proposal
Industry
Healthcare and Medical Services
NAICS
524114
Solicitation №
RFP-130312

Budget estimate

$2,000,000 – $10,000,000

Based on typical university‑wide student health plan contracts, the award is likely to be a multi‑year, multi‑million‑dollar engagement. Assuming VCU has roughly 30,000–35,000 students and a per‑student premium of $1,500–$3,000, total annual premiums could range from $45 million to $105 million. The selected insurer’s administrative fee might be 5–10 % of premium, yielding an annual revenue for the contractor of roughly $2.3 million to $10.5 million. Therefore, a reasonable estimate for the contract value is between $2 million and $10 million.

AI estimate from the solicitation

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