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  5. ›RFP 2022-105 Insurance Broker Agency Services for OKHEEI

Southwestern Oklahoma State University·Oklahoma

RFP 2022-105 Insurance Broker Agency Services for OKHEEI

Closes 4/15/2022$100k – $500kRequest for Proposal
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Description

The Oklahoma Higher Education Employees Insurance Group (OKHEEI) is seeking an independent insurance broker/agency to provide full‑service benefit consulting and brokerage for its self‑insured health, dental, pharmacy, and ancillary plans covering roughly 3,300 active members and pre‑65 retirees, with additional supplemental coverage for post‑65 retirees. The broker will negotiate renewals, conduct regional provider analyses, deliver data‑driven reporting, ensure legislative compliance, and disclose any commissions on ancillary products. The contract will be evaluated on ten equally weighted criteria and is subject to an annual review. • Provide comprehensive consulting, renewal negotiations, and ongoing account management for OKHEEI’s health‑benefit program. • Deliver data analytics, cost projections, and legislative impact assessments. • Manage ancillary benefits (vision, dental, life, AD&D) and disclose all commissions. • Must be an independent, Oklahoma‑licensed broker with E‑Verify compliance and professional liability coverage. • Contract value expected to exceed $50 K, requiring a performance bond.

Attached files

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

Contact

Brenda Burgess(Vice President for Academic & Financial Affairs)

[email protected]

Key dates

Opened
3/14/2022
Questions due
4/1/2022
Closes
4/15/2022
Projected award
5/9/2022
Duration
1 year

Last updated

Details

Type
Request for Proposal
Industry
Insurance
NAICS
524210
Solicitation №
RFP 2022-105

Budget estimate

$100,000 – $500,000

No specific contract value is disclosed, but the RFP notes a performance‑bond threshold of $50 K, indicating the award will likely exceed that amount. Considering the scope—comprehensive benefit consulting, data analytics, legislative monitoring, and ancillary‑product management for a consortium of 12 institutions—the total fee could range from a low‑six‑figure retainer plus commissions to a mid‑six‑figure annual contract. Therefore, a reasonable estimate is $100,000 to $500,000 for the initial contract year, with potential increases for renewals or expanded services.

AI estimate from the solicitation

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