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City of Cincinnati·Ohio

Retirement Vision Insurance

Closes 6/12/2025$400k – $800kRequest for Proposal
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Description

The City of Cincinnati is seeking a qualified vision‑insurance carrier to administer a voluntary vision‑benefit plan for the Cincinnati Retirement System’s retirees (approximately 2,795 members) and their dependents, effective January 1 2026. The contract includes a core vision plan and an optional “buy‑up” tier, with requirements for 24‑hour data upload turnaround, detailed quarterly and ad‑hoc reporting, dedicated account management, and a 3‑year rate‑guarantee (with a possible 1‑year extension). The vendor must be an A‑rated insurance carrier, licensed in Ohio, Kentucky, and Indiana, and capable of serving members nationwide. • Provide full vision‑benefit administration (enrollment, claims processing, network management, member communications). • Deliver comprehensive utilization and cost‑savings reports on a quarterly, annual, and on‑demand basis. • Meet performance guarantees, including a 3‑year rate guarantee and a mandatory transition start on Jan 1 2026. • No MBE/WBE set‑aside goals, but diversity information is required for evaluation.

Attached files

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

Contact

Maria Gadomski(Buyer)

[email protected]

Key dates

Opened
5/15/2025
Questions due
5/23/2025
Closes
6/12/2025
Projected award
1/1/2026
Duration
5 years

Last updated

Details

Type
Request for Proposal
Industry
Insurance
NAICS
524113
Solicitation №
RFP255X901065

Budget estimate

$400,000 – $800,000

Based on the disclosed per‑member monthly rates (average ≈ $5‑$7) and the current enrollment of roughly 2,795 retirees and dependents, the annual premium cost is estimated around $110,000‑$130,000. Over the base 5‑year contract term, total revenue to the carrier would likely fall between $550,000 and $650,000, with potential upside if a “buy‑up” option is adopted or if enrollment grows. Therefore a reasonable budget range for the contract is $400,000‑$800,000, accounting for administrative fees, rate‑guarantee adjustments, and possible extensions.

AI estimate from the solicitation

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