Voluntary Benefits Service Provider
Title:  

Voluntary Benefits Service Provider

Agency:  

Texas Womans University

State:  

Texas

NAICS Code:  

524100

Industry:  

Insurance

Solicitation Type:  

Request for Proposal

Solicitation ID:  

RFP-731-25-015-JC

Open Date:  

5/22/2025

Questions Due Date:  

6/4/2025

Close Date:  

6/25/2025

Projected Award Date:  

7/10/2025

Project Duration:  

1 year

Last Updated:  

6/25/2025

Description:
Texas Woman’s University is seeking a voluntary benefits service provider to offer a comprehensive suite of employee-paid benefits to its employees. The selected provider will partner with the university to enhance its total rewards offerings, improve employee satisfaction, and support financial wellness through a range of voluntary benefit options. The provider will be expected to provide an online benefits platform, develop and execute a comprehensive employee communication strategy, and ensure responsive customer service for employees and HR staff. Some key requirements for the provider include: • Providing an online benefits platform with all attributes listed in the proposal • Developing and executing a comprehensive employee communication strategy • Assigning a dedicated account manager and support team to the account • Providing quarterly performance reviews and annual strategic planning • Ensuring compliance with all applicable laws and university policies • Maintaining high standards of data privacy and security
Attached Files:

Please visit the bid source via the “Link to Bid Source” button below for documentation.

Contact Information:

Jamie Cogdell(Procurement personnel)

jcogdell@twu.edu

(940) 898-3671

Budget Estimate (AI):

$500,000 – $2,000,000

The budget for this opportunity is likely to be substantial, given the university's large employee base and the comprehensive nature of the benefits being sought. A rough estimate for the budget could be in the range of $500,000 to $2 million per year, depending on the specific benefits and services provided. This estimate is based on the assumption that the provider will be offering a range of benefits, including accident insurance, critical illness insurance, and other voluntary benefits, and that the university will be paying a significant premium for these services.

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