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Utah Valley University·Utah

Employee Health Plan Stop Loss Insurance

Closes 4/22/2026$1M – $3MRequest for Proposal
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Description

• Provide unlimited‑lifetime‑reimbursement stop‑loss insurance (specific and aggregate) for UVU’s employee health plan. • Must cover both medical and pharmacy claims and mirror the underlying plan’s provisions. • Submit PEPM pricing via the Cost Proposal Template and answer detailed technical questions (laser handling, renewal caps, large‑claim notification, etc.). • Contract term: 1 year with up to four optional renewals; vendor must guarantee premium rates for the initial term. • Evaluation criteria include scope compliance (40 pts), cost (30 pts), experience (15 pts), financial stability (10 pts), and references (5 pts).

Attached files

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

Contact

John Richards(Contact)

[email protected]

(801) 863-8969

Key dates

Opened
4/2/2026
Questions due
4/14/2026
Closes
4/22/2026
Duration
1 year

Last updated

Details

Type
Request for Proposal
Industry
Insurance
NAICS
524113
Solicitation №
RFP-2026-1193

Budget estimate

$1,000,000 – $3,000,000

The RFP does not disclose a contract ceiling. Based on the enrollment data (~2,500 covered employees) and typical stop‑loss PEPM rates (approximately $30–$80 per employee per month), the annual premium revenue could range from about $900,000 to $2.4 million. Accounting for administrative fees and potential renewal adjustments, a realistic award value would likely fall between $1 million and $3 million over the initial one‑year term.

AI estimate from the solicitation

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