Description
Pasadena Independent School District (Pasadena ISD) is seeking competitively sealed proposals to provide Medical and Prescription (Rx) Stop‑Loss coverage for its self‑funded health plan. The contract will cover the district’s employee health plan, protecting against high‑cost claims that exceed a predetermined threshold. Vendors must submit a detailed proposal outlining coverage limits, pricing, administration processes, and compliance with applicable Texas insurance regulations. The solicitation is posted online; proposals are due by 2:00 PM on November 4, 2026. The estimated contract value is $50,000.
• Scope: Provide stop‑loss insurance (both specific and aggregate) for a self‑funded employee health plan.
• Deliverables: Policy documents, claim administration, reporting, and ongoing support.
• Requirements: Demonstrated experience in health‑plan stop‑loss coverage, Texas licensing, and ability to meet the district’s coverage limits.
• Submission: Online via Pasadena ISD eBid system; sealed proposals required.
• Evaluation: Based on coverage terms, cost, insurer’s financial strength, and compliance.