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Olmsted County·Minnesota

Olmsted County Employee Insurance Services

Closes 3/6/2026$1M – $25MRequest for Proposal
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Description

The Olmsted County is seeking Request for Proposals (RFP) from qualified insurance companies to provide Basic Life/Accidental Death and Dismemberment (AD&D), Voluntary Term Life, Long Term Disability (LTD) and Voluntary LTD insurance to employees of Olmsted County. The contract will include providing insurance services to county employees. Key aspects of the proposal include: • Providing Basic Life/Accidental Death and Dismemberment (AD&D) insurance • Providing Voluntary Term Life insurance • Providing Long Term Disability (LTD) and Voluntary LTD insurance • Possibly including Short Term Disability insurance in the contract • Meeting the specifications and requirements outlined in the RFP document

Attached files

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

Contact

Nicole Jensson(Contracts Manager)

[email protected]

(507) 328-7693

Key dates

Opened
2/13/2026
Questions due
2/24/2026
Closes
3/6/2026

Last updated

Details

Type
Request for Proposal
Industry
Insurance
NAICS
524113
Solicitation №
RFP2026-302 Addendum 1

Budget estimate

$1,000,000 – $25,000,000

The budget for this contract can be estimated based on the type and scope of insurance services required. Since the RFP involves providing insurance services to county employees, the budget will likely be in the form of premiums paid by the county to the selected insurance company. The exact budget amount is difficult to determine without knowing the number of employees, the types of insurance coverage, and the premium rates. However, a rough estimate can be made based on industry standards for similar contracts. Assuming an average annual premium per employee of $1,000 to $5,000, and considering the county may have around 1,000 to 5,000 employees, the total budget could range from $1 million to $25 million per year, depending on the actual number of employees and the premium rates. Therefore, the estimated budget range for this contract could be between $1 million and $25 million per year, with a possible total contract value of $5 million to $125 million over a 5-year period.

AI estimate from the solicitation

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