Basic Life and AD&D, Long Term Disability, Supplemental Life and Supplemental AD&D Program Administration

This contract awards Washington County Public Schools the administration of its group insurance programs—including basic life, accidental death & dismemberment (AD&D), supplemental life/AD&D, and long‑term disability (LTD)—to The Standard Insurance Company. The agency evaluated multiple bidders (MetLife, Securian, and a combined MetLife‑Securian team) using weighted criteria such as organizational capability, financial strength, plan design, and claims management. The Standard’s bid achieved the highest score (98.39 %) and was selected. Financial analysis shows the current annual premium baseline of $996,073, with the award’s best‑and‑final total premium projected at $910,706—a reduction of roughly 8.6 %. Additional contractual terms include a 5 % performance guarantee on quarterly expenses and a one‑time $30,000 implementation credit. The scope of work encompasses full program administration, online benefit toolkits, family benefit packages, travel assistance, employee assistance programs, and disability‑management services. • Scope: Administration of basic and supplemental life/AD&D, plus LTD, for a K‑12 school district. • Evaluation: Multi‑criteria scoring; The Standard received the highest average score (98.39 %). • Financials: Current premium $996k; awarded premium $910k (≈8.6 % savings). • Terms: 5 % quarterly performance guarantee; $30k implementation credit. • Services: Benefit portals, education assistance, child‑care reimbursement, 24/7 emergency assistance, and disability‑return‑to‑work programs.