North Dakota Bismarck Civic Plus #1343

Administrative Services and Stop-Loss Insurance for City of Bismarck Employee Health Plan

This opportunity involves the City of Bismarck seeking proposals for administrative services and stop-loss insurance for its self-funded employee health plan. - Government Buyer: - City of Bismarck - Products/Services Requested: - Administrative services for a self-funded employee health plan - Stop-loss insurance coverage matching the current plan design - OEMs and Vendors: - No specific OEMs or vendors are named in the solicitation - Gallagher Benefit Services is involved in the review process - Notable Requirements: - Carriers must quote stop-loss provisions that closely match the existing policy and provide alternatives as specified - Evaluation will consider both carved-in PBM models and carved-out stop-loss vendors - Primary quotes should include carved-in PBM and stop-loss, with options to carve-out if financially advantageous (including any additional fees) - Preference for carriers offering multi-year rate guarantees or caps for administration and stop-loss - Implementation credits to cover run-out costs and transition fees are encouraged - Matching the current plan design and offering financial incentives for transitions are important evaluation factors

Description

The City of Bismarck is seeking bids to match their current self-funded plan design option, focusing on comprehensive employee coverage and responsible use of public funds. Carriers are requested to quote stop-loss provisions closely matching the current policy and provide alternatives as noted in the RFP. The City, in partnership with Gallagher, will review carved-in PBM models and carved-out stop-loss vendors, preferring quotes that include carved-in PBM and Stop-Loss with options to carve-out if financially advantageous. Preference is given to carriers offering multi-year rate guarantees or caps and implementation credits to cover run-out costs and transition fees.

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