Capital Metropolitan Transportation Authority Planet bids #814753

Comprehensive Employee Health Benefits Administration Services for CapMetro

The Capital Metropolitan Transportation Authority (CapMetro) in Austin, Texas, is seeking qualified firms to provide comprehensive employee health benefits administration services for approximately 625 employees. - Scope of Services: - Administration of medical, dental, and vision benefits (including embedded prescription drug coverage) - Pharmacy Benefits Management (PBM) - COBRA administration - Stop loss insurance (optional, with coverage limits at $225,000 and $250,000 per individual) - Section 125 services (Flexible Spending Account administration for ~300 employees) - Health Savings Account (HSA) administration for ~75 employees - Lifestyle account administration (potential) - Key Requirements: - Minimum five years of experience administering fully insured or self-insured health plans - Integration with CapMetro's Oracle HRIS system - Robust reporting, compliance with federal regulations, and strong customer service - Detailed implementation and transition plans - Coordination with multiple plan options (PPO, HDHP, network-based plans) - Ability to provide payments and/or reimbursement of benefit expenses - No specific OEMs or vendors are named; the opportunity is open to all qualified firms meeting the requirements. - Place of performance is CapMetro's headquarters in Austin, Texas.

Description

The Capital Metropolitan Transportation Authority is soliciting proposals from qualified firms to provide comprehensive employee health benefits administration services. The scope includes administration of medical, dental, pharmacy benefits, vision, COBRA, stop loss insurance, Section 125 services, health savings accounts, and lifestyle accounts. The contractor must have at least five years of experience managing fully insured or self-insured health plans and will collaborate with key stakeholders to implement programs aligned with the Authority's goals. Proposals may cover all or selected benefit groups.

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