Guilford County NC MUNIS #20034

Award for Benefits Consulting and Broker Services for Guilford County, NC

Guilford County, North Carolina has awarded a contract for Benefits Consulting and Broker Services to support its employee health and welfare programs. - Government Buyer: - Guilford County Purchasing Department, Greensboro, NC - Awarded Vendor: - USI - Products/Services Requested: - Benefits Consulting and Broker Services - Administration, management, and implementation of Health and Welfare Benefits (Medical, Dental, Vision) - Wellness programs - Income Protection Benefits (Life Insurance, Supplemental Life, Long Term Care, Disability) - Voluntary Benefits (Critical Illness Insurance, Accident Insurance, Hospital Indemnity plans) - Strategic consulting, plan design recommendations, data analysis, wellness program support, and automation of benefits administration - Stop-loss reinsurance bidding and regulatory compliance guidance - Unique or Notable Requirements: - County maintains a self-funded medical plan with stop loss coverage (currently provided by United Healthcare) - Approximately 5,400 covered lives across various plans - Focus on enhancing voluntary benefit offerings and administrative capabilities - MWBE participation, specific insurance coverage, and compliance with federal and state regulations - Period of Performance: - Initial three-year term with options for two additional one-year renewals (up to five years total) - Place of Performance: - Guilford County Purchasing Department, BB&T Building, Suite 304, 201 West Market Street, Greensboro, NC 27401

Description

Guilford County is soliciting proposals from qualified firms to provide expertise in the administration, management, and implementation of Health and Welfare Benefits including Medical, Dental, Vision, Wellness programs, Income Protection Benefits such as Life Insurance, Supplemental Life, Long Term Care, Disability (STD/LTD), and Voluntary Benefits like Critical Illness Insurance, Accident Insurance, and Hospital Indemnity plans. The contract is intended to be a consultant/broker arrangement to maximize the value of voluntary benefit offerings and mitigate consulting/administrative fees. The County maintains a self-funded medical plan with stop loss coverage and seeks to enhance administrative capabilities and voluntary benefit offerings. The initial contract term is three years with options to renew for two additional one-year periods, totaling up to five years.

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