Louisiana Procurement and Contract Network #50012-656-27

Participant Accident and International Student-Athlete Health Insurance for Louisiana Tech University Athletics

Louisiana Tech University is seeking bids for comprehensive participant accident and health insurance coverage for its intercollegiate athletics program. - Government Buyer: - Louisiana Tech University Office of Purchasing - OEMs and Vendors: - Current provider for Component #1 is Mutual of Omaha Insurance Company (as reference) - No specific OEMs or insurance providers mandated; open to all qualified insurers - Products/Services Requested: - Component #1: Secondary accident insurance for all student-athletes (approx. 352 athletes) - $90,000 accident medical expense benefit per injury - $10,000 accidental death and dismemberment benefit - No deductible per injury; $500,000 aggregate deductible (based on loss history) - Administrative fees, aggregate deductible, and stop loss premium to be quoted - Coverage includes dental, physiotherapy, durable medical equipment, outpatient prescriptions, and more - Claims coverage period: up to 104 weeks from date of injury - Component #2: International student-athlete health insurance (approx. 40 athletes) - Minimum $100,000 medical benefit per accident/illness - Deductible not to exceed $1,000 - Medical evacuation up to $50,000; repatriation up to $25,000 - Minimum $10,000 benefit per athletic injury - Coverage includes maternity, newborns, physiotherapy, and standard health benefits - Premiums quoted by age group per academic term (22 and under, 23-26, 27-30) - 12-month coverage per year, with continuation options - Unique/Notable Requirements: - Single award to lowest aggregate bid - Bid bond of $25,000 required - Firm pricing for at least 30 days - Sealed bid submission only - Detailed claims handling and policy exclusions specified - Option to renew for two additional one-year periods

Description

This solicitation is for participant accident coverage specifically for intercollegiate athletics at Louisiana Tech University. The contract will cover the period from August 1, 2026, to June 30, 2027, with an option to renew for two additional one-year periods if mutually agreed upon. The coverage includes two components: secondary insurance for all student-athletes on an aggregate deductible platform and international student-athlete health insurance. Vendors are required to submit a bid bond of 5% of $500,000 ($25,000). Bids must be sealed and submitted by July 23, 2026, at 2:00 PM Central Time.

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