Sound Transit Biddingo #RP 0051-24

Sound Transit Solicits Healthcare Broker Services for Employee Benefits

Sound Transit, the Central Puget Sound Regional Transit Authority, is seeking proposals for comprehensive Healthcare Broker Services to support its employee benefits program. - Government Buyer: - Sound Transit (Central Puget Sound Regional Transit Authority) - Office of the Sr. Contracts Specialist - Services Requested: - Healthcare broker and advisory services for employee benefit plans (medical, dental, vision, life, disability, and ancillary benefits) - Coverage for approximately 1,370 active employees, with monthly service tiers ranging from 900 to 1,700 employees - Single consolidated billing services for multiple benefits providers - Annual issuance of identification/contact cards for employees - COBRA administration support, including set-up, renewal, and active participant management - Compliance monitoring with healthcare laws and regulations - Benefits renewal negotiation and communication support - Notable Requirements: - Ability to provide consolidated billing across multiple healthcare carriers - Expertise in COBRA administration and compliance - Support for a growing workforce with scalable service tiers - No specific OEMs or vendors are named; opportunity is open to all qualified healthcare brokerage firms - Contract Structure: - Initial term of three years, with two optional three-year extensions (up to nine years total)

Description

Sound Transit is soliciting proposals from firms to assist in developing and planning a long-range healthcare insurance program strategy. The contract term is three years with two optional three-year extensions, totaling up to nine years. The scope of work includes healthcare broker services as detailed in Exhibit B of the RFP. Proposals are due by June 5, 2024, at 1:00 PM Pacific Time, and a pre-proposal meeting is scheduled for May 20, 2024, via Microsoft Teams.

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