Denton Ionwave #9075 Addendum 1

City of Denton Solicits Voluntary Insurance Products for Employees and Retirees

The City of Denton, Texas, is seeking proposals for a suite of voluntary insurance products for its employees, dependents, and eligible retirees. - Government Buyer: - City of Denton, Texas (Purchasing Department) - OEMs and Vendors Mentioned: - Continental American Insurance Company (Aflac) is the current carrier for Accident, Critical Illness, and Hospital Indemnity Insurance - Products/Services Requested: - Voluntary Accident Insurance - 4-tier rate structure, 24-hour coverage, must match or enhance current benefits and rates - Voluntary Critical Illness Insurance - Attained age, tobacco distinct rate structure, must match or enhance current benefits and rates - Must comply with Texas H.B. 4144: employer-paid coverage for eligible Peace Officer and Firefighter retirees for three years post-retirement, up to $100,000 lump-sum benefit for specified conditions - Voluntary Hospital Indemnity Insurance - 4-tier rate structure, 24-hour coverage, must match or enhance current benefits and rates - Waivers for pre-existing conditions and maternity waiting periods - Example benefits: $1,000 per hospital admission, $150 per day for hospital confinement (up to 31 days), $150 per day for intensive care (up to 10 days), $75 per day for step-down unit (up to 10 days) - Pre-Paid Legal Insurance - Comprehensive voluntary offering, rate structure, covered services, limitations, and enrollment processes - Pet Insurance - Voluntary offering, plan options, pricing, claims processes, exclusions - Unique or Notable Requirements: - No loss/no gain guarantee: no participant loses or gains benefits due to carrier change - Waiver of pre-existing condition limitations and age reductions for employees and dependents - Bundled coverage for preferred pricing - Net-of-commission rates required - Robust retiree support and communication materials - Minimum enrollment of 25 for Hospital Indemnity; current eligible employees: 1,450–1,714 - Proposals must include company background, plan design, administration/implementation details, rate tables, and compliance guarantees

Description

The City of Denton is soliciting proposals for voluntary insurance products including Accident, Critical Illness, Hospital Indemnity, Pre-Paid Legal, and Pet Insurance. The contract aims to provide coverage options for part-time and full-time employees and their dependents, with a focus on maintaining or enhancing current benefit levels while ensuring cost-effectiveness. The solicitation emphasizes no loss/no gain guarantees, waivers of pre-existing conditions, and compliance with legislative requirements such as H.B. 4144 for certain retiree benefits. The contract term is three years with options to renew, and submissions must be made via IONWAVE or hard copy by July 8, 2026.

View original listing