Denton Ionwave #9075 Addendum 2

City of Denton Solicits Voluntary Insurance Products for Employees and Retirees

The City of Denton, Texas is seeking proposals from qualified vendors to provide a suite of voluntary insurance products for approximately 1,714 eligible employees and their dependents. - Government Buyer: - City of Denton, 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 maintain rates - Voluntary Critical Illness Insurance - Attained age and tobacco distinct rate structure, waivers for pre-existing conditions and age reductions, must match or enhance current benefits - Voluntary Hospital Indemnity Insurance - 4-tier rate structure, 24-hour coverage, waivers for pre-existing conditions and maternity waiting periods, must match or enhance current benefits - Specific benefits include: $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 legal insurance offering, including rate structure, covered services, and enrollment processes - Pet Insurance - Voluntary pet insurance with plan options, pricing, and claims processes - Critical Illness Insurance for Peace Officer and Firefighter Retirees (H.B. 4144 compliance) - Employer-paid coverage for three years post-retirement, up to $100,000 lump-sum benefit for specified conditions - Unique or Notable Requirements: - No loss/no gain guarantee for all covered employees and dependents (no reduction or increase in benefits due to carrier change) - Waivers for pre-existing conditions, age reductions, and maternity waiting periods - Compliance with Texas H.B. 4144 for retiree coverage - Proposals must include detailed company background, plan design, administration and implementation strategies, rate tables, and references - Multiple vendors may be selected; proposals may be submitted for one or more product categories - Contract Term: - Three years with options for two one-year renewals - Coverage effective for employees and dependents starting on date of hire; supplemental health plans renew annually

Description

The City of Denton is soliciting proposals for voluntary insurance products including Voluntary Accident, Critical Illness, Hospital Indemnity, Pre-Paid Legal, and Pet Insurance. The contract term is three years with options to renew for two additional one-year periods. The City seeks vendors with experience and innovative approaches to provide these insurance products to approximately 1,714 eligible employees and their dependents. Proposals must include company background, plan design, administration, rate requirements, and a no loss/no gain guarantee. The effective date for the coverage is January 1, 2027.

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