Denton Ionwave #9075 Addendum 3

City of Denton Solicits Voluntary Insurance Products for Employees and Retirees

The City of Denton, Texas is seeking proposals from qualified firms to provide a comprehensive suite of voluntary insurance products for its employees and eligible dependents. - Government Buyer: - City of Denton, Texas - OEMs and Vendors Mentioned: - Continental American Insurance Company (Aflac) (current provider for Accident, Critical Illness, and Hospital Indemnity) - Products/Services Requested: - Voluntary Accident Insurance - 24-hour coverage, 4-tier rate structure, must match or enhance current benefits and rates - Voluntary Critical Illness Insurance - Attained age, tobacco distinct rates, must match or enhance current benefits, comply with Texas H.B. 4144 for Peace Officer and Firefighter retirees, waive pre-existing and age reductions - Voluntary Hospital Indemnity Insurance - 4-tier rate structure, 24-hour coverage, must match or enhance current benefits, waive pre-existing and maternity waiting periods, include complications of pregnancy - Current plan includes $1,000 per hospital admission, $150 per day for hospital confinement (up to 31 days), and additional intensive care benefits - Pre-Paid Legal Insurance - Comprehensive new voluntary offering, must include rate structure, covered services, and enrollment processes - Pet Insurance - Comprehensive new voluntary offering, must include plan options, pricing, claims processes, and exclusions - Unique or Notable Requirements: - No loss/no gain guarantee for covered individuals - Waiver of pre-existing condition limitations and age reductions - Net of commissions pricing - Employer-paid Critical Illness coverage for eligible Peace Officer and Firefighter retirees (per H.B. 4144) - Ability to support streamlined administration and communication for a large municipal workforce - Proposals may be for one or more product categories - Minimum enrollment for Hospital Indemnity is 25 employees; current eligible population is approximately 1,450–1,714 employees - Optional riders for dependent spouse and children for Hospital Indemnity - The City will consider interlocal cooperative agreements and state/federal contracts in its evaluation

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 solicitation seeks firms with experience in providing these insurance products, capable of offering innovative and cost-effective solutions. Proposals should match or enhance current benefits, maintain or improve rates, and ensure no loss or gain of benefits for covered employees and dependents. The effective date for the contract is January 1, 2027.

View original listing