Health Insurance Broker and Risk Management Services

The Denton County Transportation Authority in Denton, Texas, is seeking a vendor to provide health insurance broker and risk management services. The agency needs to implement and market a student health insurance program to secure optimal coverage terms, services, and premiums. This initiative requires the selected broker to assemble agency data into marketing submissions, solicit quotes, and negotiate with insurance carriers. The scope of work covers the creation of a comprehensive implementation action plan with a timeline for major yearly milestones. The broker must provide frequent status updates on placement actions and deliver an executive summary with the proposal package to allow quick comparison of carrier coverage options and pricing. Ongoing administrative duties include verifying the accuracy of rates, premiums, bills, audits, and adjustments, as well as providing insurance binders, certificates, and policies within twenty-four hours of a request. The broker must also deliver quarterly loss run reports for each policy and obtain documentation confirming that premiums are net of commissions if policies are placed on a fee basis. Eligible bidders must perform all work onsite and must be located onshore within the United States. The agency will accept digital proposal submissions via email or through their online portal. The agency is looking for proposals to determine the budget, and the resulting contract will span a period of one year. Bidders must submit all questions regarding this opportunity no later than July 17, 2026.