Third Party Administration Services of Medical Insurance

The agency is seeking third-party administration services for its employee and retiree medical insurance. This includes managing self-funded medical plans, fully insured dental plans, and vision plans. The services also encompass a retiree Medicare supplement plan and stop-loss coverage. The scope of work involves assisting the agency in securing competitive pricing for these benefits. The vendor will provide analysis of costs, premiums, and COBRA calculations, and furnish information for collective bargaining unit negotiations. The agency also requires assistance in preparing and completing plan documents and summary plan descriptions. The vendor will support the resolution of claims and administrative issues, including assisting employees with complex claim matters. Development of employee benefits booklets with all plan updates is also requested. Quarterly administrative meetings are required to review and evaluate benefits, along with comprehensive annual reporting. This annual reporting must include plan performance, cost containment recommendations, and a strategic planning review. Eligibility for this opportunity is restricted to onshore organizations located within the USA. The performance of the work will be conducted offsite, at the vendor's office premises. The agency is looking for proposals from qualified vendors.