Stop Loss Coverage for Self Funded Health Plan Service
- Client
- City of Sarasota
- RFP Number
- INSU-6596
- Posted
- 10/9/2026
- Category
- Insurance Services
- Budget
- Looking for Proposals
- NAICS
- —
- Set-aside
- —
- Contact
- —
Description
AI GeneratedThe City of Sarasota requires stop loss coverage for its self-funded health plan covering approximately 747 employees and 265 retirees, excluding Medicare-eligible retirees. The requested scope entails offsite performance for medical and prescription coverage on a 24/12 contract basis starting January 1, 2027. Terms must include $250,000 ISL and $275,000 ISL options, aggregate coverage with a 125% corridor, a 50% rate cap, an NNL provision, and a specific advance rider quoted net of commissions. Only onshore USA organizations are eligible to bid. Proposers must submit questions by October 15, 2026, at 5:00 pm EST, and email final proposals to [email protected] by October 21, 2026, at 5:00 pm EST. The City and Brown & Brown will evaluate proposals based on proposed rates, proposed terms and conditions, and responses to the questionnaire.
Key solicitation details
AI-extracted from Stop_Loss_Coverage_for_Self_Funded_Health_Plan.pdf. Confirm against the original documents before bidding.
The City of Sarasota is seeking proposals for stop loss coverage for its self-funded health plan covering approximately 747 employees and 265 retirees. The coverage includes medical and Rx benefits on a 24/12 contract basis starting January 1, 2027. USA-based organizations are eligible to submit proposals.
- Issued by
- City of Sarasota
- Solicitation Release Date
- October 8, 2026
- Question Submission Deadline
- October 15, 2026, 5:00pm
- Response Deadline
- October 21, 2026, 5:00pm EST
- Contract Effective Date
- January 1, 2027
- How to submit
- Submission details
- Proposers are directed to submit their proposals via email on or before October 21, 2026 at 5:00pm EST.
- Contract term
- 24/12 contract basis starting January 1, 2027
- Place of performance
- Offsite
How proposals are evaluated
| proposed rates | |
| terms & conditions proposed | |
| responses to questionnaire |
Scope of work
- 24/12 contract basis stop loss coverage
- Medical and Rx coverage
- $250,000 ISL and $275,000 ISL options
- Aggregate coverage with 125% corridor
- Rate Cap 50%
- NNL Provision
- Spec Advance Rider
Minimum qualifications
- Onshore (USA Organization Only)
Documents to include with the bid
- Proposal response
- Responses to questionnaire
Verify important details
Document checkConfirm submission instructions and amendments with the issuing agency before responding.
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