120084 O5 Cost Proposal.xlsx

This is a cost proposal spreadsheet template from the State of Nebraska for RFP 120084 O5 for Short Term Disability (STD) and Long Term Disability (LTD) Insurance Plan Options. The document requires bidders to submit premium rates for both STD and LTD coverage across multiple age bands, with rates to remain fixed for the first two years of the contract, followed by three optional renewal periods.

The pricing structure specifies that monthly premiums must be evenly divisible by two to accommodate payroll deductions, with any non-conforming amounts automatically reduced to the nearest lower amount that is divisible by two for scoring purposes. The STD rates are calculated per $10 of weekly benefit for 60% of basic gross monthly pay with first-day accident and eighth-day illness coverage, while LTD rates are calculated per $100 of monthly covered payroll with a six-month elimination period. Price increases after the initial two-year period are capped at 4% per period and must be requested in writing at least 120 days before the end of the current contract period.