Appendix B1 - LTD Price Proposal_Disability RFP 26-042-DJ.xlsx

XLSX spreadsheet 17 KB Posted

Attached to
Long Term & Short Term Disability Insurance, & Term Life
Solicitation number
RFP 680 26-042/DJ 2
Issued by
Palm Beach County, Florida

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Summary of Appendix B1 - LTD Price Proposal

This is a Long Term Disability (LTD) insurance price proposal template for Palm Beach County, Florida, issued under RFP 26-042-DJ. The proposal solicitation seeks pricing for comprehensive disability insurance coverage with multiple program tiers effective January 1, 2027. The county is requesting quotes for four primary program structures: a Basic Core Program (50% to $1,000 benefit level), an Alternative Core Program option, a Buy-Up/Upgrade Program (60% to $5,000), and a Voluntary Program (60% to $5,000), along with alternative versions of the buy-up and voluntary programs. The estimated eligible monthly payroll ranges from $6,130,000 for the core program to $6,577,200 for the buy-up program, covering approximately 3,067 employees in the core program and 1,089 in the buy-up program. Proposers must provide rate guarantees for specified periods from January 1, 2027 forward, with the county expressing a preference for multi-year rate guarantees.

Respondents must submit composite premium rates per $100 of covered payroll with corresponding estimated annual premiums for each program tier. For the current buy-up/upgrade program, the employer funds the first $4.60 per month while employees fund additional premiums; the current core standalone premium is $0.23 per $100 of covered payroll. Proposers must address whether rates include all services and materials, describe any deviations from current benefit levels, explain additional benefits offered, and confirm whether conversion notification services are provided at no cost. All proposals require certification of pricing accuracy, financial stability, non-discrimination compliance, and authorization by a company representative with printed name, title, and signature. Failure to submit completed pages with all required information and signatures will result in immediate rejection of the entire proposal.

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Appendix B1

APPENDIX B1
LONG TERM DISABILITY
PRICE PROPOSAL PAGES
RFP NO. 26-042/DJ

ALSO PROVIDED AS A SEPARATE ATTACHMENT (WORD format) ON THE

PURCHASING DEPARTMENT’S VENDOR SELF-SERVICE (VSS) SYSTEM WEBSITE:

https://pbcvssp.co.palm-beach.fl.us/webapp/vssp/AltSelfService

THE PROPOSER SHALL ANSWER ALL QUESTIONS BELOW. IT IS THE COUNTY’S PREFERENCE TO RECEIVE MULTI YEAR RATE GUARANTEES.
RESPONDING CARRIER NAME:ENTER CARRIER NAME HERE
BASIC CORE PROGRAM
50% TO $1,000
COMPOSITE RATE PER $100 OF COVERED PAYROLL$0.000
ESTIMATED “ELIGIBLE” MONTHLY PAYROLL$6,130,000
ESTIMATED NUMBER OF COVERED LIVES3,067
ESTIMATED ANNUAL PREMIUM$0
RATE IS GUARANTEED FOR MONTHS
(FROM JANUARY 1, 2027 THROUGH___________________)
ItemQuestionCarrier Response
1.Are you offering any pre-defined rate formulas or caps beyond the rate guaranteed above? (Yes/No)
1.a.If Yes, fully describe.
2.Does this rate duplicate the current benefit levels? (Yes/No)
2.a.If No, fully describe all deviations.
3.Does this rate offer additional benefits above the current benefit levels? (Yes/No)
3.a.If Yes, fully describe these benefits.
4.Is the rate inclusive of all services and materials? (Yes/No)
4.a.If No, fully describe cost.
5.Are you offering Conversion notification services for LTD at no cost?
5.a.If No, fully describe cost.
ALTERNATIVE CORE PROGRAM
50% TO $2,000
OR _______ % TO $ __________
COMPOSITE RATE PER $100 OF COVERED PAYROLL$0.000
ESTIMATED “ELIGIBLE” MONTHLY PAYROLL$0
ESTIMATED NUMBER OF COVERED LIVES0
ESTIMATED ANNUAL PREMIUM ($)$0
RATE IS GUARANTEED FOR MONTHS
(FROM JANUARY 1, 2027 THROUGH___________________)
ItemQuestionCarrier Response
1.Are you offering any pre-defined rate formulas or caps beyond the rate guaranteed above? (Yes/No)
1.a.If Yes, fully describe.
2.Fully describe all deviations from the current provisions and benefit levels.
3.Please explain how this alternative plan would benefit the County.
4.Please explain how this alternative plan would benefit employees.
5.Is the rate inclusive of all services and materials? (Yes/No)
5.a.If No, fully describe cost.
5.Are you offering Conversion notification services for LTD at no cost?
5.a.If No, fully describe cost.
BUY-UP / UPGRADE PROGRAM
60% TO $5,000
COMPOSITE RATE PER $100 OF COVERED PAYROLL$0.000
ESTIMATED “ELIGIBLE” MONTHLY PAYROLL$6,577,200
ESTIMATED NUMBER OF COVERED LIVES1,089
ESTIMATED ANNUAL PREMIUM$0
RATE IS GUARANTEED FOR MONTHS
(FROM JANUARY 1, 2027 THROUGH___________________)
Please note: The current buy-up/upgraded program premiums are $.45/100 of covered payroll (INCLUSIVE of core). Standalone premium is $.23/$100 of covered payroll. The employer funds the first $4.60 per month of buy-up/upgraded coverage to fund the core benefit and the employee funds the additional premiums.
ItemQuestionCarrier Response
1.Are you offering any pre-defined rate formulas or caps beyond the rate guaranteed above? (Yes/No)
1.a.If Yes, fully describe.
2.Does this rate duplicate the current benefit levels? (Yes/No)
2.a.If No, fully describe all deviations.
3.Does this rate offer additional benefits above the current benefit levels? (Yes/No)
3.a.If Yes, fully describe these benefits.
4.Is the rate inclusive of all services and materials? (Yes/No)
4.a.If No, fully describe cost.
5.Are you offering Conversion notification services for LTD at no cost?
5.a.If No, fully describe cost.
ALTERNATIVE BUY-UP / UPGRADE PROGRAM
60% TO $7,000 per month or other proposed alternative
OR ___________ % to $ __________ per month
COMPOSITE RATE PER $100 OF COVERED PAYROLL$0.000
ESTIMATED “ELIGIBLE” MONTHLY PAYROLL$0
ESTIMATED NUMBER OF COVERED LIVES0
ESTIMATED ANNUAL PREMIUM$0
RATE IS GUARANTEED FOR MONTHS
(FROM JANUARY 1, 2027 THROUGH___________________)
ItemQuestionCarrier Response
1.Are you offering any pre-defined rate formulas or caps beyond the rate guaranteed above? (Yes/No)
1.a.If Yes, fully describe.
2.Fully describe all deviations from the current provisions and benefit levels.
3.Please explain how this alternative plan would benefit the County.
4.Please explain how this alternative plan would benefit employees.
5.Is the rate inclusive of all services and materials? (Yes/No)
5.a.If No, fully describe cost.
6.Are you offering Conversion notification services for LTD at no cost?
6.a.If No, fully describe cost.
VOLUNTARY PROGRAM
60% TO $5,000
COMPOSITE RATE PER $100 OF COVERED PAYROLL$0.000
ESTIMATED “ELIGIBLE” MONTHLY PAYROLL$1,663,334
ESTIMATED NUMBER OF COVERED LIVES277
ESTIMATED ANNUAL PREMIUM$0
RATE IS GUARANTEED FOR MONTHS
(FROM JANUARY 1, 2027 THROUGH___________________)
ItemQuestionCarrier Response
1.Are you offering any pre-defined rate formulas or caps beyond the rate guaranteed above? (Yes/No)
1.a.If Yes, fully describe.
2.Does this rate duplicate the current benefit levels? (Yes/No)
2.a.If No, fully describe all deviations.
3.Does this rate offer additional benefits above the current benefit levels? (Yes/No)
3.a.If Yes, fully describe these benefits.
4.Is the rate inclusive of all services and materials? (Yes/No)
4.a.If No, fully describe cost.
5.Are you offering Conversion notification services for LTD at no cost?
5.a.If No, fully describe cost.
ALTERNATIVE VOLUNTARY PROGRAM
60% TO $7,000 OR OTHER PROPOSED ALTERNATIVE
OR ___________ % to $ __________ per month
COMPOSITE RATE PER $100 OF COVERED PAYROLL$0.000
ESTIMATED “ELIGIBLE” MONTHLY PAYROLL$0
ESTIMATED NUMBER OF COVERED LIVES0
ESTIMATED ANNUAL PREMIUM$0
RATE IS GUARANTEED FOR MONTHS
(FROM JANUARY 1, 2027 THROUGH___________________)
ItemQuestionCarrier Response
1.Are you offering any pre-defined rate formulas or caps beyond the rate guaranteed above? (Yes/No)
1.a.If Yes, fully describe.
2.Fully describe all deviations from the current provisions and benefit levels.
3.Please explain how this alternative plan would benefit the County.
4.Please explain how this alternative plan would benefit employees.
5.Is the rate inclusive of all services and materials? (Yes/No)
5.a.If No, fully describe cost.
6.Are you offering Conversion notification services for LTD at no cost?
6.a.If No, fully describe cost.
The Proposer certifies by signature below the following:The Proposer certifies by signature below the following:
a.This price/ing is current, accurate complete, and is presented as the Total Price/ing, including “out-of-pocket” expenses (if any), for the performance of this Contract in accordance with the Requirements/Scope of Work/Services of this RFP.
b.This Proposal is current, accurate, complete, and is presented to the County for the performance of this Contract in accordance with all the requirements as stated in this RFP.
c.The Proposal is submitted without prior understanding, agreement, or connection with any corporation, firm, or person submitting a Proposal for the same materials, services, and supplies and is, in all respects, fair and without collusion or fraud.
d.The financial stability to fully perform the terms and conditions as specified herein. The County reserves the right to request financial information from the proposer at any time during the solicitation process and in any form deemed necessary by the County.
e.The information in Section 3.3 Commercial Non-Discrimination Certification is true and correct to the best of the Proposer’s knowledge.
f.There are no legal proceedings required to be disclosed, as required by Section 3.3 Commercial Non-Discrimination, except as disclosed in Proposer's proposal, if any.
Note: Failure to certify and submit the required information, if applicable, shall deem your proposal non-responsive.Note: Failure to certify and submit the required information, if applicable, shall deem your proposal non-responsive.
IMPORTANT: FAILURE TO SUBMIT THESE PAGES, INCLUDING ALL REQUIRED INFORMATION AND SIGNATURES, WILL BE CAUSE FOR "IMMEDIATE REJECTION” OF THE ENTIRE PROPOSAL RESPONSE.
NAME (PRINT):
TITLE:
COMPANY:
ADDRESS:
CITY/STATE/ZIP:
TELEPHONE NO.
SIGNATURE:

APPENDIX B1 - LTD PRICE PROPOSAL

RFP 26-042-DJ CONFIDENTIAL AND PROPRIETARY Page &P of &N https://pbcvssp.co.palm-beach.fl.us/webapp/vssp/AltSelfService

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