AttD.Cost-Reply.xlsx
XLSX spreadsheet 113 KB Posted
- Attached to
- DMS-2425-232 (Group Term Life Insurance)
- Solicitation number
- ITN-11871
- Issued by
- Leon County, Florida
About this file
This document is a Cost Reply Excel spreadsheet (AttD.Cost-Reply.xlsx) for the State of Florida's Department of Management Services (DMS), Division of State Group Insurance (DSGI), related to Invitation to Negotiate (ITN) No. DMS-24/25-232 for Group Term Life Insurance. The solicitation seeks a vendor to provide comprehensive life insurance coverage for approximately 345,037 members, including active full-time and OPS employees, vested legislators, retired employees, and their dependents. The contract has an anticipated implementation date of January 1, 2026, with an initial four-year term and potential for up to four additional one-year renewals. The Cost Reply document requires respondents to provide detailed premium rates per $1,000 per month across six different coverage categories: basic group term life for active employees, vested legislators, retired employees, spouse life insurance, dependent child life insurance, and optional group term life insurance.
The Cost Reply spreadsheet outlines specific enrollment estimates and requires rate submissions for initial (years 1-4) and renewal (years 5-8) terms, with coverage options ranging from $2,500 to $150,000 depending on the employee category. The optional term life insurance allows coverage from 1 to 7 times annual earnings, up to a $1 million maximum. Estimated annual enrollments vary by category, with active employees representing the largest group at 153,145 participants. The document includes an optional Tab D8 for respondents to propose supplementary benefits and services, with rates to be provided on a Per Member Per Month (PMPM) basis. The pricing structure is designed to capture comprehensive cost details across multiple employee and dependent life insurance options, supporting the State of Florida's goal of securing a robust group term life insurance provider.
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Text version
D1 General Instructions
| Instructions |
| Provide a rate in each yellow shaded cell in Tabs 2 through 7 for the initial and renewal terms. The Respondent's rates shall be to the third decimal place. The initial term rates are for years one (1) through four (4) and shall be the same rate for each initial term year. The renewal rates are for years five (5) through eight (8), and may be a different rate for each renewal term year. Tab D8 is an optional section where the Respondent can offer supplementary services and their corresponding rates provided by your company. |
&G &"-,Bold"Attachment D - Cost Reply
D1: GENERAL INSTRUCTIONS
DMS-24/25-232
Group Term Life Insurance &P of &N
D2 Eligible Employees
| Respondent's Legal Name |
| Primary Contact |
| Financial Reply Contact (if different) |
| Financial Reply Contact email |
Basic Group Term Life Insurance Coverage for Eligible Employees
| Life Insurance Benefit | $ 25,000.00 | |
| Equal to life insurance benefit | ||
| Eligibility | Active Full-Time and OPS Employees | Rate per $1,000 per Month |
| Estimated Annual Enrollment1 | 153,145 | Years | Premium Rate | |
| Initial 4 | 1 to 4 | |||
| Year Term |
| Renewal | 5 | |
| Terms | 6 | |
| 7 | ||
| 8 | ||
| 1Enrollment as of January 2024. |
&G &"-,Bold"Attachment D - Cost Reply
D2: BASIC GROUP TERM INSURANCE COVERAGE FOR ELIGIBLE EMPLOYEES
Group Term Life Insurance &P of &N
D3 Vested Legislator Basic Term Life Insurance Coverage for Vested Legislators
| Life Insurance Benefit | $ 150,000.00 | Rate per $1,000 per Month | ||
| Equal to life insurance benefit | ||||
| Eligibility | Vested Legislators | Years | Premium Rate | |
| Estimated Annual Enrollment1 | 138 | Initial 4 | 1 to 4 | |
| Year Term | ||||
| 5 | ||||
| Renewal | 6 | |||
| Terms | 7 | |||
| 8 | ||||
| 1Enrollment as of January 2024. |
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Comment:
@Seale, Zoe Should this be 2024?
Reply:
@Guerra, Christina I updated it to January 2024. There were not changes in the enrollment numbers though.
&G &"-,Bold"Attachment D - Cost Reply
D3: BASIC TERM LIFE INSURANCE COVERAGE FOR VESTED LEGISLATORS
Group Term Life Insurance &P of &N
D4 Retired Employees
| Basic Term Life Insurance Coverage for Retired Employees | |
| Benefit | Options of $2,500 or $10,000 |
Eligibility Retired Employees (must stay continuously covered)
Estimated Annual Enrollment1 12,334 Estimated Annual Enrollment1 16,397
| $2,500 Coverage | $10,000 Coverage | ||||
| Rate Per $1,000 Month | Rate Per $1,000 Month | ||||
| Year | Preium Rate | Year | Premium Rate | ||
| Initial 4 | Initial 4 | ||||
| Year Term | 1 to 4 | Year Term | 1 to 4 | ||
| 5 | 5 | ||||
| Renewal | 6 | Renewal | 6 | ||
| Terms | 7 | Terms | 7 | ||
| 8 | 8 | ||||
| 1Enrollment as of January 2024. |
&G &"-,Bold"Attachment D - Cost Reply
D4: BASIC TERM LIFE INSURANCE COVERAGE FOR RETIRED EMPLOYEES
Group Term Life Insurance &P of &N
D5 Spouses Spouse Term Life Insurance Coverage
Benefit Options of $15,000 or $20,000
Eligibility Spouses of Eligible Employees and Vested Legislators
Estimated Annual Enrollment1 2,838 Estimated Annual Enrollment1 11,090
| $15,000 Coverage | $20,000 Coverage | ||||
| Rate Per $1,000 Month | Rate Per $1,000 Month | ||||
| Year | Preium Rate | Year | Premium Rate | ||
| Initial 4 | Initial 4 | ||||
| Year Term | 1 to 4 | Year Term | 1 to 4 | ||
| 5 | 5 | ||||
| Renewal | 6 | Renewal | 6 | ||
| Terms | 7 | Terms | 7 | ||
| 8 | 8 | ||||
| 1Enrollment as of January 2024. |
&G &"-,Bold"Attachment D - Cost Reply
D5: SPOUSE TERM LIFE INSURANCE COVERAGE
Group Term Life Insurance &P of &N
D6 Dependent Child Dependent Child Term Life Insurance Coverage
| Benefit | $10,000 | Rate Per $1,000 Month (covers all children in a family) | ||
| Eligibility | Dependent Children of Eligible | |||
| Employees and Vested Legislators | Year | Premium Rate | ||
| Estimated Annual Enrollment1 | 24,441 | Initial 4 | ||
| Year Term | 1 to 4 | |||
| 5 | ||||
| Renewal | 6 | |||
| Terms | 7 | |||
| 8 | ||||
| 1Enrollment as of January 2024. |
&G &"-,Bold"Attachment D - Cost Reply
D6: DEPENDENT CHILD TERM LIFE INSURANCE COVERAGE
Group Term Life Insurance &P of &N
D7 Optional Group Term Life
| Optional Term Life Insurance Coverage for Active Employees | |
| Multiple of 1 to 7 times annual earnings up to $1 million maximum | |
| Life Insurance Benefit: | Equal to life insurance benefit |
Eligibility: Active Full-Time, Part-Time Employees
Estimated Annual Enrollment: 39,222
| Initial Term - Years 1 to 4 | Premium Rate | |
| Rate per $1,000 | ||
| Active Employees | Estimated | |
| Enrollment1 | ||
| < 30 | 2,033 | |
| 30 - 34 | 2,841 | |
| 35 - 39 | 4,243 | |
| 40 - 44 | 5,447 | |
| 45 - 49 | 5,835 | |
| 50 - 54 | 6,649 | |
| 55 - 59 | 5,896 | |
| 60 - 64 | 4,088 | |
| 65 - 69 | 1,501 | |
| ≥70 | 462 | |
| Renewal Term - Year 5 | Premium Rate | |
| Rate per $1,000 | ||
| Active Employees | Estimated | |
| Enrollment1 | ||
| < 30 | 2,033 | |
| 30 - 34 | 2,841 | |
| 35 - 39 | 4,243 | |
| 40 - 44 | 5,447 | |
| 45 - 49 | 5,835 | |
| 50 - 54 | 6,649 | |
| 55 - 59 | 5,896 | |
| 60 - 64 | 4,088 | |
| 65 - 69 | 1,501 | |
| ≥70 | 462 | |
| Renewal Term - Year 6 | Premium Rate | |
| Rate per $1,000 | ||
| Active Employees | Estimated | |
| Enrollment1 | ||
| < 30 | 2,033 | |
| 30 - 34 | 2,841 | |
| 35 - 39 | 4,243 | |
| 40 - 44 | 5,447 | |
| 45 - 49 | 5,835 | |
| 50 - 54 | 6,649 | |
| 55 - 59 | 5,896 | |
| 60 - 64 | 4,088 | |
| 65 - 69 | 1,501 | |
| ≥70 | 462 | |
| Renewal Term - Year 7 | Premium Rate | |
| Rate per $1,000 | ||
| Active Employees | Estimated | |
| Enrollment1 | ||
| < 30 | 2,033 | |
| 30 - 34 | 2,841 | |
| 35 - 39 | 4,243 | |
| 40 - 44 | 5,447 | |
| 45 - 49 | 5,835 | |
| 50 - 54 | 6,649 | |
| 55 - 59 | 5,896 | |
| 60 - 64 | 4,088 | |
| 65 - 69 | 1,501 | |
| ≥70 | 462 | |
| Renewal Term - Year 8 | Premium Rate | |
| Rate per $1,000 | ||
| Active Employees | Estimated | |
| Enrollment1 | ||
| < 30 | 2,033 | |
| 30 - 34 | 2,841 | |
| 35 - 39 | 4,243 | |
| 40 - 44 | 5,447 | |
| 45 - 49 | 5,835 | |
| 50 - 54 | 6,649 | |
| 55 - 59 | 5,896 | |
| 60 - 64 | 4,088 | |
| 65 - 69 | 1,501 | |
| ≥70 | 462 | |
| 1Enrollment as of January 2024. |
&G &"-,Bold"Attachment D - Cost Reply
D7: OPTIONAL GROUP TERM LIFE
Group Term Life Insurance &P of &N
D8 Supplementals
| ■ This tab provides an opportunity for the Respondent to propose information about supplementary benefits and services for consideration by the State of Florida. |
| ■ Fees must be provided for an initial four year contract (entirety of 2025 - 2028) plus up to four optional one year renewals (occurring in 2029, 2030 and 2031). |
Instructions: Please specify the supplemental benefits and services in the Description of Service/Benefit field. Include rates in terms of Per Member Per Month (PMPM) and, if applicable, provide the annual rate.
Description of Benefit Premium Rate Initial Term (1 to 4) Premium Rate Renewal Term 5 Premium Rate Renewal Term 6 Premium Rate Renewal Term 7 Premium Rate Renewal Term 8 Annual Rate
&G &"-,Bold"Attachment D - Cost Reply
D8: SUPPLEMENTAL BENEFITS AND SERVICES (OPTIONAL)
Group Term Life Insurance &P of &N image1.png
File details come from the government source that posted it. Updated .