Detailed_Cost_Summary.xlsx

XLSX spreadsheet 19 KB Posted

Attached to
Insurance, Group Life and Disability
Solicitation number
RFP- 26 - 338
Issued by
Pinellas County, Florida

About this file

This is a Detailed Cost Summary form submitted in response to RFP #7726 issued by the City of St. Petersburg, Florida, for group life and disability insurance coverage. The City seeks fully insured group coverage including Basic Group Term Life with Accidental Death and Dismemberment (AD&D), Voluntary Supplemental Life, Spouse Voluntary Supplemental Life, Child(ren) Voluntary Supplemental Life, Voluntary Personal AD&D, and Long Term Disability (LTD) plans. The RFP specifically requests proposals from qualified insurance carriers (not brokers) to provide the most advantageous coverage at the lowest long-term net cost to the City and its eligible employees, retirees, and dependents.

The cost submittal form details estimated monthly volumes across multiple coverage categories, including Basic Life Insurance with AD&D for active employees (141,434,000K), Voluntary AD&D Insurance family coverage (285,825,000K), Supplemental Employee Life Insurance (81,530,000K), and various disability plans. Costs are structured using different measurement units: per $1,000 covered (K), per $100 covered monthly (C), and per employee per month (E). The form requires bidders to indicate willingness to provide premium guarantees or rate renewal caps for four successive plan years beginning April 1, 2027 through March 31, 2031, with detailed specifications required for each year's commitment. All cost line items are currently listed at 0.00, indicating this is a blank template awaiting vendor cost proposals.

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Sheet1

Cost Submittal Form

PlanEst. Monthly VolumePremium CostNoteColumn1Total Cost
Basic Life Insurance with AD&D - active employees141,434,000K00.00
Basic Life Insurance - retirees3,263,000K00.00
Supplemental Employee Life Insurance81,530,000K00.00
Supplemental Spouse Life Insurance11,040,000K00.00
Supplemental Dependent Life Insurance3,320,000K00.00
Voluntary AD&D Insurance – employee/retiree only185,550,000K00.00
Voluntary AD&D Insurance - family coverage285,825,000K00.00
Long Term Disability - Management2,586,215C00.00
Management Short-Term Disability – ASO services218E00.00
Management Personal Accident & Injury21,800,000K00.00
Long Term Disability – Non-management (non-sworn employees)1,544,808C00.00
Total Cost0.00

&"+,Bold"&12 RFP# 7726 &"+,Regular"&10Insurance, Group Life & Disability &"+,Regular"&12Appendix A Detailed Monthly Cost Summary Form

Use the tab key to move to each field or click your mouse in the check box to select “yes” or “no”. If you require additional space check “additional information attached” in the response space provided. Include the page(s) with additional Questionnaire information immediately following this form in your proposal package. Include your company name and plan name/number on the top of each additional page.

Company Name: ___________________________________________ Plan Name/Number: __________________________________________ Additional Information Attached? Yes _________

1. Are you willing to provide a premium guarantee or a rate renewal cap for Plan year April 1, 2027 through March 31, 2028?

Yes _______ No _______ If yes, provide details: ______________________________________________________

2. Are you willing to provide a premium guarantee or a rate renewal cap for Plan year April 1, 2028 through March 31, 2029?

Yes _______ No _______ If yes, provide details: ______________________________________________________

3. Are you willing to provide a premium guarantee or a rate renewal cap for Plan year April 1, 2029 through March 31, 2030?

Yes _______ No _______ If yes, provide details: _______________________________________________________

4. Are you willing to provide a premium guarantee or a rate renewal cap for Plan year April 1, 2030 through March 31, 2031?

Yes _______ No _______ If yes, provide details: _______________________________________________________

NOTE

K = per $1,000 covered C = per $100 covered monthly E = per employee/per month

Sheet2

Sheet3

File details come from the government source that posted it. Updated .