Exhibit_B_–_Fee_Schedule.docx

This is an Exhibit B Fee Schedule document for Request for Proposal PS-26-0032 issued by the City of Phoenix for Group Term Life, AD&D, and Optional Life Insurance Plans. The RFP seeks a comprehensive insurance provider to serve approximately 32,000 full and part-time employees and dependents. The solicitation includes multiple insurance plan types: Basic Life, AD&D, Line of Duty Exposure, Occupational AD&D, and Commuter AD&D insurance with varying coverage levels based on employee classification and salary. The five-year contract will commence on January 1, 2027, with two potential optional renewal years. Key proposal deadlines include a pre-offer conference on July 18, 2025, at 8:00 am via Webex, written inquiries due by July 21, 2025, at 12:00 pm, and the final proposal response deadline on August 8, 2025, at 2:00 pm.

The Fee Schedule establishes that initial rates shall be guaranteed for five years from January 1, 2027, through December 31, 2031, with the City retaining the right to terminate without penalty if pricing terms are not industry competitive. The schedule includes a Most Favored Nations clause requiring the contractor to furnish any more favorable fee schedules offered to similarly sized and risked employee pools within thirty days. Price decrease requests are permitted at any time during the contract term without supporting documentation, though the City retains sole judgment on allowable increases. The current incumbent is Minnesota Life Insurance Company. Contractors must provide guaranteed issue coverage for new employees and match existing benefit levels on a no-loss/no-gain basis while maintaining compliance with HIPAA and HITECH Act regulations through a Business Associate Agreement.