Offer_and_Acceptance.pdf

This is an Offer and Acceptance form from the City of Tucson, Arizona, related to a specific stop loss insurance procurement. The City of Tucson, the second largest city in Arizona, is soliciting specific stop loss insurance coverage for approximately 4,508 covered employees and retirees with an effective date of July 1, 2026. The City currently operates a self-funded health plan through Cigna that has been in place since July 1, 2019, and will be transitioning to Blue Cross Blue Shield of Arizona (AZ Blue) for medical TPA/network services and PBM functions through OptumRx as of the July 1, 2026 effective date. The stop loss insurance will cover both medical and prescription drug coverages under the new arrangement.

The City's plan paid medical and prescription drug claims totaling approximately $43.5 million over the most recent 12-month period through March 2026. The Offer and Acceptance form serves as the binding agreement between the City and the selected contractor, wherein the contractor agrees to furnish materials or services in compliance with all terms, scope of work, conditions, specifications, and amendments incorporated in the solicitation. Once accepted by the City of Tucson's Director of Business Services and approved as to form by the Tucson City Attorney, the contract becomes effective and establishes the formal relationship between the parties for the provision of stop loss insurance services.