Required Forms - Procurement Phase~3.zip

This zip file contains the required forms for the procurement phase of the LTD Insurance Carrier Procurement contract opportunity issued by the State of Massachusetts. The procurement seeks an insurance carrier to provide long-term disability (LTD) insurance coverage for state employees. The contract has an initial term of 5 years with the option to renew for up to 3 additional 1-year periods. Responses are due by March 15, 2023, and the anticipated contract start date is July 1, 2023. No site visits or bidder's conferences are scheduled.

The pricing structure for the LTD insurance coverage must be itemized per the required pricing forms. There are no specific set-aside requirements indicated, and the current incumbent provider is not named. Funding for this contract will be allocated from the state's general budget and insurance premiums collected from participating employees. The total contract value over the initial 5-year term is estimated to be between $50-75 million.