Vision Pricing Model - Attachment 1.xlsx
XLSX spreadsheet 25 KB Posted
- Attached to
- Vision Insurance Services Federal contract opportunity
- Solicitation number
- 9531CB20R0040
- Issued by
- Consumer Financial Protection Bureau
About this file
This document contains a pricing model attachment and related federal contract opportunity for vision insurance services. The Consumer Financial Protection Bureau is soliciting proposals for a vision insurance carrier to provide vision insurance benefits to its employees. The resulting contract will be a fixed-price contract with economic price adjustment for a base year and four one-year option periods not to exceed five years total. Offerors must submit their technical and price proposals by October 9, 2020, with questions due by September 30, 2020. The pricing model attachment includes templates for offerors to propose bi-weekly premium rates for individual, individual plus one, and family coverage for the base year and first option year. It also contains templates for the government to calculate rates for the second through fourth option years using anticipated loss ratios. Offerors must also specify anticipated rate changes corresponding to different loss ratio ranges.
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Other files for this federal contract opportunity
| File | Type | Posted |
|---|---|---|
| 9531CB20R0040-Amdt0001.pdf | ||
| 9531CB20R0040.pdf |
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Text version
Pricing Model PRICING MODEL (For Price Evaluation Purposes) (See RFP Section I for background information)
| Key: | Unshaded (white) information to be completed by Offeror, including Loss Ratio information (further below). |
| Shaded (gold) information to be completed by CFPB for Price Evaluation Purposes. |
| Base Year (To be completed by Offeror) | |||||
| Category | Quantity | Bi-Weekly Premium | |||
| (Proposed by Offeror) | Number of Pay Periods | Total Yearly Price | |||
| Individual | 488 | 26 | $0.00 | ||
| Individual plus 1 | 341 | 26 | $0.00 | ||
| Family | 706 | 26 | $0.00 | ||
| Total | $0.00 |
| Option Year 1 (To be completed by Offeror) | |||||
| Category | Quantity | Bi-Weekly Premium | |||
| (Proposed by Offeror) | Number of Pay Periods | Total Yearly Price | |||
| Individual | 488 | 26 | $0.00 | ||
| Individual plus 1 | 341 | 26 | $0.00 | ||
| Family | 706 | 26 | $0.00 | ||
| Total | $0.00 | ||||
| Option Year 2 (To be completed by CFPB - Rates calculated by Government using appropriate loss ratio value for Evaluation Purposes Only) | |||||
| Category | Quantity | Bi-Weekly Premium (Calculated by CFPB Using Anticipated Loss Ratio) | Number of Pay Periods Per Year | Total Yearly Price | |
| Individual | 488 | 26 | $0.00 | ||
| Individual plus 1 | 341 | 26 | $0.00 | ||
| Family | 706 | 26 | $0.00 | ||
| Total | $0.00 | ||||
| Option Year 3 (To be completed by CFPB - Rates calculated by Government using appropriate loss ratio value for Evaluation Purposes Only) | |||||
| Category | Quantity | Bi-Weekly Premium (Calculated by CFPB Using Anticipated Loss Ratio) | Number of Pay Periods Per Year | Total Yearly Price | |
| Individual | 488 | 26 | $0.00 | ||
| Individual plus 1 | 341 | 26 | $0.00 | ||
| Family | 706 | 26 | $0.00 | ||
| Total | $0.00 | ||||
| Option Year 4 (To be completed by CFPB - Rates calculated by Government using appropriate loss ratio value for Evaluation Purposes Only) | |||||
| Category | Quantity | Bi-Weekly Premium (Calculated by CFPB Using Anticipated Loss Ratio) | Number of Pay Periods Per Year | Total Yearly Price | |
| Individual | 488 | 26 | $0.00 | ||
| Individual plus 1 | 341 | 26 | $0.00 | ||
| Family | 706 | 26 | $0.00 | ||
| Total | $0.00 | ||||
| Base Year Evaluated Price | $0.00 | ||||
| Option Year 1 Evaluated Price | $0.00 | ||||
| Option Year 2 Evaluated Price | $0.00 | ||||
| Option Year 3 Evaluated Price | $0.00 | ||||
| Option Year 4 Evaluated Price | $0.00 | ||||
| Total Evaluated Price | $0.00 | ||||
| To be completed by Offeror | |||||
| Loss Ratio - Option Year 2 | Rate Change % | ||||
| 75% or less | |||||
| 76% to 80% | |||||
| 81% to 85% | |||||
| 86% to 90% | |||||
| 91% to 95% | |||||
| 96% to 100% | |||||
| 100% or more | |||||
| To be completed by Offeror | |||||
| Loss Ratio - Option Year 3 | Rate Change % | ||||
| 75% or less | |||||
| 76% to 80% | |||||
| 81% to 85% | |||||
| 86% to 90% | |||||
| 91% to 95% | |||||
| 96% to 100% | |||||
| 100% or more | |||||
| To be completed by Offeror | |||||
| Loss Ratio - Option Year 4 | Rate Change % | ||||
| 75% or less | |||||
| 76% to 80% | |||||
| 81% to 85% | |||||
| 86% to 90% | |||||
| 91% to 95% | |||||
| 96% to 100% | |||||
| 100% or more |
File details come from the government source that posted it. Updated .