737-24 Intercollegiate Sports Accident Insurance

Angelo State University (ASU) in Texas is seeking competitive responses to a Request for Proposal (RFP) for intercollegiate sports accident insurance coverage for all student-athletes, student managers, trainers, and coaches registered as ASU students. The requested insurance policy must provide a maximum medical limit of $90,000, an accidental death and dismemberment benefit of $10,000, and excess coverage with an aggregate deductible of $53,500. The RFP outlines specific core benefits, such as 100% coverage of usual and customary medical expenses after the deductible, coverage for repetitive motion injuries and other sports-related conditions, and access to nationwide provider networks. Proposers must submit a detailed compensation schedule and comply with HUB (Historically Underutilized Business) subcontracting requirements. Proposals are due by March 19, 2024, and the anticipated contract start date is August 1, 2024, for a term of four years. ASU will evaluate proposals based on the proposed services, compensation and fees, experience, ratings, and HUB status, with the goal of selecting the proposal that provides the best overall value.

The contract opportunity is open to all qualified insurance providers, with no set-aside designations or restrictions on the types of organizations that can respond. The current incumbent provider is Berkley Life and Health Insurance Company, whose in-force policy has an aggregate deductible of $94,525, a stop loss premium of $14,175, and a claims administration fee of $12,500. The university also has a $60,000 cap per facility for medical bills, with the facility billing the student-athlete's primary insurance first and the university paying any remaining balance. The total budget range for the contract is not specified in the provided information.