Prescription Drug Savings Program

The Texas A&M University System ("A&M System") is seeking responses to a Request for Proposals (RFP) from qualified vendors licensed to operate in the state of Texas to provide a Supplemental Prescription Drug Savings Program (PDSP) for the plan year beginning September 1, 2024. The A&M System desires proposals that represent the best combination of quality and cost, with the intent to establish a services agreement with one vendor for an initial term of three (3) years, with the option to renew for up to an additional three (3) years. Respondents must demonstrate the ability to reduce pharmacy drug spend without changing benefits or plan designs, perform contracted services/tasks, and provide all necessary hardware, software, and support services. Proposed fees must be guaranteed for the initial three-year term and may include administrative costs, value-added programs, and any other applicable fees or arrangements.

The RFP does not mention any set-aside designations or restrictions on the types of organizations that can respond. The current incumbent vendor or contractor is not specified. The RFP also does not provide any details on the possible award values or budget ranges for this opportunity.