RFP Long-term Disability Insurance

The St. Johns River Water Management District in Florida is seeking proposals from qualified insurance providers to place group long-term disability (LTD) insurance coverage for its benefit-eligible employees. The District requires proposals to match the current LTD coverage with specified modifications, such as increasing the maximum monthly covered salary and benefit amounts. Proposals must provide fixed rates for an initial two-year period, with the option to renew for up to three additional 12-month periods. Respondents must designate a Florida-licensed insurance agent to service the District's account, with a maximum commission rate of 10%. The District will continue to pay 100% of the LTD premiums through self-administration and employee enrollment. Proposals are due by 1:00 p.m. on June 5, 2024, and the District will evaluate and rank them on June 25, 2024, potentially conducting oral presentations on July 8, 2024, before making an award.

The RFP is open to qualified insurance providers in the state of Florida, specifically targeting Polk County. The current LTD insurance policy is provided by Madison National Life Insurance Company, with an estimated annual premium of $93,698 and a total employee count of 537. The District has not listed any set-aside designations or restrictions on the types of organizations that can respond. The RFP does not mention any incumbent vendors or current contractors, and there is no information provided about any existing infrastructure or technology that requires integration. The RFP does not specify a budget range or potential award value.