Stop Loss Coverage for Self Funded Health Plan
Open State & local contract opportunity Posted
- Solicitation number
- 2027-008-HR
- State
- Florida
- Responses due
Opportunity facts
- Jurisdictions
- NIGP codes
- UNSPSC codes
- Point of contact
-
- Helen Reed helen.reed@sarasotafl.gov (941) 263-6443
Opportunity details come from procurement.opengov.com. Updated .
About this opportunity
The City of Sarasota is soliciting stop loss coverage for its self-funded health plan effective January 1, 2027, with proposals due October 21, 2026 at 5:00 p.m. EST. Brown and Brown Insurance Services, Inc. is the facilitating broker; all inquiries and proposal submissions route to Morgan Johnson at Brown and Brown (386-239-8866, Morgan.Johnson@bbrown.com) or Hailey Cronk (hailey.cronk@bbrown.com), not to the city directly.
The City's self-insured plan covers approximately 747 employees and 265 retirees. Stop loss coverage is sought on a 24/12 contract basis for medical and pharmacy benefits. Proposers must submit both Individual Stop Loss (ISL) options at $250,000 and $275,000 with aggregate coverage at 125% corridor, 50% rate cap, and Non-Renewing Limit provision with Spec Advance Rider. Medicare-eligible retirees are excluded from stop loss coverage; non-Medicare retirees retain rights under Florida Statutes Section 112.0801 to continue at active-employee premium rates.
Current rates are $124.92 PEPM for Individual Stop Loss and $4.81 PEPM for Aggregate Stop Loss under the incumbent, HM Insurance. The solicitation is closed-bid; proposers submit best and final rates quoted net of commissions, with renewal rates not available upfront. Evaluation criteria are proposed rates, terms and conditions, and responses to questionnaires. Questions are due October 15, 2026. No pre-bid meeting or site visit is scheduled.
Opportunity text
The City of Sarasota is assisting it's Broker with (ONLY) advertising this opportunity. Any and all communication, documentation and proposal response are to be directed to Morgan Johnson, GBDS,VBS, Marketing Analyst, Brown and Brown- Public Sector. Phone number 386-239-8866(direct) and email: Morgan.Johnson@bbrown.com .
Files
| File | Type | Posted |
|---|---|---|
| Stop_Loss_Coverage_for_Self_Funded_Health_Plan.pdf |
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