D3 Tenders | US Benefits - Health: Stop Loss, Pharmacy and Admin

Notice Information

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Notice Title

US Benefits - Health: Stop Loss, Pharmacy and Admin

Notice Description

The US Network has provided Medical Insurance coverage for its Country Based Staff members (CBS) as part of suite of benefits for many years. The suite of benefits provided have taken on more importance with the passage of the Patient Protection and Affordable Care Act (ACA). The ACA provided comprehensive reform of medical, prescription drug, dental and vision insurance across the US. The main goal of the ACA is to ensure all Americans have access to affordable insurance coverage. The current contract expires on the 31st of March 2022. Instructions and contact information for Willis Towers Watson is available on project_6603 / ITT_4423 https://fcdo.bravosolution.co.uk

Lot Information

Lot 1

The nature of Medical Insurance and the size of the US requires that staff (and any qualifying dependents) have coverage across the 50 US States. In order to ensure geographical coverage and the optimum service provision and Contract Administration, we contract a benefits Broker. Our current Broker is Willis Towers Watson (WTW), whom we have appointed on a separate contract. The Broker specialises in managing the contract, yearly renegotiations, legal advice provision in relation to state and federal changes as well as helping post forecast their expenses and staff contributions for the year ahead. They will be acting as the key point of contact for this procurement opportunity. The Contract is to be for a period of up to five (5) years. Three (3) years, with an option to extend for two (2) additional years upon agreement between Authority and Contractor. The contract for the original three (3) year period is scheduled to start on the 1st of April 2022 and shall expire on 31 March 2025, unless extended. All bidders must : * Be licensed to do business in the United States (U.S.). * Follow U.S. regulations. * Have a U.S. presence. * Own their own U.S. networks (Only major carriers will be considered; Third Party Administrators (TPA's) will not be considered). Companies will be asked to provide: * Copy of the certificate of incorporation * Audited opening balance sheet i.e. at the time of incorporation / commencement of operations, or * Evidence of current shareholders' funds / equity * Business plans and projection for the next 2 - 3 years * Details of ownership (including percentage interest) * Details of reinsurance arrangements * Any plans for ratings by any of the rating agencies, if not already published * Types of business authorised and types written * Details of the board of directors, including a brief resume of the key directors * Brief resume of the key underwriters * Any other relevant material developments not covered above (e.g. additional capital injections, explicit parental support / guarantees etc)

Renewal: 2 x 12 month extension options

Notice Details

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Publication & Lifecycle

Open Contracting ID: ocds-h6vhtk-02c517
Publication Source: Find A Tender Service
Latest Notice: https://www.find-tender.service.gov.uk/Notice/015781-2021
Current Stage: Tender
All Stages: Tender

Procurement Classification

Notice Type: Tender Notice
Procurement Type: Standard
Procurement Category: Services
Procurement Method: Open
Procurement Method Details: Open procedure
Tender Suitability: Not specified
Awardee Scale: Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions: 66 - Financial and insurance services
CPV Codes: 66512220 - Medical insurance services

Notice Value(s)

Tender Value: Not specified
Lots Value: Not specified
Awards Value: Not specified
Contracts Value: Not specified

Notice Dates

Publication Date: 7 Jul 20214 years ago
Submission Deadline: 6 Aug 2021Expired
Future Notice Date: Not specified
Award Date: Not specified
Contract Period: 31 Mar 2022 - 31 Mar 2025 3-4 years
Recurrence: Not specified

Notice Status

Tender Status: Active
Lots Status: Active
Awards Status: Not Specified
Contracts Status: Not Specified

Buyer & Supplier

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Contracting Authority (Buyer)

Main Buyer: FOREIGN COMMONWEALTH AND DEVELOPMENT OFFICE
Contact Name: Available with D3 Tenders Premium →
Contact Email: Available with D3 Tenders Premium →
Contact Phone: Available with D3 Tenders Premium →

Buyer Location

Locality: LONDON
Postcode: SW1A 2AH
Post Town: South West London
Country: England
Major Region (ITL 1): TLI London
Basic Region (ITL 2): TLI3 Inner London - West
Small Region (ITL 3): TLI35 Westminster and City of London
Delivery Location: Not specified
Local Authority: Westminster
Electoral Ward: St James's
Westminster Constituency: Cities of London and Westminster

Further Information

Notice URLs

Open Contracting Data Standard (OCDS)

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts.

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