--- title: "US Benefits - Health: Stop Loss, Pharmacy and Admin" ocid: "ocds-b5fd17-382a635b-3e64-4753-bb02-fbf5707028df" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-382a635b-3e64-4753-bb02-fbf5707028df" markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-382a635b-3e64-4753-bb02-fbf5707028df.md" json_url: "https://d3tenders.com/contract/ocds-b5fd17-382a635b-3e64-4753-bb02-fbf5707028df.json" source: "Contracts Finder" current_stage: "Tender" buyer: "FOREIGN COMMONWEALTH AND DEVELOPMENT OFFICE" published: "2021-07-07" --- # US Benefits - Health: Stop Loss, Pharmacy and Admin Buyer: FOREIGN COMMONWEALTH AND DEVELOPMENT OFFICE Current stage: Tender OCID: ocds-b5fd17-382a635b-3e64-4753-bb02-fbf5707028df [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-382a635b-3e64-4753-bb02-fbf5707028df) [Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-382a635b-3e64-4753-bb02-fbf5707028df.json) ## Summary The Foreign Commonwealth and Development Office is conducting a tender for "US Benefits - Health: Stop Loss, Pharmacy and Admin," aimed at providing medical insurance services across the United States. The procurement process is currently in the planning stage, with the submission deadline set for 6th August 2021. The contract is scheduled to commence on 1st April 2022 and will run for up to five years, ending on 31st March 2025, unless extended. This open procurement method signifies that it is above threshold and is accessible to a wide range of bidders. This tender represents an excellent opportunity for businesses specialising in medical insurance services and benefits management, particularly those with a robust presence in the United States. Eligible companies must be legally established in the U.S., possess their own networks, and comply with relevant regulations. This is particularly suitable for established insurance providers and brokers who can handle complex contracts and meet the specific requirements outlined in the tender documentation, thereby contributing to their growth within the healthcare insurance sector. ## Notice 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. The nature of Health: Stop Loss, Pharmacy and Admin 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 tender documentation will be sent by, and all substantive communication between the Authority and bidders will be conducted via the FCDO's specialist broker Willis Towers Watson. 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 Full Instructions and contact information for WTW is available under Project_6603 / ITT_4423 https://fcdo.bravosolution.co.uk ## Key Details | Field | Value | | --- | --- | | Publication source | Contracts Finder | | Latest notice | https://www.contractsfinder.service.gov.uk/Notice/06f451ac-692c-4ef1-b5ab-17005c36006c | | Notice type | Tender Notice | | Procurement type | Standard | | Procurement category | Services | | Procurement method | Open | | Procurement method details | Open procedure (above threshold) | | Tender suitability | Not specified | | Awardee scale | Not specified | | All stages | Tender | ## Dates | Field | Value | | --- | --- | | Publication date | 7 Jul 2021 | | Submission deadline | 6 Aug 2021 | | Future notice date | Not specified | | Award date | Not specified | | Contract period | 31 Mar 2022 - 31 Mar 2025 | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | Not specified | | Lots value | Not specified | | Awards value | Not specified | | Contracts value | Not specified | ## Status | Field | Value | | --- | --- | | Tender status | Active | | Lots status | Not specified | | Awards status | Not specified | | Contracts status | Not specified | ## Buyer | Field | Value | | --- | --- | | Main buyer | FOREIGN COMMONWEALTH AND DEVELOPMENT OFFICE | | Locality | LONDON | | Post town | South West London | | Postcode | SW1A 2AH | | Country | England | | ITL 1 | TLI London | | ITL 2 | TLI3 Inner London - West | | ITL 3 | TLI35 Westminster and City of London | | Local authority | Westminster | | Electoral ward | St James's | | Westminster constituency | Cities of London and Westminster | | Delivery location | Not specified | ## CPV Codes ### Divisions - 66 - Financial and insurance services ### Codes - 66512220 - Medical insurance services ## Release History - 7 Jul 2021 at 01:46 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/06f451ac-692c-4ef1-b5ab-17005c36006c ## Documents - https://www.contractsfinder.service.gov.uk/Notice/06f451ac-692c-4ef1-b5ab-17005c36006c 7th July 2021 - Opportunity notice on Contracts Finder ## Notice URLs - https://fcdo.bravosolution.co.uk ## Provenance This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-b5fd17-382a635b-3e64-4753-bb02-fbf5707028df. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-382a635b-3e64-4753-bb02-fbf5707028df.json.