--- title: "US Benefits - Medical, Dental, Vision & Life (4 separate opportunities)" ocid: "ocds-h6vhtk-02ae1b" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-02ae1b" markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-02ae1b.md" json_url: "https://d3tenders.com/contract/ocds-h6vhtk-02ae1b.json" source: "Find A Tender Service" current_stage: "Planning" buyer: "FOREIGN COMMONWEALTH AND DEVELOPMENT OFFICE" published: "2021-05-06" --- # US Benefits - Medical, Dental, Vision & Life (4 separate opportunities) Buyer: FOREIGN COMMONWEALTH AND DEVELOPMENT OFFICE Current stage: Planning OCID: ocds-h6vhtk-02ae1b [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-h6vhtk-02ae1b) [Download OCDS JSON](https://d3tenders.com/contract/ocds-h6vhtk-02ae1b.json) ## Summary The Foreign Commonwealth and Development Office is planning a tender for four distinct insurance services catering to Country Based Staff across the United States Network. The estimated total value of these contracts is approximately $8.44 million USD, with individual components including Medical Insurance, Dental Insurance, Life & Disability Insurance, and Vision services over a potential five-year term. The tender process is set to commence, with a future notice date scheduled for 7 June 2021, after which detailed requirements will be provided to interested bidders. This procurement opportunity presents substantial growth potential for businesses within the insurance sector, particularly those that specialise in medical, dental, vision, and life insurance services. Companies that are licensed to operate in the U.S., possess a local presence, and comply with U.S. regulations will be well-positioned to compete. Relevant bids will be expected to demonstrate capabilities such as ownership of U.S. networks and experience in providing similar insurance services, making this an attractive opportunity for established firms and those looking to expand their offerings in the U.S. market. ## Notice Four separate insurance requirements for Country Based Staff across the United States Network. We will be looking to contract services for three (3) years plus an optional two, 12 months (1+1). i) Medical Insurance - Stop Loss, Pharmacy and Admin (Circa $956K USD per year) ii) Dental Insurance (Circa $386K USD per year) iii) Life & Disability Insurance (Circa $320K per year) iv) Vision ($26K per year) ### Lot Information Lot 1 i) Stop Loss Insurance for Foreign, Commonwealth & Development Office Country Based Staff and their dependents, based across the United States of America. ii) Dental insurance for Foreign, Commonwealth & Development Office Country Based Staff and their dependents, based across the United States of America. iii) Vision for Foreign, Commonwealth & Development Office Country Based Staff, based across the United States of America iv) Life & Disability for Foreign, Commonwealth & Development Office Country Based Staff, based across the United States of America A full set of requirements will follow at the tender stage. However, headline requirements for any companies thinking of competing are as follows. All bidders must: * Be licensed to do business in the United States (U.S.). For Medical, bidders must have a health insurance license in the United States. * Follow U.S. regulations. * Have a U.S. presence. * Own their own U.S. networks (Only major carriers only 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) Additional information: The contract Authority intends to advertise the go live date of the 4 procurements from around 7 June 2021. The Procurement process will be managed by Willis Towers Watson our US Benefits broker with supervision of the process by FCDO Procurement, following all UK procurement regulations and standards. ## Key Details | Field | Value | | --- | --- | | Publication source | Find A Tender Service | | Latest notice | https://www.find-tender.service.gov.uk/Notice/009898-2021 | | Notice type | Planning Notice | | Procurement type | Standard | | Procurement category | Services | | Procurement method | Not Specified | | Procurement method details | Not specified | | Tender suitability | Not specified | | Awardee scale | Not specified | | All stages | Planning | ## Dates | Field | Value | | --- | --- | | Publication date | 6 May 2021 | | Submission deadline | Not specified | | Future notice date | 6 Jun 2021 | | Award date | Not specified | | Contract period | Not specified | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | £8,440,000 | | Lots value | Not specified | | Awards value | Not specified | | Contracts value | Not specified | ## Status | Field | Value | | --- | --- | | Tender status | Planned | | Lots status | Planned | | 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 - 66510000 - Insurance services - 66511000 - Life insurance services - 66512220 - Medical insurance services ## Release History - 6 May 2021 at 21:55 - Planning - Planning Notice - https://www.find-tender.service.gov.uk/Notice/009898-2021 ## Notice URLs - https://www.gov.uk/government/organisations/foreign-commonwealth-office ## 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-h6vhtk-02ae1b. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-02ae1b.json.