Stop Loss Coverage

The Town of Prosper in Texas is seeking proposals for Stop Loss Coverage, with Holmes Murphy acting as the intermediary. The solicitation, designated as number 2025-01-B, is open for submissions until 3:00 PM on October 31, 2024. Interested vendors are instructed to submit sealed proposals via email to Cameron Dillion at [email hidden]. The contract size is estimated to range between $500,000 and $1,500,000, indicating a significant coverage arrangement likely related to health insurance or employee benefits. The procurement process is managed through a formal Request for Proposal (RFP), with additional details and instructions available upon request or through the designated bidding portal. The primary point of contact is Cameron Dillion, who can be reached by phone or email for further inquiries. This procurement is part of the Town’s efforts to secure comprehensive stop loss insurance coverage, which typically provides protection against high claims costs for self-insured health plans. The process emphasizes timely submission, with strict adherence to the deadline, and encourages potential bidders to review all bid instructions carefully. The contract aims to ensure the Town of Prosper has adequate financial protection against catastrophic claims, supporting their employee health benefit programs. The solicitation’s structured approach and clear communication channels reflect a formal and organized procurement process designed to attract qualified insurance providers capable of meeting the specified coverage and financial requirements.