Stop Loss Insurance Provider

This subcontract opportunity seeks a licensed Florida insurance carrier to provide stop loss insurance coverage for prime contractors managing the City of Sarasota self-funded health plan projects. The selected provider will underwrite and issue a 24/12 contract basis policy covering both Medical and Pharmacy benefits. Key policy specifications include Individual Stop Loss deductibles set at 250,000 dollars and 275,000 dollars, along with Aggregate Coverage featuring a 125 percent corridor, a 50 percent Rate Cap, an NNL Provision, and a Spec Advance Rider. The procurement process is managed by the Florida Procurement agency under NAICS code 524114. Interested parties must submit their responses by October 21, 2026. The primary deliverable for this contract is the provision of an active stop loss insurance policy that adheres to the outlined underwriting requirements and regulatory standards.