This Solicitation opportunity from Administrative Services, Dept was posted on November 21, 2024. The submission period has ended. Browse the details below for market research, or find similar active opportunities.
Third Party Administration of Medical and Pharmacy Insurance Plan
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The State of Iowa's Department of Administrative Services is seeking proposals from qualified companies to manage a comprehensive statewide medical and pharmacy network. This initiative includes access to a national network, administration of medical and pharmacy insurance plans, and COBRA billing services for state employees starting January 1, 2026. Approximately 39,000 active and retired employees are currently covered under the existing plan, highlighting the scope and importance of the contract. The goal is to assess evolving market conditions, maintain financial competitiveness, and adhere to state procurement standards. The designated contractor will establish a medical and pharmacy network within Iowa and connect with a national network to ensure broad coverage. Responsibilities include the administration of the insurance plans, quality member services, and acting as a COBRA billing agent. The contractor will need to maintain separate accounts for premium and claim management for three different reporting units. Additional tasks include customer support, claims processing, audits, data processing, and offering optional member services. The contract is initially set for a two-year term, with possibilities for extension, and covers services statewide in Iowa. Open enrollment starts October 1, 2025, with the plan year beginning January 1, 2026.
General Info
Agency
Place of Performance
IA, USASet-Aside
Documents
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Timeline
Submission Closed
Organization & Contact Information
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