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MB-5917 - USA (Arizona) - Student Insurance Brokerage and Claims Administration Services - Deadline January 20,2022

Product (RFP/RFQ/RFI/Solicitation/Tender/Bid Etc.) ID: MB-5917

Government Authority located in Arizona; USA based organization looking for expert vendor for student insurance brokerage and claims administration services.

[A] Budget: Looking for Proposals

[B] Scope of Service:

(1) Vendor needs to provide student insurance brokerage and claims administration services
- Perform the services necessary to transition required services to place insurance coverages expiring on or after March 31, 2022, if other than the current broker, to the new broker
- Prior to the beginning of each fiscal year, submit a service plan identifying goals, objectives, and action plans
- The underwriting rate calculation exhibit shall separately identify all rating components such as estimated incurred claims, trend, margin, catastrophic claims charges, retention and commission.
- Assess insurance company’s stability, solvency, and service records
- requested by Risk Manager or an auditor, perform an audit of third-party claims administrators or excess carrier claim management to assess reserving practices and overall performance of claims administration
- Provide or partner with a claims administrator to process student insurance claims.
- Claims administrator must provide quarterly utilization and loss reports in a format mutually agreed to.
- Provide claim forms. Claim form must be simple and clear and easy to complete.
- Claims administrator must provide a toll-free number and have a claims representative available from 7:00 a.m. to 6:00 p.m. MST, Monday through Friday.
- Claims administrator must agree to make a good-faith effort to process completed claim forms quickly and efficiently and to provide assistance to students attempting to file a claim.
- Claims administrator must accept standard bills and statement forms generated by most hospitals and attending physicians as supporting documentation
(2) All the questions must be submitted no later than December 31, 2021.

[C] Eligibility:

Onshore (USA organization Only)

[D] Work Performance:

Performance of the work will be Offsite. Vendor needs to carry work in their office premises.

Expiry Date : Thursday, 20 January, 2022

Question Answer Deadline : Friday, 31 December, 2021

Category : Medical Billing and Coding, Insurance Services, Real Estate, Brokerage Services, Maintenance, Repair and Alteration of Property

Country : USA

State : Arizona

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