City of Santa Fe – In A Boat Without A Paddle?

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By Molly Mulebriar

The City of Santa Fe has requested proposals for stop loss insurance for their self-funded employee health plan with a proposal deadline of February 23, 2015. However, New Mexico’s Insurance Superintendent issued a regulatory bulletin the week before the proposal deadline that effectively eliminates stop loss protection as a viable option for New Mexico employers that self-fund their employee health care coverage.

The task now before the city’s insurance consultant (AON Risk Solutions) and  third party administrator (United HealthCare – UHC) is to find stop loss insurance for the plan’s July 1 effective date. According to market experts this will be a near impossibility without divine intervention.  BUCA reps. are circling city hall anticipating the coming feast.

New Mexico’s Insurance Superintendent recently issued a regulatory bulletin that established the most restrictive stop loss requirements in the country. Bulletin No. 2015-005 effectively eliminates stop loss protection as a viable option for New Mexico employers that self-fund their employee health care coverage. See Stop Loss Carriers To Pull Out of New Mexico This Year?

The City of Santa Fe has requested proposals for their self-funded employee health plan with a proposal deadline of February 23, 2015. However, New Mexico’s Insurance Superintendent issued a regulatory bulletin the week before, on February 18, 2015, that effectively eliminates stop loss protection as a viable option for New Mexico employers that self-fund their employee health care coverage.

Third Party Administration for Self-Funded Medical Plan Stop Loss Coverage Flexible Spending Account COBRA Administration – Bid Number: ’15/24/P – Status: Closed

Close Date: 2/23/2015 2:00 PM – Project Manager: Sandra Perez (505) 955-6591 skperez@ci.santa-fe.nm.us

Proposal Submission Information:
See Bid/RFP documents for additional submission details.

City of Santa Fe Purchasing Office 2651 Siringo Road Building H. Santa Fe, New Mexico 87505

The City of Santa Fe, New Mexico is the City government entity of Santa Fe, New Mexico.  This Request for Proposal (RFP) is being distributed for Third Party Administration services* for the employee medical plan, Stop Loss Insurance, COBRA Administration, FSA Administration, and Voluntary Vision. Vendors can submit a proposal for any one or all of the requested services.

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DEVINE INTERVENTION? SEE BELOW:

*Due to the fact that the City of Santa Fe is deliberating changes to its plan design(s), Fully Insured Coverage Providers are welcome to provide a proposal as well.