Request for Proposals – Insurance Broker

Semcac is seeking Requests for Proposals to provide employee benefits, human capital brokerage and consulting services.

Read and download the full RFP, here.

Semcac is seeking a broker/consultant to perform the full range of services related to the design, implementation, maintenance, communication, and improvement of insurance programs. The broker /consultant assists the Administrative team in administering all group insurance plans, responding to questions from and providing information to staff, and providing other consulting services during the course of the plan year.  This includes, but is not limited to:

1.  Assists Semcac in complying with laws and regulations related to employee benefits.
2.  Reviews claims experience, claim service, and claim administration to ensure maximum benefit.
3.  Determines and recommends the most economical funding methods for the benefit programs and strike a balance between cost and comprehensiveness of the programs.
4.  Develops a solicitation/negotiation strategy and leads in agreement in all negotiations with providers on all issues including those related to premiums, benefit levels, plan designs, and special terms and conditions.
5.  Meets and provides reports to various Agency representatives including finance.
6.  Assists with the implementation and communication of new programs or changes to existing programs, which includes attending and presenting information at open enrollment meetings.
7.  Provides information and guidance on any new developments in the law and employee benefit programs on an ongoing basis.
8.  Prepares bid specifications and solicits proposals from insurance markets which specialize in group insurance plans as needed. Evaluates bids and bidders, including administration, coverage, claim payment procedures, customer service, networks, reserve establishment policies, financial soundness, and identifies the most cost-beneficial package from among the various bidders.
9.  Interfaces with insurance carriers as needed to assist in the resolution of problems associated with benefit programs.

• Please no soliciting quotes from insurance carriers.

All proposals must be submitted electronically to jeff.rogness@semcac.org by close of business on June 28, 2023, with a hard copy to follow within five business days.

All hard copies should be sent to the following address:

Semcac   Attn: Jeff Rogness
204 South Elm Street
Rushford, MN  55971

Questions regarding this RFP can be directed to Jeff Rogness, Director of Human Resources at 1-507-864-8210.