HCA announces apparently successful bidder for short- and long-term disability insurance
On June 26, 2018, the Washington State Health Care Authority (HCA) announced The Standard Insurance Company as the apparently successful bidder for both the short- and long-term disability insurance plans, which will be offered as part of the School Employees Benefits Board (SEBB) Program. The SEBB Program, as established in Engrossed House Bill 2242 (2017), will begin offering benefits to employees of all school districts, educational service districts, and charter schools on January 1, 2020.
The Standard presented HCA with the highest scoring option for both short- and long-term disability plans out of the four proposals submitted, based on the evaluation and scoring of each firm’s submissions.
This announcement is the latest step toward fulfilling procurement resolutions passed by the School Employees Benefits Board on March 15, 2018. The procurement process began in May, when HCA issued a request for proposals (RFP) seeking qualified carriers to provide and administer both short-term and long-term disability insurance plans for the SEBB Program.
This press release was provided by the Washington State Health Care Authority.