Specifications include, but are not limited to: The UT System has in the past and would like to again starting on April 1st or May 1st, 2019, offer a fully insured GLTC plan to benefits eligible employees, retired employees, surviving spouses and eligible dependents, non-employee graduate students and post-doctoral fellows who are benefits eligible pursuant to TIC 1601.1021 and certain family members (see Section 5.3.3.A for a list of eligible dependents and family members). Contractor may recover the costs of the services described in this Section only by making provision for such costs in the calculation of the proposed premium rates. The purpose of this RFP and the subsequent review process is to select the Contractor that the System considers to be most qualified to provide the most effective, efficient and high-quality services, supplies, and products to System and the fully insured GLTC plan participants. The System views the relationship with Contractor as a cooperative one, and will continue to seek to improve the plan. Contractor must agree to act in good faith in connection with all such efforts and in performing all of its services, duties, and provisions of coverage related to the fully insured GLTC plan. The following list highlights many of the benefits and features of the past plan. • Elimination Period: Ninety (90) days. • Daily Maximum Benefit (“DMB”) – Nursing Facility: A choice of $100, $125, $150, or $200. • Daily Maximum Benefit – Home Care: 50% of DMB. • Maximum Lifetime Benefit: 1,825 X DMB. • Benefit Period: Five (5) years Nursing Facility; Ten (10) years Home Care not to exceed Maximum Lifetime Benefit. • Optional Inflation Protection Benefit: Five percent (5%) compound interest. • Optional Periodic Increase Benefit: The amount offered is based on 5% compound interest at each offer, and not specifically based on $25 for each offer. • Premium Waiver: Yes. • Non-Forfeiture Option: None. • Return Premium Option: No. • Guaranteed Renewable Coverage: Coverage shall be guaranteed and can be cancelled only for non-payment of premium or when benefits are exhausted. • Eligible participants include employees, retirees, spouses, surviving spouses, children age 26 and over, parents, parents-in-law, and grandparents. • Active employees and non-employee graduate students and post-doctoral fellows who are benefits eligible pursuant to TIC 1601.1021 enrolling during the initial enrollment period (first 31 days of employment) were offered coverage on a guaranteed-issue basis without having to provide satisfactory evidence of insurability and without preexisting condition limitations.