Segal Student Health Plan RFP Declining Balance PO

Virginia Commonwealth University (VCU) awarded a contract to The Segal Company (Eastern States) Inc. on September 9, 2026, for the administration and management of the Segal Student Health Plan under a declining balance purchase order arrangement. The contract, identified as A236_P0354860, is valued at $100,000.00 and will be delivered to VCU Procurement in Virginia. The declining balance structure indicates a cost-reimbursable arrangement whereby funds are drawn down as services and administrative costs are incurred throughout the contract period.

The Segal Company (Eastern States) Inc. will provide student health plan administration services, which typically encompass plan design consultation, claims administration, and related employee benefits management support. The single line item reflects a consolidated contract structure rather than itemized deliverables, with the full contract value of $100,000.00 allocated to this primary service offering. Performance will occur at VCU's Virginia location, with this award representing a significant component of the university's student health benefits procurement strategy.