Actuarial Services

The Wisconsin Actuarial Services multi-award vehicle, administered by the Department of Health Services, provides comprehensive actuarial and financial consulting services specifically focused on Medicaid and long-term care program analysis. The vehicle covers a range of financial and insurance services, including rate development, data analysis, financial reporting, and regulatory compliance support for complex healthcare programs. Eligible services encompass actuarial work for programs such as Family Care, PACE, Family Care Partnership, and Birth to Three initiatives, with a specific emphasis on developing actuarially sound capitation rates and conducting detailed data analysis.

The contract is awarded to Milliman, Inc. and was established on January 1, 2020, with an initial three-year term through December 31, 2022. The total contract value is $11,382,800, with annual payments not exceeding $2,276,560, and includes two optional one-year renewal terms. The vehicle covers the entire state of Wisconsin and is partially funded by federal sources, totaling $5,691,400. Operating under a fixed-cost structure, the contract requires additional work to be pre-approved and resourced by the department, with a specific focus on providing technical actuarial services for state healthcare programs.