120005 O5 FinalEvaluation.pdf

This document is a Final Evaluation Document from the State of Nebraska Department of Administrative Services (DAS) State Purchasing Bureau for RFP Number 120005 O5, specifically for Consulting and Actuarial Services. The solicitation seeks a vendor to provide comprehensive actuarial and consulting services for the state's employee benefits programs, with electronic responses due on Monday, January 6, 2025. The evaluation process includes three core components: Corporate Overview (25 points), Technical Approach (55 points), and Cost Proposal (20 points), with The Segal Company (Southeast), Inc. receiving a final score of 86.91 points and ranking first in the evaluation.

The document reveals that the contract is for consulting services covering five self-insured health plans serving approximately 13,300 eligible public servants and their dependents. The initial contract term is two years with three optional one-year renewal periods, and pricing must remain fixed for the first two years, with subsequent increases limited to 4% per period. While no specific contract value is stated, the comprehensive nature of required services includes actuarial analysis, data analytics, premium equivalent calculations, IBNR calculations, Value on Investment reporting, budget reporting, RFP assistance, and ACA compliance tracking. The state requires vendors to maintain specific insurance coverages, including $2 million general liability aggregate, $5 million umbrella/excess liability, and $5 million cyber liability, with a mandatory Business Associate Agreement to ensure HIPAA compliance.