120005 O5 FinalEvaluationDocument.xlsx

The document is a Final Evaluation Document for RFP Number 120005 O5 issued by the State of Nebraska Department of Administrative Services (DAS) State Purchasing Bureau for Consulting and Actuarial Services. The procurement seeks a vendor to provide comprehensive actuarial and consulting services for five self-insured health plans covering approximately 13,300 eligible public servants and their dependents. Electronic responses were due January 6, 2025, at 2:00 PM Central Time, with a contract award expected February 20, 2025, and services to commence March 1, 2025. The initial contract term is two years with three optional one-year renewal periods, requiring pricing to remain fixed for the first two years, with subsequent increases limited to 4% per period.

The evaluation process assessed vendors across three criteria: Corporate Overview (25 points), Technical Approach (55 points), and Cost Proposal (20 points). The Segal Company (Southeast), Inc. d/b/a Segal scored 86.91 out of 100 points and was ranked first. The state's annual health fund investment exceeds $167.2 million, covering approximately 27,580 total lives. Current incumbent vendors include United Healthcare, Hartford, ASI Flex, Deer Oaks, and Gallagher Benefit Services. Vendors must maintain specific insurance coverage, including $2 million general liability aggregate, $5 million umbrella/excess liability, and $5 million cyber liability. A Business Associate Agreement (BAA) is mandatory to ensure HIPAA compliance, and the state requires comprehensive data analytics tools and strategic consulting services.