120005 O5 Intent to Award.docx

The document is a Solicitation Notice of Intent to Award issued by the State of Nebraska's State Purchasing Bureau (SPB) for Request for Proposal (RFP) Number 120005 O5 for Consulting and Actuarial Services. The state intends to award the contract to The Segal Company (Southeast), Inc. d/b/a Segal, targeting 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 procurement involves an annual health fund investment exceeding $167.2 million, covering approximately 27,580 total lives. Vendors must maintain specific insurance coverage, including $2 million general liability aggregate, $5 million umbrella/excess liability, and $5 million cyber liability. The current incumbent vendors include United Healthcare (health and pharmacy benefits), Hartford (life insurance), ASI Flex (flexible spending), Deer Oaks (EAP services), and Gallagher Benefit Services (VEBA administration). The evaluation criteria comprise Corporate Overview (25 points), Technical Approach (55 points), Cost Proposal (20 points), with a potential additional 20 points for an optional oral interview. A mandatory Business Associate Agreement (BAA) is required to ensure HIPAA compliance for handling Protected Health Information (PHI), and the state requires comprehensive data analytics tools and strategic consulting services.