120005 O5 Intent to Award.pdf

This is a Notice of Intent to Award (Form SPB 42) issued by the Nebraska State Purchasing Bureau (SPB) for solicitation 120005 O5. The notice, dated January 24, 2025, informs all bidders that the State of Nebraska intends to award the contract for Consulting and Actuarial Services to The Segal Company (Southeast), Inc. d/b/a Segal.

Based on the associated contract opportunity details, this procurement is for comprehensive actuarial and consulting services supporting five self-insured health plans covering approximately 13,300 eligible public servants and their dependents. The original RFP responses were due January 6, 2025, with services to commence March 1, 2025. The contract includes a two-year initial term with three one-year renewal options. Current incumbents include United Healthcare, Hartford, ASI Flex, Deer Oaks, and Gallagher Benefit Services, managing an annual health fund investment exceeding $167.2 million across approximately 27,580 total lives. The contract requires fixed pricing for the first two years, with subsequent increases capped at 4% per period, paid in 12 equal installments.