Medicare Advantage and Prescription Drug Plan - BID AUDITS
Forecast New Requirement Updated
- Agency
-
Centers for Medicare and Medicaid Services
Department of Health and Human Services
- Solicitation expected
- Estimated value
- $20,000,000 to $50,000,000
- Set-aside
- Total Small Business
Forecast facts
- Anticipated award
- Through
- NAICS code
- Not on record
- Forecast number
- 270688
- Points of contact
Forecast details come from CMS's procurement forecast. Agencies' dates and values are estimates.
About this forecast
The Centers for Medicare and Medicaid Services is forecasting a new requirement for independent actuarial audits of Medicare + Choice organization submitted bids under Social Security Act Section 1854(a)(5), with solicitation release estimated for 2027-02-01 and award estimated for 2027-08-01. Auditors will assess compliance with actuarial standards and bid instructions and provide written reports on bid reasonableness for the CMS Office of the Actuary (OACT). The procurement is a competitive GSA MAS order set aside for total small business.
The estimated award value range is $20 million to $50 million, with a current fiscal year value of at least $2 million and less than $5 million. The contract is firm fixed price for 5 years, with the period of performance starting 08/01/2027. Points of contact are Elliott Sloan, Contracting Officer, at elliott.sloan@cms.hhs.gov or +14107860320, and Kirk Limmer, listed under HHS.gov, at kirk.limmer@cms.hhs.gov or +16672908860.
Forecast text
Independent actuarial audits to review and validate Medicare + Choice organization submitted bids in accordance with Social Security Law Section 1854(a)(5). Auditors will assess compliance with actuarial standards, bid instructions, and provide written reports on bid reasonableness for CMS Office of the Actuary (OACT).
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