Consulting and Actuarial Services

The State of Nebraska Department of Administrative Services (DAS) State Purchasing Bureau has issued Request for Proposal (RFP) Number 120005 O5 seeking comprehensive Consulting and Actuarial Services for the state's employee benefits programs. The procurement targets a vendor to provide actuarial and consulting services for five self-insured health plans covering approximately 13,300 eligible public servants and their dependents. Key deliverables include actuarial analysis, data analytics, premium equivalent calculations, IBNR calculations, Value on Investment reporting for wellness programs, budget reporting, RFP assistance, and ACA compliance tracking. The evaluation criteria consist of three components: Corporate Overview (25 points), Technical Approach (55 points), and Cost Proposal (20 points), with a potential additional 20 points for an optional oral interview. Electronic responses were due January 6, 2025, at 2:00 PM Central Time, with 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, and pricing must remain fixed for the first two years, with subsequent increases limited to 4% per period.

No specific set-aside designations for disadvantaged enterprises are included in this solicitation. 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 state's annual health fund investment exceeds $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 state is not currently participating in a data warehouse and requires vendors to provide comprehensive data analytics tools and strategic consulting services. A Business Associate Agreement (BAA) is mandatory to ensure HIPAA compliance for handling Protected Health Information (PHI). While no specific contract value is explicitly stated, the comprehensive nature of the services and the size of the health plans suggest a significant annual investment in consulting and actuarial services.