Third Party Administrator Consultant

The State of Arkansas, Department of Transformation and Shared Services Office of State Procurement (TSS OSP), on behalf of the Employee Benefits Division (EBD), is seeking a Third-Party Administrator (TPA) Consultant to assist in the procurement process for a TPA to administer the state and public school employees' self-funded health insurance plan. The successful vendor will provide actuarial and consulting services, including preparing and delivering reports, providing advice and assistance in the research, analysis, and selection of contracted vendors, and assisting with benefit plan analysis. The contract will serve Pulaski County and the City of Little Rock. The RFP has a submission deadline of March 19, 2024, and the anticipated contract start date is May 27, 2024, with an initial term of one year and the possibility of up to six additional one-year renewals. Minimum qualifications for the Prospective Contractor include requirements for experience, capacity, and confidentiality.

The solicitation does not mention any set-aside designations or restrictions on the types of organizations that can respond, nor does it list any incumbent vendors or current contractors. The RFP does not provide the possible award value or budget range, but the Services Contract indicates a maximum potential contract amount of $[Total Projected Cost] over the full term. The funding sources for the contract include [summarize funding sources].