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Actuarial Analysis and Rate Development

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State & Local

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Solicitation details, issuing organization, response deadlines, documents, and interested companies for this government contract opportunity.

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This subcontract for the Group Insurance Commission in Massachusetts involves providing specialized actuarial and technical analyses to support prime contractors. The scope of work includes annual rate development, program evaluation, and financial forecasting for both Medicare and Non-Medicare markets, utilizing advanced actuarial modeling software and financial tools. Key deliverables consist of rate setting reports, financial forecasts, and detailed program evaluation analyses. Qualified candidates must hold professional actuarial certifications, specifically FSA or ASA. The project is based in Boston, Massachusetts, with a response deadline of September 30, 2026. This opportunity falls under NAICS code 541612 and is managed by the Group Insurance Commission.

General Info

Actuarial subcontract for Massachusetts Group Insurance Commission providing rate development and financial forecasting.

Agency

Massachusetts → GIC00 - Group Insurance CommissionView Agency

NAICS

541612 - Human Resources Consulting ServicesView NAICS

Place of Performance

Boston, MA, 02108, USA

Set-Aside

NONE

Documents

This scope was carved out of BD-27-1049-GIC00-07GIC-131036.

The full solicitation package (41 documents), including the RFP, is on the prime solicitation, not on this scope.

View the prime solicitation

Procuring a Health Care Consultant for the Group Insurance Commission

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Organization & Contact Information

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AgencyMassachusetts → GIC00 - Group Insurance Commission
ContactsNo contacts available
OfficeN/A
Organization / Agency
Massachusetts → GIC00 - Group Insurance Commission
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Office AddressN/A
ContactsNo contact information available

Full Description

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Performs actuarial and technical analyses for prime contractors on Group Insurance Commission (GIC) projects. Conducts annual rate development, program evaluation, and forecasting for Non-Medicare and Medicare markets using actuarial modeling software and financial forecasting tools. Requires actuarial certifications such as FSA or ASA. Delivers rate setting reports, financial forecasts, and program evaluation analyses.

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Same NAICS industry code

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Same awarding agency

NAICS: 541618
SLED
Procuring a Health Care Consultant for the Group Insurance Commission
Solicitation # BD-27-1049-GIC00-07GIC-131036
The Massachusetts Group Insurance Commission is soliciting a Health Care and Actuarial Consultant under bid number BD-27-1049-GIC00-07GIC-131036 to provide technical assistance in planning and managing the selection process for healthcare plan administrators. The scope of work is divided into strategic consulting services, including plan design, population health programs, and member surveys, and actuarial services focusing on rate setting, forecasting, and program evaluation. Key deliverables include a comprehensive SWOT analysis of the agency's strategic goals, the drafting and management of RFRs for health benefit vendors, and ongoing expertise in healthcare benefits and trend management. The contract is a fixed-price agreement with a maximum total allowable obligation of 4,500,000 dollars. The period of performance consists of a three-year base period starting April 1, 2027, with two optional one-year extensions, potentially extending the engagement to March 30, 2032. Award is based on best value selection and negotiation, with a significant emphasis on the Supplier Diversity Plan, which carries a weight of 10 to 25 percent. Bidders must submit separate technical and cost proposals via COMMBUYS by September 30, 2026, at 12:00 PM. Compliance requirements include the submission of a Business Associate Agreement for HIPAA compliance, a conflict of interest certification, and adherence to the Commonwealth Terms and Conditions. Successful bidders must also provide a Massachusetts Substitute W-9 and an authorized signatory listing.
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POSTED

2 months ago

DEADLINE

in 22 days
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