MdoA-25-02 Continuing Care Actuarial Consultant

The Maryland Department of Aging is seeking quotations to engage two actuarial consultants who will serve as expert advisors supporting the Continuing Care Retirement Community Division. These consultants will provide specialized analysis and evaluation of actuarial data on an as-needed basis, assisting the Department in making informed decisions regarding the approval or disapproval of actuarial information submitted by continuing care providers, including retirement communities and continuing care at home providers. Their responsibilities include reviewing feasibility studies, renewal applications, and other organizational, financial, and contractual documents to ensure compliance with state laws and regulations governing the continuing care industry. The contract is valued between $100,000 and $500,000, with a response deadline of September 27, 2024. The Department is authorized under Title 10 of the Human Services Article to oversee the continuing care industry, which involves licensing, regulation, and public information dissemination related to continuing care providers. The selected consultants will act as the Department’s technical experts, providing critical insights and evaluations to support regulatory oversight and decision-making processes. Interested parties can contact Aaron Peterson via email for further details, and the solicitation is posted on the Maryland procurement portal for review and response.