Request for Proposals (RFP) for Actuarial Services

The Connecticut Health Insurance Exchange, operating as Access Health CT, is seeking a qualified vendor to provide comprehensive actuarial services to support its Plan Management activities. The scope of work includes developing and certifying Standard Plan Designs and their actuarial values, conducting rate reviews and consumer impact studies, analyzing adverse selection risks, and evaluating expanded Bronze plan copay structures. The contract aims to ensure accurate rate setting, plan design optimization, and informed decision-making to enhance the quality and affordability of health insurance options available through the marketplace. The solicitation, titled "Request for Proposals (RFP) for Actuarial Services," was posted on February 19, 2025, with a deadline for responses set for March 19, 2025. The contract is valued between $500,000 and $2,000,000 and is managed by Connecticut's State and Local Government Entities (SLED). Interested vendors can find additional details and submit proposals through the Connecticut Department of Administrative Services' portal. The engagement is critical for maintaining the integrity and effectiveness of Connecticut’s health insurance marketplace, ensuring compliance with regulatory standards and supporting the state's efforts to provide accessible, affordable health coverage.