The State of Colorado is seeking a qualified firm to serve as its Health & Welfare Actuarial and Broker Consultant on a flat‑annual‑fee basis. The consultant will provide actuarial analysis, benefits procurement assistance, broker services, compliance monitoring, wellness program support, and legislative fiscal‑note analysis for a workforce of roughly 39,000 employees. Key responsibilities include market research, budget estimation, drafting scopes of work and solicitation questions, evaluating proposals, preparing bid summaries, negotiating contracts, developing performance standards, delivering monthly/annual financial reports, conducting PBM audits, supporting open‑enrollment activities, and maintaining accessibility compliance. The firm must have at least one Fellow of the Society of Actuaries, five years of public‑sector consulting experience, and the ability to attend in‑person meetings and respond to urgent fiscal‑note requests (as fast as four hours).
• Flat‑annual‑fee contract (no hourly billing)
• Must cover all actuarial, brokerage, compliance, and wellness services outlined in Exhibit A
• Required licenses for employee‑benefit services in Colorado
• Provide a single point of contact and a full team (actuary, pharmacist, compliance, IT, etc.)
• Deliver monthly/annual expense‑vs‑budget reports, PBM market checks, carrier performance audits, and rapid fiscal‑note analyses
• Must adhere to WCAG 2.1 AA accessibility standards for all deliverables
• Performance guarantees may be required with a portion of the fee at risk.