T2679 - Employee Benefits: Pharmacy Benefits Management

The State of New Jersey’s Division of Purchase and Property is seeking a qualified Pharmacy Benefits Manager (PBM) to provide technical and professional services for employee benefit pharmacy programs. The contract will cover multiple prescription drug plan options (stand‑alone, built‑in, retiree) and related consulting, administration, and reporting functions over a four‑year period. Bidders must submit pricing via a reverse‑auction tool and comply with standard state procurement terms and security questionnaires. • Scope includes management of prescription drug benefits for state employees and retirees. • Services cover plan design, vendor negotiations, claims processing oversight, compliance reporting, and member support. • Four separate line items (employee benefits consulting, health & hospitalization insurance, hospital services, miscellaneous pharmaceuticals) each priced individually. • Contract period: 12/31/2027 – 12/30/2031 (≈4 years). • Mandatory electronic submission; no bid bond required.