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State of West Virginia, Offices of the Insurance Commissioner·West Virginia

Statutory Exam of TrueScripts Management Services, LLC

Closes 1/20/2026$50k – $500k
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Description

The State of West Virginia, Offices of the Insurance Commissioner, is seeking a vendor to perform statutory and market conduct examinations of pharmacy benefit managers in the State of West Virginia. The examination will be conducted in compliance with W. Va. Code 33-2-9 and in accordance with the Pharmacy Benefit Managers Act ("PBM") [W. Va Code 33-51] and the Health Benefit Plan Network Access and Adequacy Act ("NAA") [W. Va Code 33-55]. The scope of work includes performing financial accounting services to examine TrueScripts Management Services, LLC. Key aspects of the job include: • Performing statutory and market conduct examinations of pharmacy benefit managers • Compliance with W. Va. Code 33-2-9 and the Pharmacy Benefit Managers Act ("PBM") [W. Va Code 33-51] and the Health Benefit Plan Network Access and Adequacy Act ("NAA") [W. Va Code 33-55] • Providing financial accounting services • Examining TrueScripts Management Services, LLC

Attached files

The solicitation documents live at the source — open the bid source above to download them.

Contact

Beverley Toney(Buyer)

[email protected]

(304) 414-8473

Key dates

Opened
12/30/2025
Questions due
12/22/2025
Closes
1/20/2026

Last updated

Details

Industry
Insurance
NAICS
551111
Solicitation №
ARFQ-0704-INS2600000001-2

Budget estimate

$50,000 – $500,000

The budget for this opportunity is difficult to estimate, as the document does not provide a clear indication of the contract value. However, considering the scope of work, which includes performing statutory and market conduct examinations of pharmacy benefit managers, the budget could be in the range of $50,000 to $500,000. This estimate is based on the assumption that the examination will require a team of professionals, including financial examiners and accounting specialists, to conduct the examination over a period of several months. Factors that may influence the likely payment range include the complexity of the examination, the number of personnel required, and the duration of the project.

AI estimate from the solicitation

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