Health Insurance Actuarial Review - Request for Information (RFI)

The Public Employees' Benefits Program (PEBP) is requesting an actuarial review and information for a range of services that could be provided to assist PEBP staff, Board, and state government in making informed decisions regarding both rate-setting and reserve policies for PEBP's self-funded healthcare insurance plans. Key aspects of the job include: • Actuarial review services to validate the accuracy, methodology, and best practices of PEBP's currently contracted actuarial vendor • Review of PEBP policies and assumptions for rate setting and reserves in comparison with best practices for comparable plans • Audit of the actuarial projections including independent modeling of input data from PEBP's self-funded plans • Providing additional information and guidance to assist PEBP staff, the PEBP Board, and state government in making informed decisions regarding rate-setting and reserve policies.