ACTUARIAL REVIEW OF SELF-INSURED HEALTH PLAN

The Knox County Procurement Division is seeking a professional actuary firm to provide an Actuarial Review of the Knox County Self-Insured Health Plan. The selected firm will be responsible for reviewing and conducting a year-end calculation for the Medical Plan Liability for the Knox County Self-Insured Health Plan, as well as assisting Knox County in the calculation of recommended Medical Rates for the Self-Insured Health Plan. The contract will be for a period of one year, with the option to renew for an additional four years. • The firm will be required to provide a detailed work plan, including an explanation of the understanding of the proposed work, a work schedule, and the philosophy, approach, and techniques that will be used in the actuarial review. • The firm will be required to provide the estimated number of hours that will be required for each segment of the engagement and the level of staff to be assigned to each. • The firm will be required to provide a description of their experience relating to Actuarial Review of Self-Insured Health Plan, including the organization's total number of years in business and the number of years providing Actuarial Review of Self-Insured Health Plan.