Specifications include, but are not limited to: The Department seeks to hire a consultant to assist in the procurement process for a Third-Party Administrator (“TPA”). EBD is responsible for administering the State and Public School employees health insurance benefits as a self-funded insurance plan. EBD intends for this consultant to be a partner with EBD in drafting and reviewing the technical documents required by State law in the procurement process, and to rely upon the consultant’s technical and financial expertise in assessing the best candidate for a TPA. The successful vendor will provide actuarial and consulting services for EBD when requested. These services shall include, but not be limited to the following: • Prepare and deliver various reports related to EBD in a format approved by EBD and in the timelines developed by EBD. • Provide advice and assistance in the research, analysis, and selection of contracted vendors to include benefit packages, cost analysis, reference checks, site-visits, and other services as requested. • Assist with analysis of benefit plans
