The Town requires health insurance actuarial and consulting services including health insurance program strategy, design and integration, funding, compliance, and financial analysis. Responsibilities of the selected bidder include: Analyze Town health care data to discern the impact of utilization, price, trends, and demographics on the cost of programs, providing summary impact reports to the Town of North Providence’s Finance Department. Assist the Town in its procurement process for insurance vendors, evaluating the network and financial components of proposals received, negotiations, and determining the most advantageous funding arrangement for the Town of North Providence. Negotiate competitive financial contracts with all of our carriersresulting in significant savingsto the Town of North Providence. Guide and assist the Town of North Providence with the implementation of complex projects and initiatives that span multiple fiscal years. Assist in the administration of benefit initiatives, with a focus on streamlining the Town’s benefit offerings. Provide ongoing support to the Town of North Providence, through its Finance Department o n h e a l t h i n s u r a n c e r e g u l a t i o n , i n c l u d i n g advising and implementing changes under health care law, such as the Affordable Care Act, including multiple reviews of plan designs and advise on regulatory and legal compliance. Provide detailed plan design and savings analysis and information for collective bargaining contract negotiations as needed.
