Health and Welfare Actuarial and Broker Consulting Services

The State of Colorado, through its Department of Personnel & Administration, is seeking a consultant to provide employee benefits brokerage, actuarial, wellness, pharmacy, benefits administration, procurement, and related consulting services.

Minnesota > Department of Administration


General
Open
RFP-AABA-2027000049
Oct 22, 2026 09:00 PM
Sep 22, 2026 09:36 AM
1 year base + 4 × 1 year options
Service-Disabled Veteran-Owned Business
Request for Proposal (RFP)
State
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Original Solicitation Links
Contact
phil.rollins@state.co.us
Submission Instructions
Description

The State of Colorado is soliciting proposals for comprehensive employee benefits actuarial and brokerage consulting services. The selected contractor will support the State's employee benefits program, including medical, dental, vision, life, disability, flexible spending, pharmacy benefit management, wellness, direct primary care, near-site clinics, and benefits administration systems. The scope includes actuarial reporting and rate setting; claims, reserve, trend, and cost analysis; benefit plan design and redesign; carrier and vendor negotiations; pharmacy benefit manager market checks, audits, reverse-auction support, and implementation; wellness program evaluation and administration; compliance reviews and legislative fiscal-note analysis; procurement support; open-enrollment administration; communications; contract monitoring; and strategic planning. Proposals must address the technical and management questions, provide a separate cost proposal with a flat annual fee, include requested references and supporting work products, and comply with applicable accessibility standards.

Classification Codes
NAICS524210Insurance Agencies and Brokerages
PSCR499Other Professional Services
Smart Codes
employee benefits consultinghealth actuarial consultinginsurance brokerage services
Specifications
Service Only
Timeline
Sep 21, 2026-Issue Date
Oct 05, 2026 06:00 PM-Vendor Inquiry Submission Deadline
Oct 12, 2026 06:00 PM-Intent to Bid Notification Deadline
Oct 22, 2026 09:00 PM-Proposal Submission Deadline
Dec 7, 2026-Estimated Oral Presentations (optional)
Estimated during the week of December 7, 2026; the State may request in-person presentations, demonstrations, or interviews from finalists.
Dec 21, 2026-Estimated Notice of Intent to Award
May 1, 2027-Estimated Contract Execution
Requirements
Required
  • Workers' Compensation
  • General Liability — $1,000,000.00
  • Automobile Liability — $1,000,000.00
  • Protected Information Liability — $1,000,000.00
  • Professional Liability — $1,000,000.00
  • Crime Insurance — $1,000,000.00
Scored
  • Minimum 3 references
  • Within the last 6 years
  • Client point of contact required for each reference
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