Rhode Island State Transparency Portal #7576494

Award for Third-Party Administration of Rhode Island Workers' Compensation Plan

This award covers the State of Rhode Island's contract for third-party administration of its workers' compensation plan: - Government Buyer: - State of Rhode Island, Department of Administration - OEM and Vendor: - Beacon Mutual Insurance Company (sole vendor and OEM) - Services Requested: - Third-party administrative services for the state's workers' compensation benefits plan - Claims processing and administration - Data migration of approximately 1,500 open and 14,000 historical cases from a legacy Informix system to Beacon's case management system - Loss prevention services - Ad hoc report development - Industrial hygiene services - Runoff claim processing services (up to 12 months post-termination) - Legal services for workers' compensation claims litigation (to be procured via RFP with capped hourly rates and flat fees for settlements) - Notable Requirements: - Data confidentiality and regulatory compliance - Audit rights for the state - Funding deposits totaling $1 million - Performance monitoring and cooperation obligations - Option for additional transaction-based services via Statements of Work - Contract includes possible extensions beyond the initial term - Place of Performance and Delivery: - State of Rhode Island Department of Administration, One Capitol Hill, Providence, RI - Beacon Mutual Insurance Company, One Beacon Centre, Warwick, RI

Description

The State of Rhode Island Department of Administration has entered into an Administrative Services Agreement with Beacon Mutual Insurance Company to provide third-party administrative services for the state's workers' compensation benefits plan. The agreement includes administering the workers' compensation plan on an administrative services basis, with terms and conditions outlined in the contract and associated exhibits. The contract term is effective upon issuance of a Purchase Order and terminates on October 31, 2021, with possible extensions. The services include claims processing, loss prevention, and other related administrative tasks as specified in the proposal and addendum.

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