Texas DIR/ESBD #RFQ-01-SBA-27-289

Actuarial Services for Texas A&M University System Self-Insured Benefit and Risk Programs

The Texas A&M University System is seeking a qualified actuarial-services firm to support its self-insured benefits and risk programs. - Government buyer: Texas A&M University System (Agency 710), through the Office of Procurement and Business Services, supporting System Benefits Administration and System Risk Management. - Services requested: - Annual actuarial pricing, cost projections, plan-design recommendations, and incurred-but-not-reported (IBNR) reserve estimates for self-insured health, prescription drug, and dental plans. - Actuarial and rating analysis for workers’ compensation, automobile liability and physical damage, prescribed-burn liability, and other self-insured or risk-financed programs. - Other Post-Employment Benefits (OPEB) valuations and reporting compliant with GASB 74/75. - As-needed special projects, potentially including claims audits, pharmacy analyses, prescription-drug surveys, and legislative evaluations. - Named organizations and vendors: Rudd and Wisdom, Inc. prepared the attached reserve estimate. Blue Cross Blue Shield of Texas, Express Scripts Inc., and Delta Dental are identified as sources of historical claims and enrollment data; they are not identified as bidders or selected providers. TAMU data is also cited. No product OEMs or prospective service vendor are specified. - Reference estimate: The attached estimate reports total IBNR reserves of $28,622,000 without margin and $31,484,000 with a 10% margin. These are estimated benefit-plan reserves, not the value of the actuarial-services contract. The report describes the estimate as unaudited and recommends regular updates. - Notable requirements: HIPAA business associate compliance, relevant public-sector experience, and a Texas subcontracting plan with a 2% VetHUB goal. No products, part numbers, or fixed service quantities are specified.

Description

The Texas A&M University System is seeking qualifications from firms with expertise in actuarial services. Work will support the System’s self-insured group health, dental, benefits, retirement, and self-insured programs administered through the A&M System Office of Risk Management. Services are scheduled to begin November 1, 2026. Qualification submittals are due October 23, 2026, at 2:00 p.m. Central Time.

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