Description
The Department of Labor & Industries (L&I) seeks an independent actuarial/consulting firm to review the retrospective rating insurance tables used for the October 2023, January 2024, and April 2024 enrollment periods. The contractor must analyze the impact of blended table usage and non‑July implementations, reproduce the retro‑adjustment calculations, assess equity and financial impacts, and provide fully specified actuarial methodologies and recommendations for future table updates. Deliverables include an initial work plan, draft findings, and a final report with executive summary, along with bi‑weekly status reports and up to six hours of virtual presentations. The work must be completed by 30 June 2027 under a fixed‑fee ceiling of $150,000.
• Perform independent analysis of retrospective rating adjustments for three enrollment periods.
• Quantify inequities caused by blended tables and off‑cycle implementation.
• Deliver a written report, executive summary, and recommendations, plus virtual presentations and status updates.
• Must meet Washington‑state data‑security, insurance, and certification requirements; small‑business, MWBE, or veteran‑owned status is optional but may improve competitiveness.