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Maryland Health Insurance And Other (RSTARS - F04)·Maryland

Consulting and Actuarial Services for the State Employee and Retiree Health and Welfare Benefits Program

Closes 9/11/2026$800k – $4MRequest for Proposal
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Description

The State of Maryland is seeking a qualified firm to provide comprehensive consulting and actuarial services for its State Employee and Retiree Health and Welfare Benefits Program. The work includes general program consulting, actuarial analysis, data analysis, reporting, and related support functions. The contractor must deliver written and electronic deliverables in accordance with strict quality‑control standards, maintain robust data security and disaster‑recovery procedures, and comply with Maryland’s IT security policies, including annual SOC 2 Type 2 audits. The contract will be awarded through a double‑envelope RFP process, with a submission deadline of September 11 2026. • Scope: actuarial valuations, cost‑share analysis, benefit design consulting, data‑management support. • Deliverables: periodic reports, draft and final documents, data‑export/import capabilities, security plans. • Compliance: HIPAA Business Associate Agreement (if applicable), SOC 2 Type 2, NIST‑aligned security controls, background checks for personnel. • Required certifications: SOC 2 Type 2 audit annually, security clearances, U.S.‑based data storage. • Contract administration: electronic submission, mandatory pre‑proposal conference (date not disclosed), no on‑site security requirements.

Attached files

Contact

Maureen Loiseau(Procurement Officer / Buyer)

[email protected]

Key dates

Opened
8/16/2026
Pre-bid meeting
8/21/2026
Closes
9/11/2026
Duration
2 years

Last updated

Details

Type
Request for Proposal
Industry
Consulting Services
NAICS
541618
Solicitation №
BPM057388

Budget estimate

$800,000 – $4,000,000

The solicitation does not disclose a contract value. Based on comparable state‑wide health‑benefits consulting engagements, a multi‑year contract for a comprehensive actuarial and consulting effort typically ranges from low‑seven figures to low‑single‑digit millions. Factors influencing the estimate include the number of employee/retiree lives covered (tens of thousands), the depth of actuarial modeling required, data‑security compliance costs, and the annual SOC 2 audit expense. A reasonable ball‑park would be between $800,000 and $4,000,000 for the full contract term.

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