Description
The Knox County Procurement Division is seeking a professional actuary firm to provide an Actuarial Review of the Knox County Self-Insured Health Insurance Plan. The selected firm will be responsible for reviewing the plan and providing recommendations to the county. The contract will commence on December 1, 2024, and continue through November 30, 2025, with four additional one-year option periods. The county reserves the right to add or delete services as needed, and the contractor will be required to maintain all books, documents, and accounting records related to the contract.
• The Actuarial Review will include an analysis of the plan's current status and recommendations for improvements.
• The selected firm will be required to provide a fixed fee for the contract term.
• The county will pay the contractor based on the agreed-upon fee schedule.
• The contractor will be required to submit invoices and reports as specified in the contract.
• The county reserves the right to terminate the contract with or without cause upon written notice.