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Illinois HFS - Healthcare and Family Services·Illinois

Actuarial Analysis & Consulting

Closes 10/22/2026$10M – $20MRequest for Proposal
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Description

The State of Illinois, Department of Healthcare and Family Services, is seeking a vendor to provide actuarial analysis and consulting services for Managed Care Organizations (MCOs) participating in Illinois Medicaid and related medical programs. The solicitation outlines hourly‑rate labor categories for Principal, Consultant, Associate Analyst, Analyst, and Administrative Support, each with estimated hours for the first five contract years. Vendors must submit technical and financial proposals, complete required disclosures, and meet a BEP participation goal of 4 %. • Scope includes reviewing, advising, and developing actuarially sound rates for MCOs. • Required labor categories with total estimated hours: Principal (14,000 hr), Consultant (14,000 hr), Associate Analyst (70,000 hr), Analyst (35,000 hr), Administrative Support (7,000 hr). • Mandatory attachments: Technical response, vendor disclosures, offer, BEP utilization plan, and diversity commitment.

Attached files

Contact

Gretchen Tucka(Purchaser)

[email protected]

(217) 782-2642

Key dates

Opened
9/24/2026
Pre-bid meeting
10/6/2026
Closes
10/22/2026
Duration
5 years

Last updated

Details

Type
Request for Proposal
Industry
Consulting Services
NAICS
541618
Solicitation №
26-478HFS-MEDPR-B-52728

Budget estimate

$10,000,000 – $20,000,000

The solicitation lists a total of 140,000 estimated labor hours across five categories. Assuming typical actuarial consulting rates between $100‑$150 per hour, the contract value could range from roughly $14 million to $21 million. Factoring in overhead, contingencies, and potential discounts, a realistic estimate is $10 million–$20 million.

AI estimate from the solicitation

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