Description
The Public Employees' Benefits Program (PEBP) is requesting an actuarial review and information for a range of services that could be provided to assist PEBP staff, Board, and state government in making informed decisions regarding both rate-setting and reserve policies for PEBP's self-funded healthcare insurance plans.
Key aspects of the job include:
• Actuarial review services to validate the accuracy, methodology, and best practices of PEBP's currently contracted actuarial vendor
• Review of PEBP policies and assumptions for rate setting and reserves in comparison with best practices for comparable plans
• Audit of the actuarial projections including independent modeling of input data from PEBP's self-funded plans
• Providing additional information and guidance to assist PEBP staff, the PEBP Board, and state government in making informed decisions regarding rate-setting and reserve policies.