A government agency in Marion, Iowa is seeking a qualified vendor to provide comprehensive benefits brokerage, consulting, and actuarial valuation services for their self-funded employee benefit programs. The scope includes strategic consulting for self-funded medical plans, annual actuarial valuations of post-employment benefits, fee calculations, and the performance audit and RFP management for Pharmacy Benefit Managers (PBMs).

Additional responsibilities encompass compliance consulting on required federal and state notices, guidance on benefits administration systems, and support for compensation and total rewards statements. The vendor will be responsible for brokering life, long-term disability, dental, vision, and ancillary benefits, as well as serving as a strategic advisor by delivering data-driven recommendations, industry best practices, and cost-containment strategies.

Key deliverables include analyzing medical and pharmacy claims trends, making actionable recommendations to manage plan costs, developing alternative plan designs, supporting annual renewals, and providing stop-loss consulting including contract review and renewal/marketing support. The contract period is for one year.