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Employee Benefits Division outlines contract renewals, actuarial projections and $52M COVID cost recovery request
Summary
EBD Administrator Jake Blea presented contract renewal requests, sought approval to issue RFPs for actuarial and EAP services, previewed actuarial projections showing sizable state contributions and reserve volatility, and said EBD seeks ARP reimbursement for roughly $52 million in pandemic costs.
Jake Blea, administrator of the Employee Benefits Division (EBD), briefed the Board of Finance on EBD contracting, actuarial projections and pandemic‑related costs. Blea requested approval to renew four vendor contracts (EBRx, Mainstream, Optum, MedImpact) through the next contract periods and explained that Mainstream requested a 4% increase in its hourly rate (from $125 to $130). The board approved the contract renewals by voice vote.
Blea also asked the board to authorize drafting two RFPs: one to separate and secure a direct actuary (rather than…
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