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Agency lays out annual rate-renewal timetable and RFR process
Summary
Procurement manager Christine Davis explained the year-long rate-renewal process (RFR to carriers, negotiations, board authorization) that runs March–December and culminates in board votes to adopt premium rates and contracts for the 2027 plan year.
Christine Davis, procurement manager for portfolio management and monitoring, outlined the full annual rate-renewal process: develop an RFR for each carrier, collect bids and certifications, negotiate rates and terms with carriers, and return to the board for authorization of carrier premiums and contract execution. "The board votes to authorize carrier premiums and contracts are finalized and executed," she said.
Davis emphasized that the renewal is a multi-month, iterative process and that the public-facing portion (informational presentation and then the final action with rates and board vote) typically occurs in June–July in advance of implementation for the next plan year. She noted the default is that plans do not exist for 2027 unless the board affirms them by vote.
