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MB-4473 - USA (Michigan) - Actuarial Analysis Service for Self-Insurers and Security Fund - Deadline September 18,2020

Product (RFP/RFQ/RFI/Solicitation/Tender/Bid Etc.) ID: MB-4473

Government authority located in Michigan, USA; based organization looking for expert vendor for actuarial analysis service for self-insurers and security fund.

[A] Budget: Looking for Proposal

[B] Scope of Service:

(1) Vendor needs to provide actuarial analysis service for self-insurers and security fund for the payment of workers’ compensation benefits due to a disabled employee or a dependent of a disabled employee that are due from a private self-insured employer.
- actuarial analysis of active SISF claims to estimate the potential SISF future workers’ compensation benefit payment and loss adjustment expense liabilities based on the probable future cost of compensation and medical benefits plus necessary loss adjustment expenses due, or could reasonably be expected to be due, over the projected life of each open and possible future claims to be filed
- actuarial analysis on this claim and employer data to identify projected future workers’ compensation indemnity and medical losses on known claims plus provide a projection of loss expenses on known claims and provide an analysis of future benefit and loss expenditures for projected future claims to be filed against the Self-Insurers’ Security Fund on known and potential future insolvent private self-insured employers.
(2) All questions must be submitted no later than August 21, 2020.

[C] Eligibility:

- Onshore (USA Organization Only);

[D] Work Performance:

Performance of the work will be Offsite. Vendor needs to carry work in their office location.

Expiry Date : Friday, 18 September, 2020

Question Answer Deadline : Friday, 21 August, 2020

Category : Medical Billing and Coding

Country : USA

State : Michigan

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