Description of Actuarial Services
The Board is seeking bids for an administrator for one or all of the following functions:
1. Estimate the total funding for the reinsurance program each year. This will be the sum of the
funding that is estimated to be available from the State’s premium assessment and the amount of
Federal pass-through dollars, calculated by CMS based on the estimated savings to Premium Tax
Credits (PTC) from lower premiums.
2. Assist the MRA Board to predict, estimate (if needed) and understand the program
parameters(attachment point, cap, and coinsurance) should be for a year to better help
issuers price for the reinsurance program.
3. Help the MRA Board establish annual attachment points.
4. Project certain reinsurance program components as support for annual budget projections.
Specifically, estimate future year reinsurance reimbursement to insurers participating in the ACA
individual market and assessment that will be paid by insurers.
5. Complete the annual Pass-Through reporting due September 15th of each year.
6. Attend occasional board meetings (regularly scheduled and ad hoc) to assist the MRA Board.
Please click on the links below for RFP details and instructions
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