Group Health and Welfare and Budget Consulting Services

The Pace Suburban Bus Service, a government authority located in Arlington Heights, Illinois, is seeking consulting services to support its employee health and welfare benefit plans. The agency needs assistance with annual budgeting, renewal processes, and financial analysis for all of its programs, which cover both salaried and union employee plans. This initiative aims to ensure robust financial oversight, accurate forecasting, and strategic management of the agency's benefits portfolio. The scope of work requires the selected partner to develop an annual employee benefits budget with two-year forward projections by June of each year. The provider must collect renewal rates, claims data, fees, and premium projections, as well as validate underwriting assumptions and negotiate terms with existing vendors. Additionally, the agency requires plan costing and forecasting, which includes preparing claims, premiums, administrative cost projections, stop-loss analysis, and per-employee-per-month cost analysis separated by employee group. The agency also requests ongoing benefits plan consulting, including plan design benchmarking, cost modeling, audit services, and support for future vendor procurements across medical, pharmacy, dental, vision, life, and disability lines. Only organizations based in the United States are eligible to bid on this opportunity. The selected provider must perform all work offsite at their own office premises. The agency has set a final deadline of July 24, 2026, for these professional consulting and administrative support services.