• Multi-Employer
  • Retirement Benefits
    • Actuarial Services
    • Asset Liability Modeling
    • Plan Design
    • Plan Governance
    • Investment Management
  • Health & Welfare Benefits
    • Innovative Plan Design Strategy and Analysis
    • Budgeting/Financials
    • Claim and Eligibility Audits
    • Plan Data Analysis
    • Wellness/Individual Health Management
    • Health Plan Compliance
    • Prescription Drug Benefits
    • Vendor Competitive Bidding and Renewal Negotiations
    • Funding Arrangements
    • Retiree Health
  • Compliance
  • Participant Communications
    • About Us
    • Our Team
    • Recognition
    • Creative Solutions
  • Admininistration and Technology
    • Feasibility Studies
    • Information Systems/Technology Reviews
    • Operational & Organizational Assessments
    • Recruiting
    • Technology Acquisition & Implementation
    • Third Party Administrator Searches
    • Web Site Development
    • Services for Third Party Administrators
  • Investment Consulting
    • For Investment Managers
    • For DC Vendors
    • Client Log-In
• Public Sector
  • Retirement Benefits
    • Actuarial Services
    • Asset Liability Modeling
    • Plan Design
    • Investment Management
  • Health & Welfare Benefits
    • Innovative Plan Design Strategy and Analysis
    • Budgeting/Financials
    • Claim and Eligibility Audits
    • Plan Data Analysis
    • Wellness/Individual Health Management
    • Health Plan Compliance
    • Prescription Drug Benefits
    • Vendor Competitive Bidding and Renewal Negotiations
    • Funding Arrangements
    • Retiree Health
  • Employee Communications
    • About Us
    • Our Team
    • Recognition
    • Creative Solutions
  • Admininistration and Technology
    • Feasibility Studies
    • Information Systems/Technology Reviews
    • Operational & Organizational Assessments
    • Recruiting
    • Technology Acquisition & Implementation
    • Third Party Administrator Searches
    • Web Site Development
    • Services for Third Party Administrators
  • Investment Consulting
    • For Investment Managers
    • For DC Vendors
    • Client Log-In

Vendor Competitive Bidding and Renewal Negotiations

Segal works to get the most from vendors for all the clients we represent. We make it our business to know a vendor's history, financial solvency and performance to date, and we bring that knowledge to the table on behalf of multi-employer benefit funds.

Our renewal and competitive bidding services include:

• Creating custom requests for proposals (RFPs) and analyzing responses from insurance companies
• Aggressively negotiating vendor contracts so that you receive optimal, market-competitive contracts from them
• Reviewing yearly increases in each line of coverage:
  • Medical
  • Dental
  • Prescription drugs
  • Vision
  • Life/AD&D
  • Stop loss pooling
  • STD/LTD
  • Behavioral services - EAP, managed mental health review program utilization
  • Voluntary benefits