Joint Budget Committee Staff Report FY 2026-27
Workers’ Compensation TPA Contract Renewed with Broadspire
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Description
The state continues its contract with Broadspire as third-party administrator for workers’ compensation, allocating over $2 million for administration and loss control in FY 2026-27.
Contract Details
Contract Amount
$2,078,480 (W.C. TPA fees and loss control for FY 2026-27)
Vendor
BROADSPIRE
Agency
Colorado General Assembly, CO
Contract Type
INSURANCE
Document Date
February 4, 2026
Contract Term
FY 2026-27 and ongoing
Renewal Date
2027-06-30
Renewal Info
Ongoing multi-year TPA arrangement funded annually through common policy; renewal/continuity assumed unless state rebids.
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