The Vendor is required to provide FSA and HSA and COBRA administrative services.
- Provide members with an electronic payment debit card on a major card processing platform that is inventory information approval systems (IIAS) compliant.
- Hold all cobra, FSA, and HSA account funds in an FDIC insured bank.
- Correctly credit FSA and HSA member accounts.
- Utilize accounting and business processes that provide for the correct crediting of member accounts for all circumstances.
- Benefit package options and qualified benefits contained under the umbrella of the FSA:
1. General purpose flexible spending accounts
2. Limited purpose flexible spending accounts for dental and vision
3. Dependent care flexible spending accounts
- Provide processing and issuance of an electronic payment card (debit card) to all FSA members.
- Provide claims processing for the FSA program and shall allow for reimbursement options to the member via check or direct deposit.
- Process the contributions to, and provide distribution and customer service assistance for, the member regarding FSA accounts.
- Provide claims processing for the HSA program and shall allow for reimbursement options to the member via check or direct deposit.
- Provide processing and issuance of an electronic payment card (debit card) for all HSA members.
- Design and produce education and enrollment materials such as payroll stuffers, pre- enrollment newsletters, enrollment booklets, and/or other items as determined necessary by EBD and as applicable to ASE and PSE new hires, members, and plan participants.
- Contract Period/Term: 3 years
- Questions/Inquires Deadline: June 02, 2025