Description
The Illinois Tollway is providing a public notice for the Employee Flexible Spending Benefits Program, which will provide a tax-advantaged program for Tollway employees to set aside a pre-tax portion of each paycheck to pay for out-of-pocket medical expenses. The contract has been awarded to P&A Administrative Services, Inc. for a five-year term starting from 03/01/2025. The program includes Flexible Spending and Commuter Benefits. The value of the policy is estimated at $65,000 for the five-year term.
• The contract term is five years, from 03/01/2025 to 02/29/2030.
• The program will provide Flexible Spending Insurance Program, which is a tax-advantaged program.
• The contract was awarded to P&A Administrative Services, Inc. after a review and evaluation of all proposals by a seven-member Tollway evaluation committee.
• The estimated financial return to the State for the life of the contract is not applicable.
• The estimated gross revenue to the vendor for the life of the contract is not applicable.