Flexible Spending Accounts (Health Care FSA, Child Care FSA, and Commuter/Mass

Montgomery County is seeking proposals for the provision of Flexible Spending Accounts (FSAs) and Health Savings Accounts (HSAs) benefit administration. The selected contractor will be responsible for administering the County's FSA program, including eligible claims reimbursement, record keeping, enrollment services, participant education, and communications in accordance with IRS guidelines. The contract will be for a duration of 3 years with two optional 1-year renewals. • The contractor must duplicate the County's existing FSA program and services. • The contractor must identify any deviations from the existing services. • The contractor must provide participant education and communications. • The contractor must comply with IRS guidelines and regulations. • The contractor must have experience in administering FSA and HSA programs. • The contractor must have a strong reputation and financial stability.