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  5. ›RQ6055 - Flexible Spending Account Administration

Awarded contract·Cuyahoga County·Ohio

RQ6055 - Flexible Spending Account Administration

$600kSingle Award
Contract source

Description

The County of Cuyahoga, Ohio, issued a formal RFP (RQ6055) seeking a qualified vendor to administer three Flexible Spending Account (FSA) programs—Medical, Dependent Care, and Commuter Parking—for county employees. The contract runs from 1 Jan 2022 through 31 Dec 2024 and is priced on a per‑employee‑per‑month (PEPM) basis at $2.70 for each of the three account types. The vendor must provide system implementation, debit‑card issuance, claims processing, reporting, toll‑free support, and project‑management services, and must meet specified insurance minimums and diversity documentation. No vendor name is disclosed in the public award notice. • Scope includes full administration of medical, dependent‑care, and commuter FSA accounts (PEPM pricing). • Required deliverables: system development, debit‑card program, claims processing, reporting, customer support, and detailed project‑management plan. • Mandatory insurance coverage and diversity documentation; no performance bond or financial‑statement submission required.

Attached files

Key dates

Bids closed
5/24/2021
Contract modified
5/7/2021
Starts
1/1/2022
Ends
12/31/2024
Duration
3 years

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Healthcare and Medical Services
NAICS
524291
Solicitation №
997

Contract value

$600,000

The addendum specifies a flat rate of $2.70 per participant per month for each of the three FSA types. With 6,339 eligible county employees, the maximum annual revenue equals 6,339 × $2.70 × 12 ≈ $205,000. Assuming realistic participation rates (e.g., 70% enrollment) the annual spend would be roughly $144,000, yielding a three‑year contract value between $430,000 and $615,000. Considering potential additional services (debit‑card fees, reporting, project‑management) and a modest contingency, a reasonable ball‑park estimate is about $600,000 for the full term.

AI estimate from the award documents

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