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  1. Bid Banana
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  5. ›FSA, HRA, and HSA administration

Awarded contract·Snohomish County PUD·Washington

FSA, HRA, and HSA administration

Won by Discovery Benefits LLC +16 more$1MMultiple Award
Contract source

Awarded vendors

  • Discovery Benefits LLC
  • Chard Snyder & Associates, LLC.
  • PayFlex Systems USA, Inc.
  • Alight Solutions
  • Jellyvision
  • Navia Benefit Solutions, Inc
  • HSABK
  • Wellness by Wishlist
  • Interflex Payments LLC
  • Voya
  • Benefit Resource
  • TASC
  • 24HourFlex
  • ConnectYourCare
  • Allegiance
  • A.W. Rehn & Associates, Inc.
  • HealthEquity, Inc.

Description

The Snohomish County PUD is seeking proposals from qualified vendors to administer their Flexible Spending Account (FSA) for active employees and Health Reimbursement Account (HRA) programs for retirees, effective January 1, 2022. They are also seeking proposals to administer their Health Savings Accounts (HSA) effective July 1, 2021. The contract involves the administration of these accounts, and the vendor will be responsible for providing services such as account management, customer support, and compliance with relevant regulations. • The contract is for the administration of FSA, HRA, and HSA accounts • The vendor will be responsible for providing account management and customer support services • The contract is scheduled to start on January 1, 2022, for FSA and HRA, and July 1, 2021, for HSA • The proposals are being evaluated, and the award is subject to change • The contract involves the administration of employee benefits, and the vendor must comply with relevant regulations

Attached files

Key dates

Starts
1/1/2022

Last updated

Details

Award type
Multiple Award
Procurement
Full and Open Competition
Industry
Insurance
NAICS
524100
Solicitation №
20-1065-HL

Contract value

$1,000,000

The contract value is not explicitly stated in the provided text. However, based on the scope of work, which includes the administration of FSA, HRA, and HSA accounts for a large employer like Snohomish County PUD, the contract value could be substantial. A rough estimate for a contract of this nature could be in the range of $500,000 to $2 million per year, depending on the number of employees and retirees covered, as well as the complexity of the services required.

AI estimate from the award documents

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